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Property profile & analytics
OFF-MARKET
Estimated value
$635,000
Retail space
15 State St Bangor, ME 04401-5103
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US42-0356429
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1912
Total area
8,496 SF
Lot
0.07 ac (3,049 SF)
Zoning code
DDD
APN
BANG M:042 L:224
UPID
US42-0356429
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
-
Ellen Groleau Therapeutic Bodywork Alternative Medicine Practice Spa & Massage Center
-
Heather Bass Lcpc Psychotherapist
-
Grenier Amy Family Counselor
-
Baeza Maria M Counselor
-
Grayce Bridal & Formal | Bangor Clothing & Fashion Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$691k
Blend (final)
Blend
$635k
Owner & transaction history
Stephen Davis · 2 yrs held
Stephen Davis
since 2024
6 recorded transactions
Zoning & alternative use
DDD · Bangor, ME
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$945,000
+7.9%
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
RETAIL STORES
$875,000
Current use
COMMERCIAL (GENERAL)
$945,000
Change: +8% · Conversion: Easy
Blend value · Realmo final
$635k
Range $572k – $699k · ±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
$75 / 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
$8,732
Tax year 2023
Assessed value
$442,600
Assessed 2023
Previous assessed
$442,600
+0.0% YoY
Effective rate
1.97%
On assessed value
Assessed land
$35,800
Assessed improvement
$406,800
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1912
Heating
FORCED AIR
Total area
8,496 SF
Lot
0.07 ac (3,049 SF)
Zoning code
DDD
APN
BANG M:042 L:224
UPID
US42-0356429
Jurisdiction
BANGOR
Zoning & alternative use
DDD · Bangor, ME
Zoning DDD · permitted uses
DDD · 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
RETAIL STORES Current
Est. value
$875,000
COMMERCIAL (GENERAL)
Est. value
$945,000
RETAIL STORES Current
COMMERCIAL (GENERAL)
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
1912
Heating
FORCED AIR
Lot
0.07 ac
Current owner
From public records · entity-resolved
Stephen Davis
Individual
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 22, 2024
—
Freedom Property Mgmt LLC
—
Deed
related
$195,600 · Machias Savings Bank
Feb 22, 2024
—
Stephen Davis
Robbins Lauris J Est
Personal Representative Deed
—
Jun 30, 2022
—
Alyx Knowles
Richardson Barry J Est
Personal Representative Deed
—
Jun 27, 2019
—
Freedom Property Mgmt
—
Deed
related
$457,450 · Machias Savings Bank
Jul 2, 2015
—
Freedom Property Mgmt LLC
Bangor Property Dev LLC
Quit Claim Deed
related
$482,000 · Keybank USA
Jun 1, 2006
—
Sleeper&thareja LLC
—
Deed Of Trust
related
$215,000 · Bangor Savings Bank
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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