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    Property profile & analytics

    884 Kennedy Memorial Dr Oakland, ME 04963-4825

    • Commercial real estate
    • 1.40 lot acres
    OFF-MARKET
    Value Estimation
    $260,000
    Location Intelligence
    Property ID
    US42-0422963
    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

    • Commercial real estate

    Property Details for 884 Kennedy Memorial Dr

    Lot size
    1.40 lot acres
    Zone code
    HIGHWA
    Property type
    Commercial real estate
    APN
    OAKL M:005 L:089
    APU
    OAKLM005L089

    Description

    This exceptional commercial property, located at 884 Kennedy Memorial Drive in Oakland, Maine, presents a unique investment opportunity. Priced at $650,000, this 1.4-acre lot boasts a substantial 3,800 square feet of retail space distributed across multiple buildings. The property enjoys excellent visibility and high traffic counts due to its strategic location on Kennedy Memorial Drive, directly across from Mid-Maine Marine. The expansive lot offers over 300 feet of road frontage, providing ample space for signage and customer access. The versatile layout of multiple buildings allows for diverse business applications and potential expansion. This property is ideal for entrepreneurs seeking a high-profile location with significant development potential in a thriving Maine community. The 04963 zip code ensures easy access to local amenities and a strong customer base. The property's size and location make it an attractive option for a variety of retail businesses seeking a prominent presence in Oakland. This is a rare opportunity to acquire a well-positioned commercial property in a desirable market. The square footage reflects the combined area of the multiple buildings on the site.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Oakland
    County
    Kennebec
    State
    Maine
    Longitude
    -69.7094
    Latitude
    44.5451
    CBSA code
    12300
    CBSA name
    AUGUSTA-WATERVILLE, ME MICROPOLITAN 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
    $4,949
    $97,600
    $246,100
    $343,700
    -
    $0.00
    $0.00
    $0.00

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    Oakland, ME 04963-4825
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    Realmo Value Estimation

    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.

    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.

    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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