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Property profile & analytics
OFF-MARKET
Estimated value
$670,000
Office Spaces
700 Mt Hope Ave 23 Bangor, ME 04401-5691
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US42-0523152
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
1988
Total area
3,388 SF
Lot
0.98 ac (42,689 SF)
Zoning code
S&PS
APN
BANG M:R70 L:015 U:700-23
UPID
US42-0523152
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Tyler Technologies (Bike/Boat/Book/etc) Store Corporate Office
-
David Chase Law Law Firm
-
Mac Donald William E Law Firm
-
Tensegrity Health & Aesthetics Medical Clinic Skin Care Clinic
-
Macdonald Chase & Dufour: Holland Elaine M Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$785k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$670k
Owner & transaction history
Hse Properties LLC · 2 yrs held
Hse Properties LLC
since 2023
Last sale
$695,000
1 recorded transaction
Zoning & alternative use
S&PS · Bangor, ME
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Bangor submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bangor submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$850,000
6.5%
$785,000
7%
$730,000
Blend value · Realmo final
$670k
Range $603k – $737k · ±10% · vs last sale $695k (Jul 25 2023)
Last sale anchor
$695k
Jul 25 2023
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$198 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$6,731
Tax year 2023
Assessed value
$351,500
Assessed 2023
Previous assessed
$351,500
+0.0% YoY
Effective rate
1.91%
On assessed value
Assessed land
$103,200
Assessed improvement
$248,300
Applied tax rate
2,795.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Status
Off-Market
Year built
1988
Heating
GRAVITY
Cooling
YES
Stories
2
Total area
3,388 SF
Lot
0.98 ac (42,689 SF)
Zoning code
S&PS
APN
BANG M:R70 L:015 U:700-23
UPID
US42-0523152
Jurisdiction
BANGOR
Zoning & alternative use
S&PS · Bangor, ME
Zoning S&PS · permitted uses
S&PS · Bangor, ME
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Bangor. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1988
Heating
GRAVITY
Cooling
Yes
Stories
2
Lot
0.98 ac
Current owner
From public records · entity-resolved
Hse Properties LLC
Entity
Mailing address
700 MT HOPE AVE #23, BANGOR, ME 04401-5691
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 25, 2023
$695,000
Hse Properties LLC
Breakthrough Prop LLC
Quit Claim Arm's Length For Ne States
$759,700 · Bangor Savings Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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