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    Property profile & analytics

    376 Us Rte 1st 1 Freeport, ME 04032-7016

    • Commercial land
    • 1.20 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Dec 19, 2024
    $240,000
    Location Intelligence
    Property ID
    US42-0349034
    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 land

    Property Details for 376 Us Rte 1st 1

    Lot size
    1.20 lot acres
    Zone code
    CM03
    Property type
    Commercial land
    APN
    FPRT M:26 B:45 L:1 U:0
    APU
    FPRTM26B45L1U0

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Freeport
    County
    Cumberland
    State
    Maine
    Longitude
    -70.1312
    Latitude
    43.8318
    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
    $2,390
    $173,800
    $0.00
    $173,800
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      0.62 Acres

      57 Main St

      VACANT COMMERCIAL LAND • 0.62 Acres
      57 Main St, Freeport, ME 04032-1215
      View Details
    • Value Estimation by Request
      3.17 Acres

      4 Desert Rd

      VACANT COMMERCIAL LAND • 1,392 SF
      4 Desert Rd, Freeport, ME 04032-6224
      View Details
    • Value Estimation by Request
      0.46 Acres

      39 School St

      VACANT COMMERCIAL LAND • 476 SF
      39 School St, Freeport, ME 04032-1326
      View Details
    • Value Estimation by Request
      1.70 Acres

      Us Rte 1st 1

      VACANT COMMERCIAL LAND • 1.70 Acres
      Us Rte 1st 1, Freeport, ME 04032
      View Details
    • Value Estimation by Request
      1.45 Acres

      23 Depot St

      VACANT COMMERCIAL LAND • 1,673 SF
      23 Depot St, Freeport, ME 04032-1560
      View Details
    • Value Estimation by Request
      2.80 Acres

      26 Dorrington Dr

      VACANT COMMERCIAL LAND • 2.80 Acres
      26 Dorrington Dr, Freeport, ME 04032
      View Details

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    Similar Nearby for Lease

    • $1.00 SF/Yr

      Commercial Development Land For Rent

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      Us Route 1, Freeport, ME 04032
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      4,590± SF office building on heavily trafficked Main Street.
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    • $20 SF/Yr
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      Retail space in a sought-after shopping area.
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    • $1,270 /Mo
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      Route One Office Space Available

      Second floor office space on Route One, Freeport, Maine.
      208 Us Route 1, Freeport, ME 04032
      View Details
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    Freeport, ME 04032-7016
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    Realmo Value Estimation

    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.

    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.

    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
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