Property profile

589 Commercial St Rockport, ME 04856

OFF-MARKET
Other investment properties
Property ID
US42-0383156
3,447 SF 1.66 ac lot Built 1998
Individually Owned ~ Est. High Equity
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Property summary

AI-generated overview

A mixed-use property totaling 3,447 square feet, situated on a 1.66-acre lot with frontage on Route One. The building is zoned for commercial use and has been configured to support both residential and commercial functions: the second floor contains a three-bedroom, two-bath residence with an expansive primary suite and a private back deck. The first floor has a layout designed for commercial use, featuring multiple office spaces that can be used separately for independent businesses or combined for larger operations. A walkout lower level provides open space suitable for a workshop, vehicle storage, or personal storage. The property’s location along a high-traffic corridor provides visibility and is positioned within minutes of Rockport and Camden.

Property profile

Verified
Property type Other investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1998
Construction FRAME
Total area 3,447 SF
Lot 1.66 ac (72,310 SF)
APN ROCT M:014 B:019
UPID US42-0383156

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

589 Commercial St Rockport, ME 04856-4250
Rockport metro Census 970500 ROCKLAND, ME MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$558k
Blend (final) Blend
$270k

Owner & transaction history

since 2025
Last sale
$536,000
5 recorded transactions
2025
$536,000
2013
Price N/A
2013
Price N/A
2008
Price N/A
2006
Price N/A

Zoning & alternative use

Top alternative use upside
Retail stores $710,000 +36.5%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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