Individually Owned Property summary
AI-generated overview
Unit 2 at 241 Congress Ave in Bath, Maine provides approximately 1,278 square feet of commercial space. The interior was previously built out for restaurant use and is configured for a food-service operator, with suitability for concepts such as a cafe, take-out, or other commercial food business. The property offers off-street parking and includes building signage.
Property profile
Verified
Property type
Other retail properties
Use group
DEPARTMENT STORE
Year built
1988
Construction
FRAME
Total area
4,780 SF
Lot
0.4 ac (17,424 SF)
Zoning code
NC
APN
BTTH M:25 L:105
UPID
US42-0363322
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Restaurant
-
(Bike/Boat/Book/etc) Store
-
Corporate Office
-
Clothing & Fashion Store
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$255k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$255k
Owner & transaction history
since 2025
Last sale
$515,000
7 recorded transactions
Zoning & alternative use
NC · Bath, ME
Zoning description
SECTION 8.23 NEIGHBORHOOD COMMERCIAL ZONE - NC [entire section added May 26, 2010] A. Purpose The purpose of the Neighborhood Commercial District is to allow commercial uses in close proximity to high-density residential…
General category
COMMERCIAL
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 4 comparables with addresses
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$255k
Value range
$230k – $281k
±10% around blend
Estimated value / SF
$53 / SF
Confidence
Low
4 county-verified comps
Property data
100
Comparable evidence
40
$230k
blend $255k
$281k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
4,780 SF
Lot area
0.4 ac
Year built
1988
Stories
1
APN
BTTH M:25 L:105
Zoning
NC
Assessed value
$411,100
Annual tax
$6,948
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$527k
Weighted, 4 comps · low confidence
Evidence
4 found · 4 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
17.8 mi away · 4,352 SF
21.9 mi away · 4,830 SF
22.6 mi away · 5,120 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$255k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
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Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 4 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$515k
Move the market yield to see immediate price impact.
Value / SF
$108
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$32k
$649k
$463k
$361k
$36k
$721k
$515k
$401k
$40k
$793k
$567k
$441k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
4 found
Low confidence · county-verified
Closest comparable
$615k
17.1 mi · Jan 2026 · $182/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$6,948
Tax year 2023
Assessed value
$411,100
Assessed 2023
Previous assessed
$359,400
+14.4% YoY
Effective rate
1.69%
On assessed value
Assessed land
$78,700
Assessed improvement
$332,400
Applied tax rate
3,355.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Other retail properties
Use group
DEPARTMENT STORE
Status
Off-Market
Year built
1988
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
3
Total area
4,780 SF
Lot
0.4 ac (17,424 SF)
Zoning code
NC
APN
BTTH M:25 L:105
UPID
US42-0363322
Jurisdiction
BATH
Zoning & alternative use
NC · Bath, MEZoning NC · permitted uses
NC · Bath, ME
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Zoning description
SECTION 8.23 NEIGHBORHOOD COMMERCIAL ZONE - NC [entire section added May 26, 2010] A. Purpose The purpose of the Neighborhood Commercial District is to allow commercial uses in close proximity to high-density residential…
General category
COMMERCIAL
Building & site characteristics
From public records
Year built
1988
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
3
Lot
0.4 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Matched to the official district catalog
NC
COMMERCIAL
Jurisdiction
Bath, ME
Recorded code
NC
Official district
NC
Official district profile
What the municipal code says about NC
Zoning description
SECTION 8.23 NEIGHBORHOOD COMMERCIAL ZONE - NC [entire section added May 26, 2010] A. Purpose The purpose of the Neighborhood Commercial District is to allow commercial uses in close proximity to high-density residential…
General category
COMMERCIAL
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for NC in Bath, ME.
What opens after registration
Zoning profile
Official descriptionThe district text from the municipal code
District factsZone name, category and district area
3 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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