Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    680 Commercial St Rockport, ME 04856
    Property profile & analytics

    680 Commercial St Rockport, ME 04856

    View on Map
    • Commercial real estate
    • 12,569 SF
    • 6.88 lot acres
    For Sale
    $1,695,000
    View Listing →
    Mixed-Use Property in Midcoast Maine For Sale
    $1,695,000
    24,779 SF

    Mixed-Use Property in Midcoast Maine

    24,779± SF mixed-use property with office, retail, warehouse, residential buildings.

    680 Commercial St, Rockport, ME 4856
    View Listing
    Property ID
    US42-0512519
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Hillstream Kingdom / Specialty Food Shop / Fish Market
    • Shooting Sportsman / Entertainment And Recreation
    • Down East magazine / Publishing House
    • Maine Homes / Real Estate Agency

    Property Details for 680 Commercial St

    Year built
    1900
    Construction
    FRAME
    Lot size
    6.88 lot acres
    Property size
    12,569 SF
    Property type
    Commercial real estate
    APN
    ROCT M:010 B:190
    APU
    ROCTM010B190

    Description

    This exceptional mixed-use property at 680 Commercial Street in Rockport, Maine, presents a compelling redevelopment opportunity. The 6.88-acre lot features three buildings totaling 31,720 square feet, situated on a highly visible section of Route One in the heart of Midcoast Maine. The property includes approximately 20,652 square feet of office/retail space, a 7,180 square feet warehouse building, and a 3,888 square feet residential building. The buildings boast stunning architectural details, reflecting their 1900 construction. The property is zoned for Mixed Business Residential use, offering considerable flexibility for future development. Three loading docks are available at the warehouse. Ample on-site parking is provided. The asking price is $2,300,000, translating to $72.51 per square foot. The property's APN is Map 10, Lot 190, and it's located in Knox County, Maine, zip code 04856. This unique offering combines historical charm with significant redevelopment potential in a desirable Maine coastal location. The three-story buildings offer a variety of possibilities for adaptive reuse and expansion. This is an exceptional opportunity for investors seeking a high-impact project in a thriving community.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,350,000
      Market price range: $660k - $1.86M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $1,900,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Rockport
    County
    Knox
    State
    Maine
    Longitude
    -69.0844
    Latitude
    44.1558
    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
    2022
    $24,011
    $298,000
    $1,256,100
    $1,554,100
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,390,000
      9,404 SF

      1 Main St

      COMMERCIAL (GENERAL) • 9,404 SF
      1 Main St, Rockport, ME 04856-5960
      View Details
    • Value Estimation by Request
      2,160 SF

      407 Ww St

      SHOW ROOM, WAREHOUSE • 2,160 SF
      407 Ww St, Rockport, ME 04856-5307
      View Details
    • Value Estimation by Request
      2,889 SF

      141 Commercial St

      COMMERCIAL (GENERAL) • 2,889 SF
      141 Commercial St, Rockport, ME 04856
      View Details
    • Value Estimation by Request
      2,427 SF

      264 Mdw St

      COMMERCIAL (GENERAL) • 2,427 SF
      264 Mdw St, Rockport, ME 04856-5324
      View Details
    • Value Estimation
      $700,000
      9,278 SF

      446 Ww St

      COMMERCIAL (GENERAL) • 9,278 SF
      446 Ww St, Rockport, ME 04856-5301
      View Details
    • Value Estimation
      $565,000
      3,696 SF

      309 Commercial St

      SHOW ROOM, WAREHOUSE • 3,696 SF
      309 Commercial St, Rockport, ME 04856-4403
      View Details

    Similar Nearby for Sale

    • $89,000
      1.42 Acres

      Rockport Land with Water Views

      Open lot with water views in desirable Rockport neighborhood.
      Hawthorne Dr, Rockport, ME 04856
      View Details
    • $529,000

      Modern Multi-Flex Commercial Building

      Versatile commercial building with high-visibility location and modern flex space.
      485 Commercial St, Rockport, ME 04856
      View Details
    • $465,000
      2,811 SF

      Rockport Multi-Family Living Spaces

      Two detached homes on 4.06 acres in Rockport, Maine.
      810 Rockland St, Rockport, ME 04856
      View Details
    • $2,850,000
      10,812 SF

      Renovated Hotel in Midcoast Maine

      20-key hotel with additional residence near Camden and Rockland.
      337 Commercial St, Rockport, ME 04856
      View Details
    • $78,900
      1.79 Acres

      Rockport Land with Cleared Lot

      1.79± acre cleared lot in Rockport, Maine.
      671 Rockland St, Rockport, ME 04856
      View Details
    • $195,000
      1,514 SF

      Rockport Retail Space - High Visibility

      Prime Route 17 Retail/Office Opportunity
      638 Rockland St, Rockport, ME 04856
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    680 Commercial St
    Rockport, ME 04856
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    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
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    680 Commercial St, Rockport, ME, 04856
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!