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Property profile & analytics
FOR LEASE
Retail properties & Spaces
76 Main St Freeport, ME 04032
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US42-0270009
For Lease
1 / 2
$20 SF/Yr
76 Main St, Freeport, ME 04032
View Listing →
Property profile
Verified
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Year built
1980
Construction
FRAME
Total area
15,170 SF
Lot
0.29 ac (12,632 SF)
Zoning code
CM01
APN
FPRT M:11 B:108 L:0 U:0
UPID
US42-0270009
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
-
Polo Ralph Lauren Factory Store Outlet Store Women'S Clothing Store
-
Fjällräven Outlet - Freeport Clothing Store
-
B W & Sons Roofing Inc Roofing Company General Contractor
-
Kelley Brothers Development Construction Company General Contractor
-
Roof Specialists Roofing Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.09M
CAP Approach
CAP
$2.44M
Comparable Approach
Comparable
$1.93M
Blend (final)
Blend
$2.03M
Owner & transaction history
76 Main LLC · 3 yrs held
76 Main LLC
since 2022
Last sale
$1.8M
2 recorded transactions
Zoning & alternative use
CM01 · Freeport, ME
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$2.9M
+2.2%
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 Freeport submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Freeport 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
$2,090,000
ML approach
$2,085,000
CAP Approach
CAP Return
Estimation
6%
$2,645,000
6.5%
$2,440,000
7%
$2,265,000
Alternative Use
Use
Estimation
RETAIL STORES
$2,875,000
Current use
OFFICE BUILDING
$2,935,000
Change: +2% · Conversion: Easy
Blend value · Realmo final
$2.03M
Range $1.82M – $2.23M · ±10% · vs last sale $1.81M (Nov 21 2022)
Last sale anchor
$1.81M
Nov 21 2022
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
$133 / 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
$36,279
Tax year 2023
Assessed value
$2,638,500
Assessed 2023
Previous assessed
$3,606,500
-26.8% YoY
Effective rate
1.37%
On assessed value
Assessed land
$1,645,100
Assessed improvement
$993,400
Applied tax rate
26,525.0000
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
Retail properties & Spaces
Use group
DEPARTMENT STORE
Status
For Lease
Year built
1980
Construction
FRAME
Heating
HEAT PUMP
Cooling
YES
Buildings
1
Stories
2
Bathrooms
99
Total area
15,170 SF
Lot
0.29 ac (12,632 SF)
Zoning code
CM01
APN
FPRT M:11 B:108 L:0 U:0
UPID
US42-0270009
Jurisdiction
FREEPORT
Zoning & alternative use
CM01 · Freeport, ME
Zoning CM01 · permitted uses
CM01 · Freeport, ME
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Freeport. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$2.9M
OFFICE BUILDING
Est. value
$2.9M
RETAIL STORES Current
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1980
Construction
FRAME
Heating
HEAT PUMP
Cooling
Yes
Stories
2
Buildings
1
Bathrooms
99
Lot
0.29 ac
Current owner
From public records · entity-resolved
76 Main LLC
Entity
Mailing address
76 MAIN ST, FREEPORT, ME 04032-1214
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 21, 2022
$1,806,638
76 Main LLC
Freeport Group LLC
Quit Claim Arm's Length For Ne States
$5,682,250 · Androscoggin Savings Bank
Nov 18, 2008
—
Freeport Group LLC
Daniel G Kamin Bow St LLC
Grant Deed
related
—
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.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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