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    Property profile & analytics

    168 Payson Rd Union, ME 04862

    • Retail space
    • 0.36 lot acres
    For Sale
    View listing
    $340,000
    Value Estimation
    Location Intelligence
    Property ID
    US42-0362731
    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

    • Retail space

    Property Details for 168 Payson Rd

    Lot size
    0.36 lot acres
    Property type
    Retail space
    APN
    UNNN M:018 L:003
    APU
    UNNNM018L003

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Union
    County
    Knox
    State
    Maine
    Longitude
    -69.2244
    Latitude
    44.2141
    CBSA code
    40500
    CBSA name
    ROCKLAND, ME MICROPOLITAN 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
    $1,381
    $48,900
    $40,200
    $89,100
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      18,300 SF

      749 Heald Hwy

      Individual retail properties • 18,300 SF
      749 Heald Hwy, Union, ME 04862
      View Details
    • Value Estimation
      $610,000
      1.42 Acres

      1396 Heald Hwy

      RETAIL STORES (PERSONAL SERVICES) • 1.42 Acres
      1396 Heald Hwy, Union, ME 04862-4416
      View Details
    • Value Estimation
      $220,000
      35.50 Acres

      2179 Heald Hwy

      RETAIL STORES (PERSONAL SERVICES) • 35.50 Acres
      2179 Heald Hwy, Union, ME 04862-4807
      View Details
    • Value Estimation
      $3,950,000
      0.97 Acres

      1923 Heald Hwy

      RETAIL STORES (PERSONAL SERVICES) • 0.97 Acres
      1923 Heald Hwy, Union, ME 04862-4864
      View Details
    • Value Estimation
      $265,000
      0.30 Acres

      301 Cmn Rd

      RETAIL STORES (PERSONAL SERVICES) • 0.30 Acres
      301 Cmn Rd, Union, ME 04862
      View Details
    • Value Estimation by Request
      1.53 Acres

      1718 Heald Hwy

      RETAIL STORES (PERSONAL SERVICES) • 1.53 Acres
      1718 Heald Hwy, Union, ME 04862-4421
      View Details

    Similar Nearby for Sale

    • $340,000
      3,285 SF

      Historic Grist Mill with Water Rights

      Iconic grist mill with water rights in East Union Village.
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      A 10-acre wooded parcel suitable for a quiet homesite.
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      View Details
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    168 Payson Rd
    Union, ME 04862
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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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