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Property profile & analytics
FOR LEASE
Super regional malls
235 Camden St, Rockland, ME 04841
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US42-0528402
For Lease
1 / 9
$11 SF/Yr
235 Camden St, Rockland, ME 04841
View Listing →
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
1987
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
170,216 SF
Lot
17.2 ac (749,232 SF)
APN
ROCD M:034A L:02000
UPID
US42-0528402
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
-
Shaw's Osco Pharmacy Pharmacy
-
Staples (Bike/Boat/Book/etc) Store
-
Harbor Plaza Shopping Center & Mall
-
UPS Alliance Shipping Partner Courier Service Postal Service
-
Western Union Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.10M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.04M
Owner & transaction history
Treadstone LLC · 3 yrs held
Treadstone LLC
since 2022
Last sale
$4.0M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Rockland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Rockland 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
$4,080,000
ML approach
$4,100,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$6,165,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$4.04M
Range $3.63M – $4.44M · ±10% · vs last sale $3.98M (Sep 30 2022)
Last sale anchor
$3.98M
Sep 30 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
$24 / 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
$311,309
Tax year 2023
Assessed value
$12,826,900
Assessed 2023
Previous assessed
$12,826,900
+0.0% YoY
Effective rate
2.43%
On assessed value
Assessed land
$2,625,800
Assessed improvement
$10,201,100
Applied tax rate
63,590.0000
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
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
For Lease
Year built
1987
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
14
Total area
170,216 SF
Lot
17.2 ac (749,232 SF)
APN
ROCD M:034A L:02000
UPID
US42-0528402
Jurisdiction
ROCKLAND
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL)
Est. value
$6.2M
INDUSTRIAL (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
1987
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
14
Lot
17.2 ac
Current owner
From public records · entity-resolved
Treadstone LLC
Entity
Mailing address
235 CAMDEN ST, ROCKLAND, ME 04841-2563
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 30, 2022
$1,658,954
Treadstone LLC
Samuel W Morris
Quit Claim Arm's Length For Ne States
—
Sep 30, 2022
$1,658,884
Treadstone LLC
Joshua B Morris
Quit Claim Arm's Length For Ne States
—
Sep 30, 2022
$3,982,202
Treadstone LLC
Susan B Morris
Quit Claim Arm's Length For Ne States
$10,950,000 · Mechanics Savings Bank
Sep 30, 2022
$7,299,960
Treadstone LLC
John D Morris
Quit Claim Arm's Length For Ne States
—
Sep 30, 2022
—
John D Morris
Harbor Plaza LLC
Quit Claim Deed
related
—
May 9, 2017
—
Harbor Plaza LLC
—
Deed
related
$9,200,000 · Td Bank NA
May 2, 2013
—
Harbor Plaza LLC
—
Deed Of Trust
related
$9,200,000 · Td Bank NA
May 9, 2008
—
Harbor Plaza LLC
—
Deed Of Trust
related
$1,000,000 · Salem Five Cents Savings Bank
Jul 29, 2005
—
Street Land T Camden
Smith,roger
Warranty Deed
related
—
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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