31 Us Rte 1st 1 Freeport, ME 04032-7000
Property profile & analytics
31 Us Rte 1st 1, Freeport, ME 04032-7000
- Commercial real estate
- 13,154 SF
- 12.07 lot acres
Property ID
US42-0204541
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Commercial real estate
Property Details for 31 Us Rte 1st 1
- Year built
- 1983
- Lot size
- 12.07 lot acres
- Zone code
- CM02
- Property type
- Commercial real estate
- APN
- FPRT M:25 B:9 L:0 U:0
- APU
- FPRTM25B9L0U0
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Nov 16, 2023 | $6,600,000 | Inn At Freeport LLC | Be Hospitable LLC | Warranty Deed | $3.6M · Five County Credit Union |
| Aug 22, 2013 | — | Be Hospitable LLC | — | Deed Of Trust · related | $1.2M · Eastern Maine Development Corp |
| Jul 12, 2013 | — | Be Hospitable LLC | Freeport Inn Corp | Quit Claim Deed · related | $1.2M · City Of Portland (me) |
| Nov 13, 2012 | — | 31 Route 1 LLC | — | Deed Of Trust · related | $50k · Greater Portland Council Of Governments |
| Mar 30, 2005 | — | Freeport Inn | — | Deed Of Trust · related | $250k · Citizens Bank |
| — | — | Be Hospitable LLC | — | Deed Of Trust · related | $250k · Private Individual |
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $2,725,000
- 6.5%
- $2,515,000
- 7%
- $2,335,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $3,057,000
- AI Estimate
- $1,600,000
Market price range: $1.69M - $4.47MMarket price range: $730k - $2.83M -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $2,970,000 Current use
- OFFICE BUILDING
- $2,545,000 Change: -14% Conversion: Easy
- RETAIL STORES
- $2,495,000 Change: -16% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Freeport
- County
- Cumberland
- State
- Maine
- Longitude
- -70.1508
- Latitude
- 43.8128
- CBSA code
- 38860
- CBSA name
- PORTLAND-SOUTH PORTLAND-BIDDEFORD, ME METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$37,381
$1,628,100
$1,090,500
$2,718,600
-
$0.00
$0.00
$0.00
