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    Property profile & analytics

    15 Ml St Orono, ME 04473-4034

    • Turn key restaurants
    • 5,982 SF
    • 0.09 lot acres
    OFF-MARKET
    Value Estimation
    $345,000
    Location Intelligence
    Property ID
    US42-0492597
    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

    • Margaritas Mexican Restaurant / Mexican Restaurant / Bar

    Property Details for 15 Ml St

    Year built
    1920
    Lot size
    0.09 lot acres
    Property size
    5,982 SF
    Property type
    Turn key restaurants
    APN
    ORON M:027-012 L:008
    APU
    ORONM027012L008

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Orono
    County
    Penobscot
    State
    Maine
    Longitude
    -68.6715
    Latitude
    44.8832
    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
    $10,553
    $44,900
    $406,100
    $451,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $305,000
      3,246 SF

      154 Park St

      RESTAURANT • 3,246 SF
      154 Park St, Orono, ME 04473-4600
      View Details
    • Value Estimation by Request
      1,904 SF

      12 Stillwater Ave

      RESTAURANT • 1,904 SF
      12 Stillwater Ave, Orono, ME 04473-3453
      View Details
    • Value Estimation
      $335,000
      1,997 SF

      10 Stillwater Ave

      RESTAURANT • 1,997 SF
      10 Stillwater Ave, Orono, ME 04473-3453
      View Details
    • Value Estimation
      $315,000
      2,014 SF

      31 Main St

      RESTAURANT • 2,014 SF
      31 Main St, Orono, ME 04473-4001
      View Details
    • Value Estimation
      $325,000
      3,650 SF

      240 Main St

      AUTO REPAIR, GARAGE • 3,650 SF
      240 Main St, Orono, ME 04473
      View Details
    • Value Estimation by Request
      16,696 SF

      15 Main St

      FINANCIAL BUILDING • 16,696 SF
      15 Main St, Orono, ME 04473-4000
      View Details

    Similar Nearby for Sale

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      1.86 Acres

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      Two-acre lot on a quiet street in Orono, Maine.
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      View Details
    • $249,900
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      Orono Duplex with Commercial Zoning

      Spacious duplex in Orono's heart, zoned commercial, near University of Maine.
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    • $75,000
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      Orono, ME 1.3-Acre Lot

      1.3-acre lot near Pushaw Lake, ideal for cabin or camp.
      Gould Rd, Orono, ME 04473
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    • $59,900
      1.98 Acres

      Wooded Lot in Quiet Orono

      Two-acre wooded lot perfect for building a new home.
      14 Grant Rd, Orono, ME 04473
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    • $138,000
      11.60 Acres

      Orono Land For Sale

      Wooded 11.6 acre lot with access to Orono & Bangor.
      Kelly Rd, Orono, ME 04473
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    Similar Nearby for Lease

    • Contact for pricing
      1,600 SF

      Retail Space in Orono, Maine

      Retail space available in a high-traffic Orono location.
      6 Stillwater Ave, Orono, ME 04473
      View Details
    • Contact for pricing
      8,968 SF

      Redeveloped Office Space in Orono

      Class-A office space available for rent in Orono, Maine.
      3 Godfrey Dr, Orono, ME 04473
      View Details

    Property Visit Statistics

    • Visits by month
      3.8k
    • Visitors by month
      2.1k
    • Avg Time on site
      67 min
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    15 Ml St
    Orono, ME 04473-4034
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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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