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Property profile & analytics
OFF-MARKET
Estimated value
$1,550,000
Office buildings
1423 Broadway Bangor, ME 04401-2467
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US42-0486699
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2007
Total area
11,512 SF
Lot
2.75 ac (119,790 SF)
Zoning code
S&PS
APN
BANG M:070 L:102
UPID
US42-0486699
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
US Consolidated Farm Services Agency Sustainability Organization
-
USDA Natural Resources Conservation Service Sustainability Organization
-
Penobscot County Soil & Water Conservation District County Government Office
-
USDA Rural Development Urban Planning Department
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.41M
Blend (final)
Blend
$1.55M
Owner & transaction history
Osborne Family Farm INC
Osborne Family Farm INC
since 2026
7 recorded transactions
Zoning & alternative use
S&PS · Bangor, ME
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.3M
+38.6%
Retail stores
$1.2M
+28.5%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Bangor submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bangor submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,280,000
Change: +39% · Conversion: Easy
RETAIL STORES
$1,185,000
Change: +28% · Conversion: Moderate
Blend value · Realmo final
$1.55M
Range $1.40M – $1.71M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$135 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$33,880
Tax year 2023
Assessed value
$1,769,200
Assessed 2023
Previous assessed
$1,714,800
+3.2% YoY
Effective rate
1.91%
On assessed value
Assessed land
$415,500
Assessed improvement
$1,353,700
Applied tax rate
2,795.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2007
Heating
NONE
Total area
11,512 SF
Lot
2.75 ac (119,790 SF)
Zoning code
S&PS
APN
BANG M:070 L:102
UPID
US42-0486699
Jurisdiction
BANGOR
Zoning & alternative use
S&PS · Bangor, ME
Zoning S&PS · permitted uses
S&PS · Bangor, ME
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Bangor. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$1.3M
RETAIL STORES
Est. value
$1.2M
COMMERCIAL (GENERAL)
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2007
Heating
NONE
Lot
2.75 ac
Current owner
From public records · entity-resolved
Osborne Family Farm INC
Entity
Mailing address
2402 RTE 2ND G STE G, HERMON, ME 04401-0666
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 17, 2026
—
Osborne Family Farm INC
—
Deed
related
$13,943 · United States Of Amer
Aug 15, 2025
—
Broadway Holdings LLC
—
Deed
related
$3,000,000 · Bangor Savings Bank
Aug 29, 2018
—
Broadway Holdings LLC
—
Deed
related
$999,900 · Bangor Svgs Bk
Apr 16, 2013
—
Broadway Holdings LLC
—
Deed Of Trust
related
$1,000,000 · Bangor Savings Bank
Jun 3, 2011
—
Broadway Holdings LLC
—
Deed Of Trust
related
$500,000 · Bangor Savings Bank
Jan 29, 2008
—
Broadway Holdings LLC
—
Deed Of Trust
related
$1,350,000 · Savings Bank Of Maine
—
—
Broadway Holdings LLC
—
Loan Modification
related
$999,900 · Bangor Svgs Bk
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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