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Property profile & analytics
OFF-MARKET
Estimated value
$2,215,000
Apartment buildings
398 Old County Rd, Hampden, ME 04444-1929
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US42-0434269
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1991
Total area
17,280 SF
Lot
1.9 ac (82,764 SF)
Zoning code
12 - R
APN
HAMN M:21 B:0 L:023
UPID
US42-0434269
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
$2.86M
CAP Approach
CAP
$2.24M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.22M
Owner & transaction history
398 Old County Rd LLC · 2 yrs held
398 Old County Rd LLC
since 2023
Last sale
$2.2M
1 recorded transaction
Zoning & alternative use
12 - R · Hampden, 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 Hampden submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hampden 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
$2,855,000
CAP Approach
CAP Return
Estimation
6%
$2,430,000
6.5%
$2,240,000
7%
$2,080,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,005,000
Change: 0% · Conversion: Moderate
RESTAURANT
$1,715,000
Change: 0% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,675,000
Change: 0% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$1,520,000
Change: 0% · Conversion: Difficult
OFFICE BUILDING
$1,495,000
Change: 0% · Conversion: Moderate
Blend value · Realmo final
$2.22M
Range $1.99M – $2.44M · ±10% · vs last sale $2.20M (Sep 27 2023)
Last sale anchor
$2.20M
Sep 27 2023
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
$128 / 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
$24,771
Tax year 2023
Assessed value
$1,286,800
Assessed 2023
Previous assessed
$1,286,800
+0.0% YoY
Effective rate
1.93%
On assessed value
Assessed land
$75,600
Assessed improvement
$1,211,200
Applied tax rate
30,795.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1991
Heating
NONE
Stories
2
Units
16
Total area
17,280 SF
Lot
1.9 ac (82,764 SF)
Zoning code
12 - R
APN
HAMN M:21 B:0 L:023
UPID
US42-0434269
Jurisdiction
HAMPDEN
Zoning & alternative use
12 - R · Hampden, ME
Zoning 12 - R · permitted uses
12 - R · Hampden, ME
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Hampden. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$2.0M
RESTAURANT
Est. value
$1.7M
AUTO REPAIR, GARAGE
Est. value
$1.7M
INDUSTRIAL (GENERAL)
Est. value
$1.5M
OFFICE BUILDING
Est. value
$1.5M
COMMERCIAL (GENERAL)
RESTAURANT
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
OFFICE BUILDING
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
1991
Heating
NONE
Stories
2
Units
16
Lot
1.9 ac
Current owner
From public records · entity-resolved
398 Old County Rd LLC
Entity
Mailing address
398 OLD COUNTY RD, HAMPDEN, ME 04444-1929
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 27, 2023
$2,200,000
398 Old County Rd LLC
Erlene M Morgan
Quit Claim Arm's Length For Ne States
$1,980,000 · Erlene M Morgan
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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