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    Property profile & analytics

    42 Mallett Dr Freeport, ME 04032-1355

    • Office buildings
    • 4,290 SF
    • 0.69 lot acres
    OFF-MARKET
    Value Estimation
    $380,000
    Location Intelligence
    Property ID
    US42-0251479
    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

    • Sunlight Reiki / Reiki Therapist
    • Boese Sheila / Nursing Agency
    • Triskele Counseling / Counselor
    • The Cleaning Authority - Greater Portland / House Cleaning Service
    • Lola Aesthetics / Medical Spa

    Property Details for 42 Mallett Dr

    Year built
    1970
    Construction
    FRAME
    Lot size
    0.69 lot acres
    Property size
    4,290 SF
    Zone code
    CM03
    Property type
    Office buildings
    APN
    FPRT M:12 B:35 L:A U:0
    APU
    FPRTM12B35LAU0

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $365,000

    • CAP approach

      CAP return
      Estimation
      6%
      $500,000
      6.5%
      $470,000
      7%
      $530,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $415,000
      Geo Method
      $405,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $535,000
      Retail
      $435,000
      Mixed-Use
      $490,000
      Hospitality
      $450,000
      Educational
      $530,000
      Residential Income
      $605,000
      Energy
      $505,000
      Income-Based Land
      $455,000
      Food Service
      $435,000

    Location Insight

    • Map
    • Local Demand
    City
    Freeport
    County
    Cumberland
    State
    Maine
    Longitude
    -70.1044
    Latitude
    43.8623
    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
    $6,904
    $250,100
    $252,000
    $502,100
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      5,600 SF

      6 Holbrook St

      OFFICE BUILDING • 5,600 SF
      6 Holbrook St, Freeport, ME 04032-1205
      View Details
    • Value Estimation
      $390,000
      4,234 SF

      20 Independence Dr

      OFFICE BUILDING • 4,234 SF
      20 Independence Dr, Freeport, ME 04032-1134
      View Details
    • Value Estimation by Request
      13,133 SF

      541 Us Rte 1st 1

      OFFICE BUILDING • 13,133 SF
      541 Us Rte 1st 1, Freeport, ME 04032-7027
      View Details
    • Value Estimation by Request
      4,716 SF

      1185 Us Rte 1st 1

      OFFICE BUILDING • 4,716 SF
      1185 Us Rte 1st 1, Freeport, ME 04032-7129
      View Details
    • Value Estimation by Request
      19,444 SF

      3 Lighthouse Rd

      OFFICE BUILDING • 19,444 SF
      3 Lighthouse Rd, Freeport, ME 04032
      View Details
    • Value Estimation by Request
      45,879 SF

      2 Stonewood Dr

      OFFICE BUILDING • 45,879 SF
      2 Stonewood Dr, Freeport, ME 04032-7024
      View Details

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    Similar Nearby for Lease

    • $24 SF/Yr
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      Office space with open layout, modern systems, and included utilities.
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    • $25 SF/Yr
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      Freeport Retail Space Available

      4,300 SF prime retail space in Freeport, ME
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      View Details
    • $1.00 SF/Yr

      Commercial Development Land For Rent

      37.9+/- acre commercial development with build-to-suit sites available.
      Us Route 1, Freeport, ME 04032
      View Details
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    42 Mallett Dr
    Freeport, ME 04032-1355
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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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