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76 Main St, Freeport, ME 04032
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Property summary
AI-generated overview
A two-level retail storefront located at 76 Main Street in downtown Freeport within the area’s primary shopping district, offering expansive sales-floor space and a flexible interior layout for multiple retail merchandising configurations. The buildout includes hardwood flooring, large display windows, and an efficient customer circulation plan across both levels, with dedicated fitting rooms, merchandising zones, and customer flow corridors. The open floor-plate design supports varied showroom and branded retail formats, including apparel, lifestyle, outdoor, and experiential retail uses, with retail-ready infrastructure incorporated into the space.
Property profile
Verified
Property type
Other retail properties
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
Current use
Occupant on record · Public records
-
Clothing Store Children'S Clothing Store
-
Clothing Store
-
Roofing Company General Contractor
-
Construction Company General Contractor
-
Roofing Company General Contractor
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.09M
CAP Approach
CAP
$2.44M
Comparable Approach
Comparable
$1.93M
Blend (final)
Blend
$2.09M
Owner & transaction history
since 2022
Last sale
$1.8M
2 recorded transactions
Zoning & alternative use
CM01 · Freeport, ME
Top alternative use upside
Office building
$2.9M
+2.2%
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.
Unlock the complete Valuation workflow
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
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Summary
1
Valuation conclusion
Included free
Estimated market value
$2.09M
Value range
$1.88M – $2.30M
±10% around blend
Estimated value / SF
$138 / SF
Confidence
Property data
100
Market benchmarks
33
Comparable evidence
60
$1.88M
blend $2.09M
$2.30M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
15,170 SF
Lot area
0.29 ac
Year built
1980
Stories
2
APN
FPRT M:11 B:108 L:0 U:0
Zoning
CM01
Assessed value
$2,638,500
Annual tax
$36,279
3
Income approach: direct capitalization
Partial preview
Income approach indication
$2.44M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$2.65M
@ 6.5% CAP return
$2.44M
@ 7% CAP return
$2.27M
4
Sales comparison
Partial preview
Sales approach indication
$1.93M
Range $748k – $2.64M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$2.09M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 86 sales
$190
-27%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $138/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Office Building
Gross theoretical uplift
+2%
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
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Overview
Implied cap rate
7.60%
Implied, in-place cap rate for this other retail properties
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 7.60%
9.0%
NOI (est.)
$126k *
Last sale · Nov 2022
$1.81M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$1.66M
Move the market yield to see immediate price impact.
Value / SF
$110
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
7.10%7.60%8.10%
$114k
$1.60M
$1.50M
$1.41M
$126k
$1.78M
$1.66M
$1.56M
$139k
$1.96M
$1.83M
$1.72M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
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
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
Other retail properties
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, MEZoning CM01 · permitted uses
CM01 · Freeport, 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
1980
Construction
FRAME
Heating
HEAT PUMP
Cooling
Yes
Stories
2
Buildings
1
Bathrooms
99
Lot
0.29 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
CM01
Jurisdiction
Freeport, ME
Recorded code
CM01
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Owner identityResolved entity and name variants
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Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
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