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    Property profile & analytics

    2 Ml St Orono, ME 04473-5050

    • Investment properties
    • 4,178 SF
    • 0.10 lot acres
    OFF-MARKET
    Value Estimation
    $320,000
    Location Intelligence
    Property ID
    US42-0333639
    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

    • Tacorita / Mexican Restaurant / Takeout Restaurant

    Property Details for 2 Ml St

    Year built
    1890
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.10 lot acres
    Property size
    4,178 SF
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    ORON M:027-012 L:019
    APU
    ORONM027012L019

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $290,000

    • CAP approach

      CAP return
      Estimation
      6%
      $385,000
      6.5%
      $395,000
      7%
      $390,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $330,000
      Geo Method
      $390,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $435,000
      Retail
      $410,000
      Mixed-Use
      $365,000
      Hospitality
      $365,000
      Educational
      $420,000
      Residential Income
      $425,000
      Energy
      $415,000
      Income-Based Land
      $445,000
      Food Service
      $415,000

    Location Insight

    • Map
    • Local Demand
    City
    Orono
    County
    Penobscot
    State
    Maine
    Longitude
    -68.6718
    Latitude
    44.8836
    CBSA code
    12620
    CBSA name
    BANGOR, ME METROPOLITAN 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
    $7,296
    $44,900
    $266,900
    $311,800
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $275,000
      2,655 SF

      24 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,655 SF
      24 Main St, Orono, ME 04473-4006
      View Details
    • Value Estimation
      $280,000
      1,800 SF

      28 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,800 SF
      28 Main St, Orono, ME 04473-4006
      View Details
    • Value Estimation
      $340,000
      2,997 SF

      42 Ml St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,997 SF
      42 Ml St, Orono, ME 04473-4039
      View Details
    • Value Estimation
      $355,000
      10,908 SF

      11 Ml St

      OFFICE/RESIDENTIAL (MIXED USE) • 10,908 SF
      11 Ml St, Orono, ME 04473-4034
      View Details
    • Value Estimation
      $270,000
      2,368 SF

      18 Ml St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,368 SF
      18 Ml St, Orono, ME 04473-4039
      View Details
    • Value Estimation by Request
      22.27 Acres

      20 Stillwater Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 22.27 Acres
      20 Stillwater Ave, Orono, ME 04473-3454
      View Details

    Similar Nearby for Sale

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      1.30 Acres

      Orono, ME 1.3-Acre Lot

      1.3-acre lot near Pushaw Lake, ideal for cabin or camp.
      Gould Rd, Orono, ME 04473
      View Details
    • $59,900
      1.86 Acres

      Secluded Buildable Lot in Orono

      Two-acre lot on a quiet street in Orono, Maine.
      12 Grant Rd, Orono, ME 04473
      View Details
    • $249,900
      4,104 SF

      Orono Duplex with Commercial Zoning

      Spacious duplex in Orono's heart, zoned commercial, near University of Maine.
      7 Forest Ave, Orono, ME 04473
      View Details
    • $59,900
      1.98 Acres

      Wooded Lot in Quiet Orono

      Two-acre wooded lot perfect for building a new home.
      14 Grant Rd, Orono, ME 04473
      View Details
    • $138,000
      11.60 Acres

      Orono Land For Sale

      Wooded 11.6 acre lot with access to Orono & Bangor.
      Kelly Rd, Orono, ME 04473
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,600 SF

      Retail Space in Orono, Maine

      Retail space available in a high-traffic Orono location.
      6 Stillwater Ave, Orono, ME 04473
      View Details
    • Contact for pricing
      8,968 SF

      Redeveloped Office Space in Orono

      Class-A office space available for rent in Orono, Maine.
      3 Godfrey Dr, Orono, ME 04473
      View Details

    Property Visit Statistics

    • Visits by month
      3.6k
    • Visitors by month
      3.2k
    • Avg Time on site
      11 min
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    2 Ml St
    Orono, ME 04473-5050
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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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