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Property profile & analytics
OFF-MARKET
Estimated value
$440,000
Showrooms
24 Larkin St Bangor, ME 04401-6205
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US42-0009918
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1907
Total area
13,032 SF
Lot
0.55 ac (23,958 SF)
Zoning code
M&SD
APN
BANG M:025 L:063
UPID
US42-0009918
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.15M
Blend (final)
Blend
$440k
Owner & transaction history
A&l Webster LLC · 7 yrs held
A&l Webster LLC
since 2018
7 recorded transactions
Zoning & alternative use
M&SD · Bangor, ME
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 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,450,000
Current use
RETAIL STORES
$1,340,000
Change: -7% · Conversion: Easy
Blend value · Realmo final
$440k
Range $396k – $484k · ±10%
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
$34 / 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
$13,369
Tax year 2023
Assessed value
$698,100
Assessed 2023
Previous assessed
$583,400
+19.7% YoY
Effective rate
1.92%
On assessed value
Assessed land
$43,300
Assessed improvement
$654,800
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1907
Heating
HOT WATER
Units
9
Total area
13,032 SF
Lot
0.55 ac (23,958 SF)
Zoning code
M&SD
APN
BANG M:025 L:063
UPID
US42-0009918
Jurisdiction
BANGOR
Zoning & alternative use
M&SD · Bangor, MEZoning M&SD · permitted uses
M&SD · Bangor, ME
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
COMMERCIAL (GENERAL) Current
Est. value
$1.5M
RETAIL STORES
Est. value
$1.3M
COMMERCIAL (GENERAL) Current
RETAIL STORES
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
1907
Heating
HOT WATER
Units
9
Lot
0.55 ac
Current owner
From public records · entity-resolved
A&l Webster LLC
Entity
Mailing address
829 HOGAN RD, BANGOR, ME 04401-3669
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 12, 2024
—
A & L Webster LLC
—
Deed
related
$800,160 · Machias Savings Bank
Aug 31, 2018
—
A&l Webster LLC
Coastal Enterprises INC
Quit Claim Arm's Length For Ne States
$472,000 · First Natl Bk
Jun 14, 2011
—
William A Masters
—
Deed Of Trust
related
$680,000 · Misc Other
Apr 5, 2010
—
William A Masters
—
Deed Of Trust
related
$20,000 · Peoples Bank
Aug 14, 2008
—
William A Masters
—
Deed Of Trust
related
$450,000 · Merrill Merchants Bank
Jun 26, 2008
—
William A Masters
Reed,michael C
Warranty Deed
related
—
Jun 9, 2008
—
William A Masters
—
Deed Of Trust
related
$450,000 · Merrill Merchants Bank
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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