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    Property profile & analytics

    582 Main St Rockland, ME 04841-3339

    • Banks
    • 7,208 SF
    • 1.03 lot acres
    OFF-MARKET
    Value Estimations
    $615,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US42-0318252
    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

    • Banks

    Property Details for 582 Main St

    Year built
    1995
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.03 lot acres
    Property size
    7,208 SF
    Property type
    Banks
    APN
    ROCD M:012D L:03000
    APU
    ROCDM012DL03000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $405,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $826,000
      Market price range: $583k - $1.20M

    • Alternative Use

      Use
      Estimation
      FINANCIAL BUILDING
      $835,000
      Current use
      AUTO REPAIR, GARAGE
      $970,000
      Change: +16% Conversion: Difficult
      RESTAURANT
      $945,000
      Change: +13% Conversion: Difficult
      RETAIL STORES
      $775,000
      Change: -7% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $705,000
      Change: -16% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Rockland
    County
    Knox
    State
    Maine
    Longitude
    -69.1106
    Latitude
    44.1087
    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
    $42,992
    $232,400
    $1,539,000
    $1,771,400
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      2,160 SF

      710 Main St

      FINANCIAL BUILDING • 2,160 SF
      710 Main St, Rockland, ME 04841-3430
      View Details
    • Value Estimation by Request
      3,849 SF

      132 Park St

      FINANCIAL BUILDING • 3,849 SF
      132 Park St, Rockland, ME 04841-2115
      View Details
    • Value Estimation by Request
      3,977 SF

      34 School St

      FINANCIAL BUILDING • 3,977 SF
      34 School St, Rockland, ME 04841-2841
      View Details
    • Value Estimation
      $700,000
      3,224 SF

      168 Camden St

      FINANCIAL BUILDING • 3,224 SF
      168 Camden St, Rockland, ME 04841-2531
      View Details
    • Value Estimation
      $545,000
      5,020 SF

      63 Un St

      FINANCIAL BUILDING • 5,020 SF
      63 Un St, Rockland, ME 04841-2839
      View Details
    • Value Estimation by Request
      3,500 SF

      73 Camden St

      FINANCIAL BUILDING • 3,500 SF
      73 Camden St, Rockland, ME 04841-2455
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      22,150 SF

      Downtown Rockland Investment Opportunity

      Prime downtown Rockland location with significant development potential.
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      Commercial Property in Rockland, Maine

      Well-maintained commercial property with Route 1 exposure, suitable for various uses.
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      Versatile Rockland Mixed-Use Building

      Two-story building in downtown Rockland with income potential.
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    • $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
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    • $1,895,000
      8,083 SF

      Downtown Rockland Multi-Use Building

      Multi-use building in downtown Rockland with retail and residential units.
      410 Main St, Rockland, ME 04841
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      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
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    • Contact for pricing
      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
    • $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
    • Contact for pricing
      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
    • $11 SF/Yr

      Route One Flex Space

      Flex space on Route One near retail and city hall.
      164 New County Rd, Rockland, ME 04841
      View Details
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    582 Main St
    Rockland, ME 04841-3339
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    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
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