Financial
Distress signals
Property profile

586 Main St Bangor, ME 04401

FOR SALE
Retail space
Property ID
US42-0511391
28,756 SF 0.9 ac lot Built 1928
Last sale Sep 2021
Individually Owned Owner of record is an individual. 4-yr Hold Held for 4 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
Saved · see the list in your Dashboard
Market Trends Soon

Property summary

AI-generated overview

The property is a commercial building located in Bangor, Maine, positioned adjacent to Interstate 95 and within the area near the Hollywood Casino, the Civic Center, Waterfront Concerts, and downtown Bangor. The building comprises approximately 28,000 square feet and is configured with space currently occupied by one tenant, with additional operating expense responsibility structured through CAM.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$22k
Tax billed · 2023
Assessed value$1.15M
Assessed land$129k
Assessed improvement$1.02M
Effective rate1.92%

Value estimate

· Sep 2026
$810k
$729k – $891k
Submarket $/SF estimate$2.09M
NOI build-up
Gross scheduled income$242k
Vacancy & credit loss−$17k
Operating expenses−$34k
NOI · 15.91% cap applied$191k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$103/SF
ZIP average, outlier-cleaned · 20 recorded sales of this use type
Observed band · Q1–Q3$73 – $168

Cap rate analysis

How does the asset earn?
15.91%
$191k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
USD
The Urban Service District is established to accommodate the shopping needs of a much larger consumer population and area of residency th...
General categoryCOMMERCIAL
JurisdictionBANGOR

Location intelligence

Which uses thrive at this corner?
Best fit: Dental Office
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Dental Office13.0
Furniture Store11.4
Convenience Store11.2

Location

586 Main St Bangor, ME 04401
County assessor Recorded deeds · 1 transfer Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 13 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
9 Target, Bangor, ME 04401-5715 $2,500,000 Dec 2025 16,568 SF
1010 Stillwater, Bangor, ME 04401-2616 $7,150,000 Apr 2025 20,000 SF
25 Dowd, Bangor, ME 04401-6733 $2,465,353 Feb 2025 24,000 SF
74th Main, Bangor, ME 04401-6304 $1,100,000 Nov 2024 16,034 SF
729 Hogan, Bangor, ME 04401-3625 $1,321,739 Aug 2024 15,566 SF
38 School, Bangor, ME 04401-3237 $850,000 May 2024 11,000 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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