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    Property profile & analytics

    16 Millon Ln Deer Isle, ME 04627

    • Commercial real estate
    • 2,811 SF
    • 1.80 lot acres
    OFF-MARKET
    Value Estimation
    $720,000
    Last Sale
    Jun 21, 2022
    $789,750
    Location Intelligence
    Property ID
    US42-0636104
    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

    • Isalis / Gift Shop / Boutique
    • Party City / Party Store / Balloon Store
    • Skunk Funk / Wholesaler / Clothing Store
    • Carl's Trading Co / Hat Shop
    • Bushka's Kitchen LLC / Outdoor Clothing And Equipment Shop

    Property Details for 16 Millon Ln

    Year built
    1998
    Construction
    CONCRETE
    Lot size
    1.80 lot acres
    Property size
    2,811 SF
    Property type
    Commercial real estate
    APN
    DEEE M:002 L:046-01
    APU
    DEEEM002L04601

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $635,000

    • CAP approach

      CAP return
      Estimation
      6%
      $855,000
      6.5%
      $805,000
      7%
      $855,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $840,000
      Geo Method
      $695,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $960,000
      Retail
      $780,000
      Mixed-Use
      $885,000
      Hospitality
      $925,000
      Educational
      $700,000
      Residential Income
      $750,000
      Energy
      $960,000
      Income-Based Land
      $825,000
      Food Service
      $825,000

    Location Insight

    • Map
    • Local Demand
    City
    Deer Isle
    County
    Hancock
    State
    Maine
    Longitude
    -68.7261
    Latitude
    44.2248

    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
    $6,332
    $315,000
    $468,700
    $783,700
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $410,000
      1,716 SF

      60 Osprey Pt Dr

      COMMERCIAL (GENERAL) • 1,716 SF
      60 Osprey Pt Dr, Deer Isle, ME 04627-4052
      View Details
    • Value Estimation by Request
      990 SF

      737 Deer Isle Rd

      COMMERCIAL (GENERAL) • 990 SF
      737 Deer Isle Rd, Deer Isle, ME 04627
      View Details
    • Value Estimation
      $330,000
      662 SF

      50 Brg St

      COMMERCIAL (GENERAL) • 662 SF
      50 Brg St, Deer Isle, ME 04627-3892
      View Details
    • Value Estimation
      $365,000
      1,541 SF

      273 Dunham Pt Rd

      COMMERCIAL (GENERAL) • 1,541 SF
      273 Dunham Pt Rd, Deer Isle, ME 04627-3822
      View Details
    • Value Estimation by Request
      2,635 SF

      48 Clark Ln

      COMMERCIAL (GENERAL) • 2,635 SF
      48 Clark Ln, Deer Isle, ME 04627-3801
      View Details
    • Value Estimation by Request
      1,032 SF

      148 Dow Rd

      COMMERCIAL (GENERAL) • 1,032 SF
      148 Dow Rd, Deer Isle, ME 04627-3408
      View Details
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    16 Millon Ln
    Deer Isle, ME 04627
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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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