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    4 Chandler Dr Bath, ME 04530

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    4 Chandler Dr Bath, ME 04530

    View on Map
    • Commercial real estate
    • 34,188 SF
    Off-Market
    Property ID
    US42-0232228
    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.
    Value Estimations
    $3,085,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 4 Chandler Dr

    Year built
    1978
    Property size
    34,188 SF
    Zone code
    C4
    Property type
    Commercial real estate
    APN
    BTTH M:28 L:052-004
    APU
    BTTHM28L052004

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $3,855,000
      Current use
      OFFICE BUILDING
      $5,075,000
      Change: +32% Conversion: Easy
      AUTO REPAIR, GARAGE
      $3,525,000
      Change: -9% Conversion: Difficult
      RESTAURANT
      $3,395,000
      Change: -12% Conversion: Difficult
      RETAIL STORES
      $3,095,000
      Change: -20% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Bath
    County
    Sagadahoc
    State
    Maine
    Longitude
    -69.8279
    Latitude
    43.9095
    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
    $85,984
    $2,637,500
    $2,450,300
    $5,087,800
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,100,000
      10,336 SF

      5 Chandler Dr

      COMMERCIAL CONDOMINUIM • 10,336 SF
      5 Chandler Dr, Bath, ME 04530-1597
      View Details
    • Value Estimation by Request
      3,794 SF

      786 Middle St

      SHOW ROOM, WAREHOUSE • 3,794 SF
      786 Middle St, Bath, ME 04530-2687
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    • Value Estimation by Request
      4.10 Acres

      270 State Rd

      COMMERCIAL (GENERAL) • 4.10 Acres
      270 State Rd, West Bath, ME 04530-6320
      View Details
    • Value Estimation by Request
      2,516 SF

      19 Ctr St

      SHOW ROOM, WAREHOUSE • 2,516 SF
      19 Ctr St, Bath, ME 04530-2501
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    • Value Estimation by Request
      4,250 SF

      27 Commercial St

      SHOW ROOM, WAREHOUSE • 4,250 SF
      27 Commercial St, Bath, ME 04530
      View Details
    • Value Estimation by Request
      2,382 SF

      15 Congress Ave

      SHOW ROOM, WAREHOUSE • 2,382 SF
      15 Congress Ave, Bath, ME 04530-1530
      View Details

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    Similar Nearby for Lease

    • Contact for pricing

      Retail Space with Drive-Thru

      Retail-commercial space with existing drive-thru in busy plaza.
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      1,000 SF

      Retail Space with Drive-Thru

      High-visibility retail space with existing drive-thru on busy Congress Ave.
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      1,278± SF commercial space ideal for food business.
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      2,000 SF

      Retail Space Anchored by Shaw's

      Dominant shopping center location with high traffic volume.
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      Shaw's Anchored Shopping Center

      Retail spaces for lease in a busy shopping center.
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      3,850 SF

      Versatile Industrial Building Near Bath

      Adaptable industrial space suitable for manufacturing, warehousing, or service operations.
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      View Details
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    4 Chandler Dr
    Bath, ME 04530
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    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
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