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Property profile & analytics
OFF-MARKET
Estimated value
$2,315,000
Retail properties & Spaces
5 Depot St Freeport, ME 04032-1539
Individually Owned
13-yr Hold
Free & Clear
Property ID
US42-0166449
Property profile
Verified
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Year built
1990
Construction
FRAME
Total area
24,779 SF
Lot
0.88 ac (38,333 SF)
Zoning code
CM03
APN
FPRT M:10 B:24 L:0 U:0
UPID
US42-0166449
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
-
Casco Bay Cutlery & Kitchenware Furniture & Home Goods
-
Shondra Jin Skincare Medical Clinic Skin Care Clinic
-
Victorinox Swiss Army Knife Collector's Society Association / Organization
-
Edward Jones - Financial Advisor: Don Duffy Financial Advisor
-
Coastal Legal, LLC Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.92M
Blend (final)
Blend
$2.32M
Owner & transaction history
Freeport Town Of · 13 yrs held
Freeport Town Of
since 2012
4 recorded transactions
Zoning & alternative use
CM03 · Freeport, 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 Freeport submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Freeport 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.32M
Range $2.08M – $2.55M · ±10%
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
$93 / 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
$28,925
Tax year 2023
Assessed value
$2,103,600
Assessed 2023
Previous assessed
$2,045,600
+2.8% YoY
Effective rate
1.38%
On assessed value
Assessed land
$360,400
Assessed improvement
$1,743,200
Applied tax rate
26,525.0000
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 properties & Spaces
Use group
DEPARTMENT STORE
Status
Off-Market
Year built
1990
Construction
FRAME
Heating
NONE
Buildings
1
Stories
2
Bathrooms
99
Total area
24,779 SF
Lot
0.88 ac (38,333 SF)
Zoning code
CM03
APN
FPRT M:10 B:24 L:0 U:0
UPID
US42-0166449
Jurisdiction
FREEPORT
Zoning & alternative use
CM03 · Freeport, ME
Zoning CM03 · permitted uses
CM03 · Freeport, ME
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Freeport. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1990
Construction
FRAME
Heating
NONE
Stories
2
Buildings
1
Bathrooms
99
Lot
0.88 ac
Current owner
From public records · entity-resolved
Freeport Town Of
Individual
Free & Clear · 13 yrs held
Mailing address
5 DEPOT ST STE #22, FREEPORT, ME 04032-1539
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 15, 2019
—
22 Monument Square LLC
—
Deed
related
$400,000 · Gorham Savings Bank
Apr 6, 2018
—
22 Monument Square LLC
—
Deed
related
$1,200,000 · Gorham Svgs Bk
Oct 30, 2012
—
Freeport Town Of
Timm Holdings LLC
Warranty Deed
related
—
—
—
22 Monument Square LLC
—
Deed Of Trust
related
$1,200,000 · Gorham Svgs Bk
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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