Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    482 Odlin Rd Bangor, ME 04401-6708
    Property profile & analytics

    482 Odlin Rd, Bangor, ME 04401-6708

    View on Map
    • Motels
    • 36,180 SF
    • 3.50 lot acres
    Off-Market
    Last Sale Nov 23, 2020
    Property ID
    US42-0009295
    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
    $910,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Queen City Inn / Hotel & Motel

    Property Details for 482 Odlin Rd

    Year built
    1974
    Lot size
    3.50 lot acres
    Zone code
    GC&S
    Property type
    Motels
    APN
    BANG M:R18 L:017-C
    APU
    BANGMR18L017C

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Feb 8, 2021 — Queen City Inn LLC — Deed · related $1.4M · 1st National Bank
    Nov 23, 2020 — Queen City Inn LLC Bangor Rodeway Inn INC Quit Claim Deed · related $960k · 1st National Bank
    Apr 7, 2009 — Bangor Rodeway Inn INC — Deed Of Trust · related $249k · Machias Savings Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $985,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $835,000
      Market price range: $600k - $1.97M

    • Alternative Use

      Use
      Estimation
      HOTEL/MOTEL
      $1,320,000
      Current use
      INDUSTRIAL (GENERAL)
      $1,215,000
      Change: -8% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Bangor
    County
    Penobscot
    State
    Maine
    Longitude
    -68.8141
    Latitude
    44.7834
    CBSA code
    12620
    CBSA name
    BANGOR, 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
    $36,573
    $348,800
    $1,561,000
    $1,909,800
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,290,000
      40,532 SF

      750 Hogan Rd

      MOTEL
      750 Hogan Rd, Bangor, ME 04401-3604
      View Details
    • Value Estimation
      $660,000
      20,746 SF

      1100 Hammond St

      MOTEL
      1100 Hammond St, Bangor, ME 04401-5704
      View Details
    • Value Estimation by Request
      1,490 SF

      513 Hammond St

      MOTEL
      513 Hammond St, Bangor, ME 04401-4510
      View Details
    • Value Estimation by Request
      5,550 SF

      495 State St, Unit 5

      MOTEL
      495 State St, Bangor, ME 04401-6609
      View Details
    • Value Estimation
      $1,305,000
      54,694 SF

      701 Hogan Rd

      MOTEL
      701 Hogan Rd, Bangor, ME 04401-3625
      View Details
    • Value Estimation
      $1,720,000
      64,704 SF

      300 Odlin Rd

      MOTEL
      300 Odlin Rd, Bangor, ME 04401-6704
      View Details

    Similar Nearby for Sale

    • $62,000
      2.77 Acres

      Wooded Lot in Bangor, Maine

      Wooded, surveyed lot ready for your dream home near Bangor.
      30 #3 Hornbeam Way, Bangor, ME 04401
      View Details
    • $850,000
      6,170 SF

      Passive Solar Office/Medical Building

      Unique office/medical building with passive solar design and versatile floorplan.
      1570 Broadway, Bangor, ME 04401
      View Details
    • $249,900
      1,144 SF

      Bangor Triplex: Investment Opportunity

      Versatile 3-unit property in Bangor's high-demand rental market.
      15 Grace Ct, Bangor, ME 04401
      View Details
    • $259,900
      2,008 SF

      Bangor Multi-Unit Investment Opportunity

      Multi-unit property with value-add potential in Bangor's heart.
      16 Walter St, Bangor, ME 04401
      View Details
    • Contact for pricing

      Prime Land I-95 Visibility

      Raw land for sale in Bangor Mall shopping district.
      Springer Dr, Bangor, ME 04401
      View Details
    • Contact for pricing

      Bangor Development Site For Sale

      Graveled development site with high potential in Bangor, Maine.
      127 Hammond St, Bangor, ME 04401
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Modernized Retail Space with Parking

      High-traffic retail space with parking and customizable interior.
      200 State St, Bangor, ME 04401
      View Details
    • Contact for pricing
      1,650 SF

      Freestanding Office Building For Rent

      Freestanding office building with ample parking and natural light.
      56 Banair Rd, Bangor, ME 04401
      View Details
    • Contact for pricing
      12,368 SF

      Industrial Space Near Maine Turnpike

      12,368± SF industrial space for lease near I-95.
      121-0 Target Industrial Cir, Bangor, ME 04401
      View Details
    • Contact for pricing

      Land with I-95 Visibility

      Land for rent with high visibility near Bangor Mall.
      Bangor Mall Blvd, Bangor, ME 04401
      View Details
    • Contact for pricing

      Commercial Land I-95 Visibility

      Land with I-95 visibility, near Bangor Mall.
      320 Bangor Mall Blvd, Bangor, ME 04401
      View Details
    • New
      Contact for pricing
      2,032 SF

      Class A Office Building Suites

      Updated private office suites with floor-to-ceiling windows in a four-story Class A building.
      77 Exchange St, Bangor, ME 04401
      View Details

    Property Visit Statistics

    • Visits by month
      1.0k
    • Visitors by month
      709
    • Avg Time on site
      686 min
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    482 Odlin Rd
    Bangor, ME 04401-6708
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    482 Odlin Rd, Bangor, ME, 04401
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!