Entity Owned Property summary
AI-generated overview
This exceptional investment opportunity presents a 17,800 square foot, multi-tenanted commercial building situated on a 1.89-acre lot at 720 Broadway in Bangor, Maine. Currently 100% leased, the property boasts a diverse tenant mix including Advance Auto, Subway, Pine State Nutrition, Game Citadel, and Marijuanaville. The main 16,000 square foot building features a steel frame construction, while an 1,800 square foot addition is built with a wood frame on a concrete slab and a pre-engineered asphalt shingle roof. Recent renovations and updates throughout the building include new HVAC units in each unit, all completed within the past two years. The building is fully sprinklered and exceptionally well-maintained. Significant upside potential exists due to below-market rents on some leases, offering substantial NOI growth opportunities over the next five years through lease renewals. The property benefits from a cross easement with Walgreens Pharmacy, and enjoys a prime location with high visibility alongside other major retailers such as Hannaford Supermarket, T.J. Maxx, U.S. Cellular, and Katahdin Trust. This property offers an investor the chance to capitalize on tax benefits and strong income growth in a highly desirable location. The asking price is $3,299,000.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1984
Total area
17,800 SF
Lot
1.89 ac (82,328 SF)
Zoning code
S&PS
APN
BANG M:R41 L:003-C
UPID
US42-0160322
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Electronics & Wireless Store (Bike/Boat/Book/etc) Store
-
Take-out & Catering
-
(Bike/Boat/Book/etc) Store
-
Specialty Food Shop (Bike/Boat/Book/etc) Store
-
Auto Parts Store
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.29M
Comparable Approach
Comparable
$1.50M
Blend (final)
Blend
$1.76M
Owner & transaction history
since 2025
3 recorded transactions
Zoning & alternative use
S&PS · Bangor, ME
Top alternative use upside
Commercial (general)
$2.0M
+7.9%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
2 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Professional Plan · 30 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$1.76M
Value range
$1.58M – $1.93M
±10% around blend
Estimated value / SF
$99 / SF
Confidence
Property data
100
Market benchmarks
100
Comparable evidence
60
$1.58M
blend $1.76M
$1.93M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
17,800 SF
Lot area
1.89 ac
Year built
1984
Stories
2
APN
BANG M:R41 L:003-C
Zoning
S&PS
Assessed value
$1,602,200
Annual tax
$30,682
3
Income approach: direct capitalization
Partial preview
Income approach indication
$2.29M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$2.48M
@ 6.5% CAP return
$2.29M
@ 7% CAP return
$2.13M
4
Sales comparison
Partial preview
Sales approach indication
$1.50M
Range $616k – $1.69M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$1.76M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 20 sales
$103
-4%
Submarket 20 sales
$103
-4%
County 28 sales
$113
-13%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $99/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Commercial (general)
Gross theoretical uplift
+8%
vs current-use indication
Retail Stores · current use
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$1.60M
Move the market yield to see immediate price impact.
Value / SF
$90
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$101k
$2.02M
$1.44M
$1.12M
$112k
$2.24M
$1.60M
$1.25M
$123k
$2.47M
$1.76M
$1.37M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$30,682
Tax year 2023
Assessed value
$1,602,200
Assessed 2023
Previous assessed
$1,468,300
+9.1% YoY
Effective rate
1.91%
On assessed value
Assessed land
$497,500
Assessed improvement
$1,104,700
Applied tax rate
2,795.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1984
Heating
GRAVITY
Cooling
YES
Stories
2
Total area
17,800 SF
Lot
1.89 ac (82,328 SF)
Zoning code
S&PS
APN
BANG M:R41 L:003-C
UPID
US42-0160322
Jurisdiction
BANGOR
Zoning & alternative use
S&PS · Bangor, MEZoning S&PS · permitted uses
S&PS · Bangor, ME
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1984
Heating
GRAVITY
Cooling
Yes
Stories
2
Lot
1.89 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
S&PS
Jurisdiction
Bangor, ME
Recorded code
S&PS
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for S&PS in Bangor, ME.
What opens after registration
Zoning profile
2 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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