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Property profile & analytics
OFF-MARKET
Estimated value
$1,155,000
Turn key restaurants
26 Frnt St Bangor, ME 04401-6418
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US42-0002207
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1950
Total area
25,048 SF
Lot
0.75 ac (32,670 SF)
Zoning code
WDD
APN
BANG M:043 L:034
UPID
US42-0002207
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
$805k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.51M
Blend (final)
Blend
$1.16M
Owner & transaction history
Shipyard Brewing Co · 8 yrs held
Shipyard Brewing Co
since 2018
6 recorded transactions
Zoning & alternative use
WDD · 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
$805,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.16M
Range $1.04M – $1.27M · ±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
$46 / 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
$38,696
Tax year 2023
Assessed value
$1,961,300
Assessed 2023
Previous assessed
$1,860,100
+5.4% YoY
Effective rate
1.97%
On assessed value
Assessed land
$146,500
Assessed improvement
$1,814,800
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1950
Heating
FORCED AIR
Total area
25,048 SF
Lot
0.75 ac (32,670 SF)
Zoning code
WDD
APN
BANG M:043 L:034
UPID
US42-0002207
Jurisdiction
BANGOR
Zoning & alternative use
WDD · Bangor, MEZoning WDD · permitted uses
WDD · Bangor, ME
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1950
Heating
FORCED AIR
Lot
0.75 ac
Current owner
From public records · entity-resolved
Shipyard Brewing Co
Entity
Mailing address
8 WESTERN AVE, KENNEBUNK, ME 04043-7756
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 7, 2018
—
Shipyard Brewing Co
Maritime Activtites INC
Warranty Deed
related
—
Aug 10, 2009
—
Maritime Activities INC
—
Deed Of Trust
related
$2,200,000 · Northeast Bank
Jan 31, 2008
—
Maritime Activities INC
—
Deed Of Trust
related
$630,000 · Northeast Bank
Mar 30, 2007
—
Maritime Activities INC
Sea Dog Realty LLC
Warranty Deed
related
—
—
—
Shipyard Brewing Co LLC
—
Loan Modification
related
$4,000,000 · Bar Harbor Bk&tr
—
—
Shipyard Brewing Co LLC
—
Deed Of Trust
related
$2,746,322 · Maritime Activities INC
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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