Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    18 Central St Rockport, ME 04856-5936

    Meet Realmo: The Largest Hub of Commercial Real Estate in the US

    Over 1 million active listings and over 150 million property profiles

    Property profile & analytics

    18 Central St Rockport, ME 04856-5936

    View on Map
    • Showrooms
    • 10,805 SF
    • 0.05 lot acres
    Off-Market
    Property ID
    US42-0472636
    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.
    Value Estimations
    $1,250,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • 18 Central Oyster Bar & Grill / Bar & Pub / Restaurant
    • Birch Point Wealth Management LLC / Financial Advisor
    • Coastal Family Hospice / Nursing Home
    • Cutting Room / Hair Salon / Nail Salon

    Property Details for 18 Central St

    Year built
    1900
    Construction
    FRAME
    Lot size
    0.05 lot acres
    Property size
    10,805 SF
    Property type
    Showrooms
    APN
    ROCT M:029 B:291
    APU
    ROCTM029B291

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,344,000
      Market price range: $567k - $1.60M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $1,630,000
      Current use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Rockport
    County
    Knox
    State
    Maine
    Longitude
    -69.0718
    Latitude
    44.1874
    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
    2022
    $23,890
    $555,200
    $991,100
    $1,546,300
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      4,250 SF

      8 Rockport Park Ctr

      SHOW ROOM, WAREHOUSE • 4,250 SF
      8 Rockport Park Ctr, Rockport, ME 04856-4454
      View Details
    • Value Estimation by Request
      3,816 SF

      26 Liberty St

      SHOW ROOM, WAREHOUSE • 3,816 SF
      26 Liberty St, Rockport, ME 04856
      View Details
    • Value Estimation by Request
      2,068 SF

      881 Ww St

      SHOW ROOM, WAREHOUSE • 2,068 SF
      881 Ww St, Rockport, ME 04856-5152
      View Details
    • Value Estimation by Request
      3,488 SF

      68 Ben Paul Ln

      SHOW ROOM, WAREHOUSE • 3,488 SF
      68 Ben Paul Ln, Rockport, ME 04856-4452
      View Details
    • Value Estimation by Request
      6,880 SF

      618 Ww St

      SHOW ROOM, WAREHOUSE • 6,880 SF
      618 Ww St, Rockport, ME 04856-5305
      View Details
    • Value Estimation
      $1,015,000
      9,325 SF

      162 Russell Ave

      SHOW ROOM, WAREHOUSE • 9,325 SF
      162 Russell Ave, Rockport, ME 04856
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      24,779 SF

      Mixed-Use Property in Midcoast Maine

      24,779± SF mixed-use property with office, retail, warehouse, residential buildings.
      680 Commercial St, Rockport, ME 04856
      View Details
    • $100,000
      2,160 SF

      Rockport Commercial Building on Acreage

      Commercial building on .64 acres with high visibility and access.
      407 West St, Rockport, ME 04856
      View Details
    • $195,000
      1,514 SF

      Rockport Retail Space - High Visibility

      Prime Route 17 Retail/Office Opportunity
      638 Rockland St, Rockport, ME 04856
      View Details
    • $2,850,000
      10,812 SF

      Renovated Hotel in Midcoast Maine

      20-key hotel with additional residence near Camden and Rockland.
      337 Commercial St, Rockport, ME 04856
      View Details
    • $78,900
      1.79 Acres

      Rockport Land with Cleared Lot

      1.79± acre cleared lot in Rockport, Maine.
      671 Rockland St, Rockport, ME 04856
      View Details
    • New
      $540,000
      8,098 SF

      Route One Commercial Building

      Commercial building with office spaces and residential unit for sale.
      731 Commercial St, Rockport, ME 04856
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    18 Central St
    Rockport, ME 04856-5936
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    18 Central St, Rockport, ME, 04856
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!