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Property profile & analytics
OFF-MARKET
Estimated value
$2,350,000
Theaters & concert halls
268 Odlin Rd Bangor, ME 04401-6704
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US42-0380563
Property profile
Verified
Property type
Theaters & concert halls
Use group
THEATER (MOVIE)
Year built
1972
Total area
37,640 SF
Lot
6.1 ac (265,716 SF)
Zoning code
GC&S
APN
BANG M:R18 L:020
UPID
US42-0380563
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
-
Northeast Collectibles (Bike/Boat/Book/etc) Store Newspaper & Magazine
-
Cardtronics ATM Atm
-
Hollywood Cinemas Cinema Theater & Performing Art Venue
-
Bangor FunPlex Arcade & Gaming Center Family Recreation Center
-
Movie Rocket (Bike/Boat/Book/etc) Store Media Distribution
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.35M
Owner & transaction history
Pines Church INC · 1 yrs held
Pines Church INC
since 2024
Last sale
$2.4M
2 recorded transactions
Zoning & alternative use
GC&S · 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
AUTO REPAIR, GARAGE
$3,645,000
Change: 0% · Conversion: Difficult
RESTAURANT
$3,550,000
Change: 0% · Conversion: Difficult
OFFICE BUILDING
$3,240,000
Change: 0% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,390,000
Change: 0% · Conversion: Difficult
RETAIL STORES
$2,330,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$2.35M
Range $2.12M – $2.59M · ±10% · vs last sale $2.35M (Apr 24 2024)
Last sale anchor
$2.35M
Apr 24 2024
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
$62 / 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
$29,711
Tax year 2023
Assessed value
$1,551,500
Assessed 2023
Previous assessed
$1,451,200
+6.9% YoY
Effective rate
1.91%
On assessed value
Assessed land
$684,900
Assessed improvement
$866,600
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
Theaters & concert halls
Use group
THEATER (MOVIE)
Status
Off-Market
Year built
1972
Heating
GRAVITY
Cooling
YES
Stories
2
Total area
37,640 SF
Lot
6.1 ac (265,716 SF)
Zoning code
GC&S
APN
BANG M:R18 L:020
UPID
US42-0380563
Jurisdiction
BANGOR
Zoning & alternative use
GC&S · Bangor, ME
Zoning GC&S · permitted uses
GC&S · Bangor, ME
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Bangor. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$3.6M
RESTAURANT
Est. value
$3.6M
OFFICE BUILDING
Est. value
$3.2M
COMMERCIAL (GENERAL)
Est. value
$2.4M
RETAIL STORES
Est. value
$2.3M
AUTO REPAIR, GARAGE
RESTAURANT
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
1972
Heating
GRAVITY
Cooling
Yes
Stories
2
Lot
6.1 ac
Current owner
From public records · entity-resolved
Pines Church INC
Entity
Mailing address
268 ODLIN RD, BANGOR, ME 04401-6704
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 24, 2024
$2,350,000
Pines Church INC
Miami North
Quit Claim Arm's Length For Ne States
$1,900,000 · Miami North
Feb 15, 2008
$1,001
Miami North
Cues INC
Quit Claim 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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