Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3202nd Broadway Glenburn, ME 04401-1068

    • Commercial real estate
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US42-0282098
    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.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 3202nd Broadway

    Zone code
    11
    Property type
    Commercial real estate
    APN
    GLBN M:14 L:040-01A
    APU
    GLBNM14L04001A

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Glenburn
    County
    Penobscot
    State
    Maine
    Longitude
    -68.8758
    Latitude
    44.8907
    CBSA code
    12620
    CBSA name
    BANGOR, 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
    $225
    $0.00
    $16,200
    $16,200
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      99,755 SF

      663 Stillwater Ave & Bangor Mall Blvd

      Land • 99,755 SF
      663 Stillwater Ave & Bangor Mall Blvd, Bangor, ME 04401
      View Details
    • Value Estimation by Request
      8,682 SF

      145 High St

      Commercial real estate • 8,682 SF
      145 High St, Bangor, ME 04401
      View Details
    • Value Estimation by Request
      0.06 Acres

      158 Main St

      COMMERCIAL (GENERAL) • 0.06 Acres
      158 Main St, Bangor, ME 04401-6308
      View Details
    • Value Estimation
      $5,895,000
      54,114 SF

      10 Bangor Mall Blvd

      COMMERCIAL (GENERAL) • 54,114 SF
      10 Bangor Mall Blvd, Bangor, ME 04401-3611
      View Details
    • Value Estimation
      $4,130,000
      70,240 SF

      92 Perry Rd

      SHOW ROOM, WAREHOUSE • 70,240 SF
      92 Perry Rd, Bangor, ME 04401-6720
      View Details
    • Value Estimation
      $9,170,000
      94,081 SF

      35 State Hospital Dr

      COMMERCIAL (GENERAL) • 94,081 SF
      35 State Hospital Dr, Bangor, ME 04401-8816
      View Details

    Similar Nearby for Sale

    • $4,999,999
      14,754 SF

      Bangor Commercial Land Development

      125 Acres, Mixed-Use Potential, Prime Location
      1600 Union St, Bangor, ME 04401
      View Details
    • $78,800
      0.93 Acres

      Bangor Commercial Land - I-95 Access

      0.93-acre lot, prime commercial location.
      15 Nadines Way Way, Bangor, ME 04401
      View Details
    • $1,900,000
      28,756 SF

      Prime Bangor Commercial Building

      High-traffic location, income-producing tenants.
      586 Main St, Bangor, ME 04401
      View Details
    • $399,900
      3,250 SF

      2350-2354 Broadway, Bangor, ME 04401

      Commercial real estate • 3,250 SF
      2350-2354 Broadway, Bangor, ME 04401
      View Details
    • $249,000
      1,100 SF

      Veazie Commercial Property - Great Investment!

      Prime Veazie location, showroom, garage, office.
      1201 State Street Ave, Veazie, ME 04401
      View Details
    • Contact for pricing
      1.00 Acre

      Bangor Commercial Land - I-95 Visibility

      High-traffic Bangor land, ideal for retail.
      0 Springer Dr, Bangor, ME 04401
      View Details

    Similar Nearby for Lease

    • $18 SF/Yr
      1,350 SF

      Downtown Bangor Office Space

      Renovated office space in downtown Bangor with flexible layout.
      9 May St, Bangor, ME 04401
      View Details
    • Contact for pricing

      Commercial Land For Lease

      Land available for lease in the Bangor Mall area.
      1120 Stillwater Ave, Bangor, ME 04401
      View Details
    • Contact for pricing
      2,415 SF

      Downtown Bangor Office Space Available

      Class A office space with parking and panoramic views.
      23 Water St, Bangor, ME 04401
      View Details
    • $15 SF/Yr
      3,927 SF

      Renovated Class A Office Space

      Class A office space for rent with planned renovations.
      700 Main St, Bangor, ME 04401
      View Details
    • $15 SF/Yr
      6,242 SF

      Class A Office Space Bangor

      Multiple office suites for lease in downtown Bangor.
      80 Exchange St, Bangor, ME 04401
      View Details
    • $22 SF/Yr
      1,635 SF

      Downtown Bangor Office Suites Available

      Office suites for lease in premier downtown Bangor office building.
      1 Cumberland Pl, Bangor, ME 04401
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3202nd Broadway
    Glenburn, ME 04401-1068
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.