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    82 Water St Eastport, ME 04631
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    Property profile & analytics

    82 Water St Eastport, ME 04631

    View on Map
    • Conventional restaurants
    • 2,200 SF
    Off-Market
    Property ID
    US42-0378713
    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

    • Breakwater Bagels and More / Cafe & Coffee Shop
    • Flowers By Paula / (Bike/Boat/Book/etc) Store / Florist

    Property Details for 82 Water St

    Year built
    1900
    Property size
    2,200 SF
    Property type
    Conventional restaurants
    Property subtype
    Single family properties

    Description

    Don't miss out on this great opportunity to own your business with breath taking views of Passamaquoddy Bay. Located on Water street where all the shops, galleries & restaurants are in Eastport. Lots of foot traffic with summer & fall bringing cruise ships to explore this charming area of Maine. The ... 1st floor cafe is ready to go - full commercial kitchen & sitting area with water views. Being sold complete with all inventory. Previously home to Breakwater Bagels, this turnkey spot is all ready for your business ideas - How about a sandwich shop or burrito cafe? Maybe wraps & soups? Eastport is very business friendly with locals & visitors very supportive of new businesses! The second floor accessible via separate entrance, is a newly renovated fully furnished apartment with a gorgeous view of the bay - great history of past rentals. Both top & bottom floors are wired with brand new full building generator. Call for appointment.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Eastport
    County
    Washington
    State
    Maine
    Longitude
    -66.9848359
    Latitude
    44.9054093

    Comparable in this City

    • $850,000
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      Eastport Waterfront Commercial Gem

      Historic building, 4,313 sq ft, high potential
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      View Details
    • Contact for pricing
      0.23 Acres

      Eastport Land Near State Park

      0.23-acre lot in Eastport, Maine, near Shackford Head State Park.
      M3 Janney St, Eastport, ME 04631
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      0.19 Acres

      Eastport Land Near State Park

      0.19-acre lot near Shackford Head State Park.
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    • $89,000
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      Eastport Land with Sunset Views

      One-acre surveyed lot with power, driveway, and sunset views.
      Rt 190 Rd, Eastport, ME 04631
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    • $85,000
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      Eastport Land with Ocean Views

      2.78 acre lot with ocean views in Eastport, Maine.
      27 Redoubt Hill Rd, Eastport, ME 04631
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    • $49,900
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      Two Residential Lots in Eastport

      Two in-town lots totaling 0.42 acres in Eastport, Maine.
      MD3 L7&11 Barton St, Eastport, ME 04631
      View Details

    Similar Nearby for Sale

    • $850,000
      4,313 SF

      Eastport Waterfront Commercial Gem

      Historic building, 4,313 sq ft, high potential
      49-55 Water St St, Eastport, ME 04631
      View Details
    • Contact for pricing
      0.23 Acres

      Eastport Land Near State Park

      0.23-acre lot in Eastport, Maine, near Shackford Head State Park.
      M3 Janney St, Eastport, ME 04631
      View Details
    • Contact for pricing
      0.19 Acres

      Eastport Land Near State Park

      0.19-acre lot near Shackford Head State Park.
      M3 Deeks St, Eastport, ME 04631
      View Details
    • $89,000
      1.00 Acre

      Eastport Land with Sunset Views

      One-acre surveyed lot with power, driveway, and sunset views.
      Rt 190 Rd, Eastport, ME 04631
      View Details
    • $85,000
      121,097.00 Acres

      Eastport Land with Ocean Views

      2.78 acre lot with ocean views in Eastport, Maine.
      27 Redoubt Hill Rd, Eastport, ME 04631
      View Details
    • $49,900
      0.42 Acres

      Two Residential Lots in Eastport

      Two in-town lots totaling 0.42 acres in Eastport, Maine.
      MD3 L7&11 Barton St, Eastport, ME 04631
      View Details
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    Eastport, ME 04631
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    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
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