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Property profile & analytics
OFF-MARKET
Estimated value
$6,790,000
Retail space
431 Odlin Rd Bangor, ME 04401-6705
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US42-0194014
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1959
Total area
2,712 SF
Lot
0.6 ac (26,136 SF)
Zoning code
GC&S
APN
BANG M:R18 L:008-J
UPID
US42-0194014
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
Current use
Occupant on record · Public records
-
Acadia Cannabis Department Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.79M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.79M
Owner & transaction history
Purple Co Management LLC · 2 yrs held
Purple Co Management LLC
since 2024
Last sale
$6.8M
6 recorded transactions
Zoning & alternative use
GC&S · Bangor, 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 Bangor submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bangor 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
$6,790,000
ML approach
$6,790,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$6.79M
Range $6.11M – $7.47M · ±10% · vs last sale $6.79M (May 6 2024)
Last sale anchor
$6.79M
May 6 2024
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
$2,504 / 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
$3,610
Tax year 2023
Assessed value
$188,500
Assessed 2023
Previous assessed
$188,500
+0.0% YoY
Effective rate
1.92%
On assessed value
Assessed land
$53,500
Assessed improvement
$135,000
Applied tax rate
2,795.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1959
Heating
SPACE
Stories
1
Total area
2,712 SF
Lot
0.6 ac (26,136 SF)
Zoning code
GC&S
APN
BANG M:R18 L:008-J
UPID
US42-0194014
Jurisdiction
BANGOR
Zoning & alternative use
GC&S · Bangor, MEZoning GC&S · permitted uses
GC&S · Bangor, ME
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1959
Heating
SPACE
Stories
1
Lot
0.6 ac
Current owner
From public records · entity-resolved
Purple Co Management LLC
Entity
Mailing address
431 PO BOX 358TH RD, HOLDEN, ME 04429-0358
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 23, 2024
$500,000
Purple Co Management LLC
Hancock Hts Hldg Co LLC
Quit Claim Arm's Length For Ne States
$250,000 · Alan R Prosser
May 6, 2024
—
Hancock Hts Hldg Co LLC
Acadia Cannabis Co LLC
Quit Claim Deed
related
—
Jan 27, 2022
$6,788,940
Acadia Cannabis Co LLC
Hancock Hts Hldg Co LLC
Quit Claim Arm's Length For Ne States
—
Nov 17, 2014
—
Elto Realty LLC
Contractor Supply
Warranty Deed
$108,000 · Peoples Bk/al
May 22, 2007
—
Contractor Supply
Scott Cmrcl Props LLC
Grant Deed
$285,200 · Machias Savings Bank
Aug 28, 2006
—
Jordan Equipment Co
—
Deed Of Trust
related
$475,000 · Td Bank NA
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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