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Property profile & analytics
OFF-MARKET
Estimated value
$815,000
Investment properties
969 Washington St, Bath, ME 04530-2650
Entity Owned
2-yr Hold
Property ID
US42-0509090
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1810
Construction
FRAME
Total area
4,792 SF
Lot
0.32 ac (13,939 SF)
Zoning code
R1
APN
BTTH M:26 L:199
UPID
US42-0509090
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$830k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$632k
Blend (final)
Blend
$815k
Owner & transaction history
Right Bridge Prop LLC · 2 yrs held
Right Bridge Prop LLC
since 2023
Last sale
$950,000
7 recorded transactions
Zoning & alternative use
R1 · Bath, ME
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$710,000
+31.6%
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 Bath submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bath 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
$725,000
ML approach
$830,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$540,000
Current use
OFFICE BUILDING
$710,000
Change: +32% · Conversion: Easy
AUTO REPAIR, GARAGE
$495,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$815k
Range $734k – $897k · ±10% · vs last sale $950k (Dec 1 2023)
Last sale anchor
$950k
Dec 1 2023
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
$170 / 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
$10,622
Tax year 2023
Assessed value
$628,500
Assessed 2023
Previous assessed
$628,500
+0.0% YoY
Effective rate
1.69%
On assessed value
Assessed land
$57,800
Assessed improvement
$570,700
Applied tax rate
3,355.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1810
Construction
FRAME
Heating
STEAM
Buildings
1
Stories
2
Units
2
Rooms
15
Bathrooms
11
Total area
4,792 SF
Lot
0.32 ac (13,939 SF)
Zoning code
R1
APN
BTTH M:26 L:199
UPID
US42-0509090
Jurisdiction
BATH
Zoning & alternative use
R1 · Bath, ME
Zoning R1 · permitted uses
R1 · Bath, ME
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Bath. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$540,000
OFFICE BUILDING
Est. value
$710,000
AUTO REPAIR, GARAGE
Est. value
$495,000
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
1810
Construction
FRAME
Heating
STEAM
Stories
2
Buildings
1
Units
2
Rooms
15
Bathrooms
11
Lot
0.32 ac
Current owner
From public records · entity-resolved
Right Bridge Prop LLC
Entity
Mailing address
969 WASHINGTON ST, BATH, ME 04530-2650
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 1, 2023
$950,000
Right Bridge Prop LLC
Jaqueline Pierce Re LLC
Quit Claim Arm's Length For Ne States
$487,500 · Kathadin Trust Co
Dec 1, 2023
—
Right Bridge Prop LLC
—
Deed
related
$302,000 · Granite State Economic Development Corp
Sep 29, 2020
—
Jacqueline Pierce R & E LLC
Elizabeth B Knowlton
Warranty Deed
$550,000 · Machias Svgs Bk
Mar 19, 2007
—
Elizabeth B Knowlton
—
Deed Of Trust
related
$20,000 · City Of Portland (me)
Jun 2, 2005
—
Elizabeth Knowlton
—
Deed Of Trust
related
$1 · Granite State Economic Develop
May 31, 2005
—
Elizabeth Knowlton
—
Deed Of Trust
related
$350,000 · City Of Portland (me)
Feb 16, 2005
—
969 Washington St Corp
—
Deed Of Trust
related
$220,000 · City Of Portland (me)
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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