Individually Owned 
For Sale
1 / 87
$452,500
185 W Main St, Stockton Springs, ME 04981
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Property summary
AI-generated overview
The Griffin building is a four-unit multi-use property with a total floor area of 3,246 square feet. It was originally designed and constructed by ship builders and was fully renovated in 2003, including updates to plumbing, electrical systems, and window replacements. The building has a roof system that includes an asphalt roof installed in 2001 and a metal roof installed in 2014, and the heating equipment (furnace) is maintained on an annual basis. The unit mix consists of two first-floor one-bedroom, one-bathroom apartments (front and back), a second-floor two-bedroom, one-bathroom unit, and a third-floor oversized studio with one bathroom. Two of the units include dishwashers, and there is on-site coin-operated laundry service. The first-floor front unit has been used for business purposes and is also configured as an apartment. The property is located within walking distance of the ocean and is near Belfast, Bucksport, and Bangor.
Property profile
Verified
Property type
Other investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1870
Construction
BRICK
Total area
2,828 SF
Lot
0.08 ac (3,485 SF)
Zoning code
RB
APN
STOS M:U6 L:043
UPID
US42-0797117
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Alternative Medicine Practice
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$255k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$255k
Owner & transaction history
since 2024
1 recorded transaction
Zoning & alternative use
RB · Stockton Springs, ME
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 5 comparables with addresses
Sensitivity value band
Source audit · 6 inputs
PDF export
Professional Plan · 30 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$255k
Value range
$230k – $281k
±10% around blend
Estimated value / SF
$90 / SF
Confidence
High
5 county-verified comps
Property data
100
Comparable evidence
50
$230k
blend $255k
$281k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
2,828 SF
Lot area
0.08 ac
Year built
1870
Stories
2
APN
STOS M:U6 L:043
Zoning
RB
Assessed value
$192,980
Annual tax
$4,284
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$420k
Weighted, 5 comps · high confidence
Evidence
5 found · 5 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
10.5 mi away · 2,230 SF
21.5 mi away · 2,644 SF
22.1 mi away · 2,030 SF
22.4 mi away · 2,482 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$255k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 5 sales
Market rates by use type
PDF export
Professional Plan · 30 reports
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$193k
Move the market yield to see immediate price impact.
Value / SF
$68
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$12k
$243k
$174k
$135k
$14k
$270k
$193k
$150k
$15k
$297k
$212k
$165k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
5 found
High confidence · county-verified
Closest comparable
$328k
0.2 mi · Apr 2026 · $144/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$4,284
Tax year 2023
Assessed value
$192,980
Assessed 2023
Previous assessed
$192,980
+0.0% YoY
Effective rate
2.22%
On assessed value
Assessed land
$21,530
Assessed improvement
$171,450
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Other investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
For Sale
Year built
1870
Construction
BRICK
Heating
HOT WATER
Stories
2
Units
3
Rooms
9
Total area
2,828 SF
Lot
0.08 ac (3,485 SF)
Zoning code
RB
APN
STOS M:U6 L:043
UPID
US42-0797117
Jurisdiction
STOCKTON SPRINGS
Zoning & alternative use
RB · Stockton Springs, MEZoning RB · permitted uses
RB · Stockton Springs, ME
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
1870
Construction
BRICK
Heating
HOT WATER
Stories
2
Units
3
Rooms
9
Lot
0.08 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
RB
Jurisdiction
Stockton Springs, ME
Recorded code
RB
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for RB in Stockton Springs, ME.
What opens after registration
Zoning profile
3 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 30 · 300 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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