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Property profile & analytics
OFF-MARKET
Estimated value
$8,240,000
Office buildings
19 Maine Ave Bangor, ME 04401-4318
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US42-0368599
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1993
Total area
45,904 SF
Lot
5.86 ac (255,262 SF)
Zoning code
T&SD
APN
BANG M:001 L:015
UPID
US42-0368599
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
-
ATM Atm
-
Maine Department of Health and Human Services Government Office
-
Mecdc Division Of Public Health Nursing Health
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.88M
CAP Approach
CAP
$10.65M
Comparable Approach
Comparable
$5.01M
Blend (final)
Blend
$8.24M
Owner & transaction history
Cpi Bangor 1 LLC · 4 yrs held
Cpi Bangor 1 LLC
since 2022
Last sale
$8.3M
1 recorded transaction
Zoning & alternative use
T&SD · Bangor, ME
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$5.1M
+38.6%
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 Bangor submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bangor 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
$8,485,000
ML approach
$7,875,000
CAP Approach
CAP Return
Estimation
6%
$11,535,000
6.5%
$10,650,000
7%
$9,890,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$5,100,000
Change: +39% · Conversion: Easy
Blend value · Realmo final
$8.24M
Range $7.42M – $9.06M · ±10% · vs last sale $8.30M (May 11 2022)
Last sale anchor
$8.30M
May 11 2022
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
$180 / 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
$111,968
Tax year 2023
Assessed value
$5,846,900
Assessed 2023
Previous assessed
$5,354,300
+9.2% YoY
Effective rate
1.91%
On assessed value
Assessed land
$634,900
Assessed improvement
$5,212,000
Applied tax rate
2,795.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1993
Heating
FORCED AIR
Total area
45,904 SF
Lot
5.86 ac (255,262 SF)
Zoning code
T&SD
APN
BANG M:001 L:015
UPID
US42-0368599
Jurisdiction
BANGOR
Zoning & alternative use
T&SD · Bangor, ME
Zoning T&SD · permitted uses
T&SD · Bangor, ME
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Bangor. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$5.1M
COMMERCIAL (GENERAL)
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
1993
Heating
FORCED AIR
Lot
5.86 ac
Current owner
From public records · entity-resolved
Cpi Bangor 1 LLC
Entity
Mailing address
19 MAINE AVE, BANGOR, ME 04401-4318
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 11, 2022
$8,300,000
Cpi Bangor 1 LLC
Maine Avenue LLC
Quit Claim Arm's Length For Ne States
$4,980,000 · Td Bank NA
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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