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    Property profile & analytics

    17 Merrill Dr Rockland, ME 04841-2142

    • Industrial properties
    • 22,497 SF
    • 2.16 lot acres
    OFF-MARKET
    Value Estimation
    $605,000
    Last Sale
    Jun 02, 2020
    Location Intelligence
    Property ID
    US42-0480933
    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

    • Industrial properties

    Property Details for 17 Merrill Dr

    Year built
    1983
    Construction
    STEEL FRAME
    Lot size
    2.16 lot acres
    Property size
    22,497 SF
    Property type
    Industrial properties
    APN
    ROCD M:061C L:10000
    APU
    ROCDM061CL10000

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $620,000

    • CAP approach

      CAP return
      Estimation
      6%
      $720,000
      6.5%
      $610,000
      7%
      $675,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $580,000
      Geo Method
      $715,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $545,000
      Retail
      $740,000
      Mixed-Use
      $690,000
      Hospitality
      $575,000
      Educational
      $535,000
      Residential Income
      $555,000
      Energy
      $550,000
      Income-Based Land
      $615,000
      Food Service
      $690,000

    Location Insight

    • Map
    • Local Demand
    City
    Rockland
    County
    Knox
    State
    Maine
    Longitude
    -69.117
    Latitude
    44.0883
    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
    $17,885
    $95,300
    $641,600
    $736,900
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $55,000
      2,564 SF

      1 Farwell Dr

      INDUSTRIAL (GENERAL) • 2,564 SF
      1 Farwell Dr, Rockland, ME 04841-6313
      View Details
    • Value Estimation
      $275,000
      0.87 Acres

      11 Merrill Dr

      INDUSTRIAL (GENERAL) • 0.87 Acres
      11 Merrill Dr, Rockland, ME 04841-2142
      View Details
    • Value Estimation by Request
      66,328 SF

      19 Lime St

      INDUSTRIAL (GENERAL) • 66,328 SF
      19 Lime St, Rockland, ME 04841
      View Details
    • Value Estimation
      $445,000
      10,948 SF

      1 Gordon Dr

      INDUSTRIAL (GENERAL) • 10,948 SF
      1 Gordon Dr, Rockland, ME 04841-2138
      View Details
    • Value Estimation
      $795,000
      45,040 SF

      10 Gordon Dr

      INDUSTRIAL (GENERAL) • 45,040 SF
      10 Gordon Dr, Rockland, ME 04841-2137
      View Details
    • Value Estimation
      $995,000
      57,675 SF

      12 Merrill Dr

      INDUSTRIAL (GENERAL) • 57,675 SF
      12 Merrill Dr, Rockland, ME 04841
      View Details

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    Similar Nearby for Lease

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      13,421± SF mixed-use property on 11.79± acres for sale/lease.
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      View Details
    • Contact for pricing
      19,000 SF

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    • $3,500 /Mo
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      Retail Space on Main Street

      Retail space for lease in Rockland, Maine with 1,383 SF.
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    • $8 SF/Yr
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      6,765 sq ft, 95 parking spaces, high visibility.
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      High-traffic retail space with national tenants in Rockland, Maine.
      235 Camden Street Ter, Rockland, ME 04841
      View Details
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    Rockland, ME 04841-2142
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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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