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    Property profile & analytics

    224 Main St Damariscotta, ME 04543-4671

    • Office buildings
    • 2,880 SF
    • 0.29 lot acres
    OFF-MARKET
    Value Estimation
    $325,000
    Location Intelligence
    Property ID
    US42-0222922
    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

    • Whitney William J DDS / Dentist
    • Blue Fern Design / Store

    Property Details for 224 Main St

    Year built
    1878
    Construction
    BRICK
    Lot size
    0.29 lot acres
    Property size
    2,880 SF
    Zone code
    RB
    Property type
    Office buildings
    APN
    DAMA M:006 L:081
    APU
    DAMAM006L081

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Damariscotta
    County
    Lincoln
    State
    Maine
    Longitude
    -69.5298
    Latitude
    44.0324

    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
    $5,181
    $101,000
    $210,200
    $311,200
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      7,697 SF

      241 Us Rte 1st 1

      OFFICE BUILDING • 7,697 SF
      241 Us Rte 1st 1, Damariscotta, ME 04543-4715
      View Details
    • Value Estimation
      $725,000
      2,864 SF

      20 Vine St

      OFFICE BUILDING • 2,864 SF
      20 Vine St, Damariscotta, ME 04543-4703
      View Details
    • Value Estimation
      $270,000
      1,984 SF

      242 Main St

      OFFICE BUILDING • 1,984 SF
      242 Main St, Damariscotta, ME 04543
      View Details
    • Value Estimation
      $295,000
      3,134 SF

      15 Belvedere Rd

      OFFICE BUILDING • 3,134 SF
      15 Belvedere Rd, Damariscotta, ME 04543-4644
      View Details
    • Value Estimation
      $335,000
      4,146 SF

      54 Biscay Rd

      OFFICE BUILDING • 4,146 SF
      54 Biscay Rd, Damariscotta, ME 04543-4227
      View Details
    • Value Estimation
      $800,000
      24,680 SF

      464 Main St

      OFFICE BUILDING • 24,680 SF
      464 Main St, Damariscotta, ME 04543-4677
      View Details

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    224 Main St
    Damariscotta, ME 04543-4671
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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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