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    Property profile & analytics

    5 Payne Ave Rockland, ME 04841

    • Turn key restaurants
    • 8,241 SF
    • 2.82 lot acres
    For Sale
    View listing
    $1,375,000
    Value Estimation
    Location Intelligence
    Property ID
    US42-0332186
    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

    • Rock Harbor Brewing Co. / Brewpub / Brewery
    • Rock Harbor Brewing / Brewery

    Property Details for 5 Payne Ave

    Year built
    1994
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    2.82 lot acres
    Property size
    8,241 SF
    Property type
    Turn key restaurants
    APN
    ROCD M:055B L:08000
    APU
    ROCDM055BL08000

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $400,000

    • CAP approach

      CAP return
      Estimation
      6%
      $555,000
      6.5%
      $545,000
      7%
      $630,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $530,000
      Geo Method
      $585,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $615,000
      Retail
      $540,000
      Mixed-Use
      $530,000
      Hospitality
      $505,000
      Educational
      $530,000
      Residential Income
      $675,000
      Energy
      $575,000
      Income-Based Land
      $580,000
      Food Service
      $550,000

    Location Insight

    • Map
    • Local Demand
    City
    Rockland
    County
    Knox
    State
    Maine
    Longitude
    -69.1281
    Latitude
    44.1009
    CBSA code
    40500
    CBSA name
    ROCKLAND, ME MICROPOLITAN 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
    $16,127
    $177,600
    $486,900
    $664,500
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $245,000
      1,404 SF

      266 Main St

      RESTAURANT • 1,404 SF
      266 Main St, Rockland, ME 04841-3306
      View Details
    • Value Estimation
      $325,000
      2,009 SF

      474 Main St

      RESTAURANT • 2,009 SF
      474 Main St, Rockland, ME 04841-3344
      View Details
    • Value Estimation by Request
      9,290 SF

      220 Rankin St

      RESTAURANT • 9,290 SF
      220 Rankin St, Rockland, ME 04841
      View Details
    • Value Estimation
      $1,720,000
      2,251 SF

      632 Main St

      RESTAURANT • 2,251 SF
      632 Main St, Rockland, ME 04841-3338
      View Details
    • Value Estimation by Request
      4,841 SF

      2 Main St

      RESTAURANT • 4,841 SF
      2 Main St, Rockland, ME 04841-3814
      View Details
    • Value Estimation by Request
      3,137 SF

      49 Camden St

      RESTAURANT • 3,137 SF
      49 Camden St, Rockland, ME 04841-2457
      View Details

    Similar Nearby for Sale

    • $1,375,000
      8,241 SF

      Rockland Brewing Facility and Restaurant

      Versatile space with brewing setup, dining, and outdoor patio.
      5 Payne Ave, Rockland, ME 04841
      View Details
    • $1,375,000
      8,241 SF

      Rockland Commercial Property on Route One

      Versatile 8,900+ sq ft space with brewing facility and bar.
      5 Payne Ave, Rockland, ME 04841
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    • $999,998
      8,658 SF

      Mixed-Use Building on Main Street

      Corner lot mixed-use building with fully leased retail units.
      375 Main St, Rockland, ME 04841
      View Details
    • $459,000
      2,556 SF

      Rockland Mixed-Use Commercial Building

      Two-story mixed-use building in downtown Rockland, Maine.
      367 Main St, Rockland, ME 04841
      View Details
    • $1,145,000
      8,658 SF

      Prime Rockland Mixed-Use Building

      Downtown Rockland storefront, 8,658 SF
      375 Main St, Rockland, ME 04841
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    • $425,000
      2,951 SF

      Versatile Two-Story Building in Rockland

      Two-story building with rental income potential in downtown Rockland.
      340 Main St, Rockland, ME 04841
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    Similar Nearby for Lease

    • $3,500 /Mo
      1,383 SF

      Retail Space on Main Street

      Retail space for lease in Rockland, Maine with 1,383 SF.
      305 Main St, Rockland, ME 04841
      View Details
    • $11 SF/Yr
      1,740 SF

      Retail Space in Harbor Plaza

      High-traffic retail space with national tenants in Rockland, Maine.
      235 Camden Street Ter, Rockland, ME 04841
      View Details
    • $1,825,000
      13,421 SF

      Mixed-Use Property in Rockland, ME

      13,421± SF mixed-use property on 11.79± acres for sale/lease.
      170 Pleasant St, Rockland, ME 04841
      View Details
    • $11 SF/Yr
      5,688 SF

      Industrial Property in Rockland, Maine

      Industrial property available for rent in Rockland, Maine.
      164 New County Rd, Rockland, ME 04841
      View Details
    • Contact for pricing
      19,000 SF

      Industrial Space in Rockland Park

      2,500 SF flex space with drive-in door.
      12 Moran Dr, Rockland, ME 04841
      View Details
    • $8 SF/Yr
      6,765 SF

      Prime Rockland Executive Office Space

      6,765 sq ft, 95 parking spaces, high visibility.
      360 Old County Rd, Rockland, ME 04841
      View Details
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    5 Payne Ave
    Rockland, ME 04841
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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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