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    Property profile & analytics

    124 Banair Rd Bangor, ME 04401-8707

    • Showrooms
    • 59,880 SF
    • 6.79 lot acres
    OFF-MARKET
    Value Estimation
    $4,850,000
    Last Sale
    May 04, 2022
    $4,846,454
    Location Intelligence
    Property ID
    US42-0170211
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • FedEx Ship Center / Shipping And Mailing Service / Logistics Service

    Property Details for 124 Banair Rd

    Year built
    1997
    Lot size
    6.79 lot acres
    Property size
    59,880 SF
    Zone code
    UID
    Property type
    Showrooms
    APN
    BANG M:R07 L:015
    APU
    BANGMR07L015

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $4,955,000

    • CAP approach

      CAP return
      Estimation
      6%
      $4,355,000
      6.5%
      $5,140,000
      7%
      $4,845,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $4,895,000
      Geo Method
      $4,330,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $4,750,000
      Retail
      $4,265,000
      Mixed-Use
      $4,740,000
      Hospitality
      $4,685,000
      Educational
      $3,895,000
      Residential Income
      $3,975,000
      Energy
      $4,630,000
      Income-Based Land
      $4,425,000
      Food Service
      $4,715,000

    Location Insight

    • Map
    • Local Demand
    City
    Bangor
    County
    Penobscot
    State
    Maine
    Longitude
    -68.8249
    Latitude
    44.7948
    CBSA code
    12620
    CBSA name
    BANGOR, ME METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $76,060
    $168,900
    $3,802,900
    $3,971,800
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      45,328 SF

      485 Grandview Ave

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      485 Grandview Ave, Bangor, ME 04401-3206
      View Details
    • Value Estimation by Request
      21,798 SF

      219 Griffin Rd

      SHOW ROOM, WAREHOUSE • 21,798 SF
      219 Griffin Rd, Bangor, ME 04401-2812
      View Details
    • Value Estimation by Request
      70,240 SF

      92 Perry Rd

      SHOW ROOM, WAREHOUSE • 70,240 SF
      92 Perry Rd, Bangor, ME 04401-6720
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    • Value Estimation by Request
      45,461 SF

      200 Sylvan Rd

      SHOW ROOM, WAREHOUSE • 45,461 SF
      200 Sylvan Rd, Bangor, ME 04401-4221
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    • Value Estimation by Request
      16,640 SF

      35 Vly Vw Ln

      SHOW ROOM, WAREHOUSE • 16,640 SF
      35 Vly Vw Ln, Bangor, ME 04401-2989
      View Details
    • Value Estimation by Request
      4,536 SF

      1 Dillingham St

      SHOW ROOM, WAREHOUSE • 4,536 SF
      1 Dillingham St, Bangor, ME 04401-6803
      View Details

    Similar Nearby for Sale

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      Updated Commercial Building in Bangor

      Modern building with showroom, office, and garage space.
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      Warehouse/Showroom Building on Hammond Street

      Freestanding warehouse/showroom with service bays and ample parking.
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      Updated Commercial Building in Bangor

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    • $250,000
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      State Street Mixed-Use Opportunity

      Mixed-use building with retail space and apartment in Bangor.
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    • $2,600,000
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      Bangor Retail Building For Sale

      25,830 SF retail building in Bangor Mall District.
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      Bangor Mixed-Use Investment Opportunity

      State Street mixed-use building with retail and residential potential.
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    Similar Nearby for Lease

    • $144 SF/Yr
      28,837 SF

      Prime Bangor Commercial Space

      Iconic building, 28,837 sq ft, fully vacant.
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    • $14 SF/Yr
      8,015 SF

      Retail Space in Stillwater Avenue

      In-line retail space with central AC and garage access.
      1008-1026 Stillwater Ave, Bangor, ME 04401
      View Details
    • Contact for pricing
      3,000 SF

      Retail Space at Airport Mall

      Retail spaces available at a well-located shopping center.
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      View Details
    • Contact for pricing
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      Retail Space Near Bangor Mall

      Retail spaces available in multi-phased development near Bangor Mall.
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      Retail Building in Stillwater Corridor

      Freestanding retail building with high visibility and accessibility.
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    • Contact for pricing
      810 SF

      Retail Space Near I-95

      810 SF retail space with strong national tenancy.
      516 Stillwater Ave, Bangor, ME 04401
      View Details

    Property Visit Statistics

    • Visits by month
      814
    • Visitors by month
      146
    • Avg Time on site
      75 min
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    124 Banair Rd
    Bangor, ME 04401-8707
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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