Entity Owned Property summary
AI-generated overview
The Kennebec Regional Development Authority offers several commercial land parcels for sale within the First Park Business Park in Oakland, Maine. This 285-acre development boasts professional landscaping, a prime location 15 miles from the state capital and two miles west of the Kennebec River, with direct I-95 access via one mile of frontage and a 1,500-foot access road. Available lots range from 6.28 to 28 acres, with prices varying accordingly. Specific lot sizes and prices include: Lot 4 (10.4 acres, $124,800), Lot 5 (11.7 acres, $140,400), Lot 6 (7.1 acres, $85,200), Lot 7 (13 acres, $156,000), Lot 8 (10.8 acres, $129,600), Lot 9 (8 acres, $96,000), Lot 10 (9.8 acres, $117,600), Lot 11 (20.8 acres, $249,600), Lot 12 (28 acres, $336,000), Lot 13 (13.6 acres, $163,200), and Lot 14 (15.3 acres, $183,600). Lot 15B (6.28 acres, $65,000) is currently under contract. The park's address is 46 First Park Dr, Oakland, ME 04963. This presents a unique opportunity to acquire land in a well-established, strategically located business park. The property is zoned for commercial use.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2002
Total area
11,326 SF
Lot
3.78 ac (164,657 SF)
Zoning code
HIGHWA
APN
OAKL M:006 L:104
UPID
US42-0491823
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.27M
Blend (final)
Blend
$1.54M
Owner & transaction history
since 2025
2 recorded transactions
Zoning & alternative use
HIGHWA · Oakland, ME
Top alternative use upside
Commercial (general)
$1.1M
+18.1%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
3 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$1.54M
Value range
$1.39M – $1.69M
±10% around blend
Estimated value / SF
$136 / SF
Confidence
Property data
100
Market benchmarks
33
Comparable evidence
60
$1.39M
blend $1.54M
$1.69M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
11,326 SF
Lot area
3.78 ac
Year built
2002
Stories
2
APN
OAKL M:006 L:104
Zoning
HIGHWA
Assessed value
$1,503,400
Annual tax
$21,649
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$1.27M
Range $589k – $1.27M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$1.54M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 25 sales
$84
+62%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $136/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Commercial (general)
Gross theoretical uplift
+18%
vs current-use indication
Office Building · current use
Retail Stores
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$1.50M
Move the market yield to see immediate price impact.
Value / SF
$133
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$95k
$1.89M
$1.35M
$1.05M
$105k
$2.10M
$1.50M
$1.17M
$116k
$2.32M
$1.65M
$1.29M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$21,649
Tax year 2023
Assessed value
$1,503,400
Assessed 2023
Previous assessed
$1,503,400
+0.0% YoY
Effective rate
1.44%
On assessed value
Assessed land
$103,500
Assessed improvement
$1,399,900
Applied tax rate
54,560.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2002
Heating
CENTRAL
Buildings
1
Stories
2
Units
4
Total area
11,326 SF
Lot
3.78 ac (164,657 SF)
Zoning code
HIGHWA
APN
OAKL M:006 L:104
UPID
US42-0491823
Jurisdiction
OAKLAND
Zoning & alternative use
HIGHWA · Oakland, MEZoning HIGHWA · permitted uses
HIGHWA · Oakland, ME
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
2002
Heating
CENTRAL
Stories
2
Buildings
1
Units
4
Lot
3.78 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
HIGHWA
Jurisdiction
Oakland, ME
Recorded code
HIGHWA
Ownership Intelligence
Find the owner behind the property.
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What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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