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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    83 Farm Rd Bangor, ME 04401-6831

    • Showrooms
    • 2,912 SF
    • 0.34 lot acres
    OFF-MARKET
    Value Estimations
    $340,000
    Show details
    Cap Rate Potential
    6.6%
    Showrooms
    Location Intelligence
    Property ID
    US42-0267646
    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.

    Current Use by Public Records

    • A-Copi / Professional Services / Commercial Printer
    • Kinney Office Systems / Commercial Printer / Office Supply Store
    • Visual Edge IT New England | Bangor | Maine / Computer Support And Services

    Property Details for 83 Farm Rd

    Year built
    1958
    Lot size
    0.34 lot acres
    Property size
    2,912 SF
    Zone code
    I&S
    Property type
    Showrooms
    APN
    BANG M:017 L:061-A
    APU
    BANGM017L061A

    Description

    This exceptional 3,000 square foot freestanding flex/office building presents a unique opportunity in Bangor, Maine. Situated on a 0.34-acre lot, this single-tenant property offers a versatile space ideal for a variety of businesses. Built in 1958 and renovated in 1993, the building is classified as Class B and features one story with 140 feet of frontage. The property includes a convenient drive-in bay, perfect for loading and unloading. The zoning is I&S (Industry and Service), allowing for a range of commercial uses. Ample on-site paved parking is available for employees and clients. Its strategic location provides easy access to Interstate 395 and is just minutes away from Maine Turnpike Exits 182A & 182B, ensuring excellent connectivity. The building's proximity to established businesses like Beal University, Bangor Pipe & Supply, and Wesco further enhances its appeal. The entire 3,000 square feet is currently vacant, offering immediate occupancy. The property's APN is 017/061A, located in Penobscot County. Lease rate is $12.00 per square foot, NNN. This property is an excellent investment opportunity for businesses seeking a well-located, functional space in a thriving area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $315,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $350,000
      6.5%
      $320,000
      7%
      $300,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $401,000
      Market price range: $129k - $481k
      AI Estimate
      $229,000
      Market price range: $93.4k - $301k

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $325,000
      Current use
      RETAIL STORES
      $300,000
      Change: -7% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Bangor
    County
    Penobscot
    State
    Maine
    Longitude
    -68.7842
    Latitude
    44.7861
    CBSA code
    12620
    CBSA name
    BANGOR, ME METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $4,688
    $26,600
    $218,200
    $244,800
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,210,000
      70,240 SF

      92 Perry Rd

      SHOW ROOM, WAREHOUSE • 70,240 SF
      92 Perry Rd, Bangor, ME 04401-6720
      View Details
    • Value Estimation
      $1,225,000
      45,461 SF

      200 Sylvan Rd

      SHOW ROOM, WAREHOUSE • 45,461 SF
      200 Sylvan Rd, Bangor, ME 04401-4221
      View Details
    • Value Estimation
      $670,000
      16,640 SF

      35 Vly Vw Ln

      SHOW ROOM, WAREHOUSE • 16,640 SF
      35 Vly Vw Ln, Bangor, ME 04401-2989
      View Details
    • Value Estimation
      $1,255,000
      45,328 SF

      485 Grandview Ave

      SHOW ROOM, WAREHOUSE • 45,328 SF
      485 Grandview Ave, Bangor, ME 04401-3206
      View Details
    • Value Estimation
      $785,000
      21,798 SF

      219 Griffin Rd

      SHOW ROOM, WAREHOUSE • 21,798 SF
      219 Griffin Rd, Bangor, ME 04401-2812
      View Details
    • Value Estimation
      $465,000
      4,536 SF

      1 Dillingham St

      SHOW ROOM, WAREHOUSE • 4,536 SF
      1 Dillingham St, Bangor, ME 04401-6803
      View Details

    Similar Nearby for Sale

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      Modern commercial building with showroom, office, and garage space.
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    Similar Nearby for Lease

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      In-line retail space with central AC and garage access.
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      View Details
    • Contact for pricing
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      Retail spaces available at a well-located shopping center.
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      Retail Space Near Bangor Mall

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    83 Farm Rd
    Bangor, ME 04401-6831
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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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