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Property profile & analytics
OFF-MARKET
Estimated value
$1,305,000
Commercial real estate
174 Freeport Rd Freeport, ME 04032-6145
Entity Owned
5-yr Hold
Free & Clear
Property ID
US42-0469436
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1989
Total area
6,866 SF
Lot
4.92 ac (214,315 SF)
Zoning code
CM04
APN
FPRT M:25 B:12 L:0 U:0
UPID
US42-0469436
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
-
John Gordon Haldeman Physician
-
Sonnet Psychological Physician Medical Clinic
-
Baywood Business Service Center Corporate Office
-
Freeport Life Style Llc Medical Clinic Hospital
-
Hedge House Healing - Monique Lefebvre, LMT Alternative Medicine Practice Spa & Massage Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.31M
Comparable Approach
Comparable
$1.16M
Blend (final)
Blend
$1.31M
Owner & transaction history
Shady Ledge Lane LLC · 5 yrs held
Shady Ledge Lane LLC
since 2021
4 recorded transactions
Zoning & alternative use
CM04 · Freeport, ME
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Freeport submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Freeport 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%
$1,420,000
6.5%
$1,310,000
7%
$1,220,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,550,000
Current use
OFFICE BUILDING
$1,330,000
Change: -14% · Conversion: Easy
RETAIL STORES
$1,300,000
Change: -16% · Conversion: Easy
Blend value · Realmo final
$1.31M
Range $1.17M – $1.44M · ±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
$190 / 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
$27,177
Tax year 2023
Assessed value
$1,976,500
Assessed 2023
Previous assessed
$1,997,600
-1.1% YoY
Effective rate
1.38%
On assessed value
Assessed land
$494,500
Assessed improvement
$1,482,000
Applied tax rate
26,525.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1989
Heating
NONE
Cooling
YES
Buildings
3
Total area
6,866 SF
Lot
4.92 ac (214,315 SF)
Zoning code
CM04
APN
FPRT M:25 B:12 L:0 U:0
UPID
US42-0469436
Jurisdiction
FREEPORT
Zoning & alternative use
CM04 · Freeport, ME
Zoning CM04 · permitted uses
CM04 · Freeport, ME
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Freeport. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$1.6M
OFFICE BUILDING
Est. value
$1.3M
RETAIL STORES
Est. value
$1.3M
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
RETAIL STORES
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
1989
Heating
NONE
Cooling
Yes
Buildings
3
Lot
4.92 ac
Current owner
From public records · entity-resolved
Shady Ledge Lane LLC
Entity
Free & Clear · 5 yrs held
Mailing address
PO BOX 179, SOUTH FREEPORT, ME 04078-0179
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 1, 2021
—
Shady Ledge Lane LLC
Custom Prop&dev
Quit Claim Deed
related
—
Oct 10, 2019
—
Custom Property&dev
—
Deed
related
$500,000 · Biddeford Savings Bank
Nov 30, 2017
—
Custome Property&dev
—
Deed
related
$250,000 · Biddeford Savings Bk
Aug 12, 2005
—
Custom Prop
—
Deed Of Trust
related
$2,100,000 · Maine Bank & Trust Co
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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