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Property profile & analytics
OFF-MARKET
Estimated value
$645,000
Warehouses
977 Odlin Rd Bangor, ME 04401-6715
Individually Owned
18-yr Hold
Absentee Owner
Property ID
US42-0010574
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2003
Total area
8,800 SF
Lot
1.98 ac (86,249 SF)
Zoning code
UID
APN
BANG M:R10 L:001-C
UPID
US42-0010574
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
$385k
CAP Approach
CAP
$900k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$645k
Owner & transaction history
Paul R Theriault · 18 yrs held
Paul R Theriault
since 2007
6 recorded transactions
Zoning & alternative use
UID · Bangor, ME
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Bangor submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bangor 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
by Request
ML approach
$385,000
CAP Approach
CAP Return
Estimation
6%
$975,000
6.5%
$900,000
7%
$835,000
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$850,000
Change: 0% · Conversion: Easy
RESTAURANT
$830,000
Change: 0% · Conversion: Difficult
OFFICE BUILDING
$760,000
Change: 0% · Conversion: Difficult
COMMERCIAL (GENERAL)
$560,000
Change: 0% · Conversion: Difficult
RETAIL STORES
$545,000
Change: 0% · Conversion: Moderate
Blend value · Realmo final
$645k
Range $581k – $710k · ±10%
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
$73 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$10,067
Tax year 2024
Assessed value
$542,700
Assessed 2024
Previous assessed
$502,200
+8.1% YoY
Effective rate
1.85%
On assessed value
Assessed land
$74,400
Assessed improvement
$468,300
Applied tax rate
2,795.0000
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
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2003
Heating
SPACE
Stories
2
Total area
8,800 SF
Lot
1.98 ac (86,249 SF)
Zoning code
UID
APN
BANG M:R10 L:001-C
UPID
US42-0010574
Jurisdiction
BANGOR
Zoning & alternative use
UID · Bangor, ME
Zoning UID · permitted uses
UID · Bangor, ME
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Bangor. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$850,000
RESTAURANT
Est. value
$830,000
OFFICE BUILDING
Est. value
$760,000
COMMERCIAL (GENERAL)
Est. value
$560,000
RETAIL STORES
Est. value
$545,000
AUTO REPAIR, GARAGE
RESTAURANT
OFFICE BUILDING
COMMERCIAL (GENERAL)
RETAIL STORES
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
2003
Heating
SPACE
Stories
2
Lot
1.98 ac
Current owner
From public records · entity-resolved
Paul R Theriault
Individual
Mailing address
1936 LEE RD STE #300, WINTER PARK, FL 32789-7202
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 3, 2017
—
Precision Trucking INC
—
Deed
related
$150,000 · Td Bk NA
Aug 24, 2016
—
Atlantic Investments INC
—
Deed
related
$280,650 · Machias Savings Bk
Mar 14, 2013
—
Paving Precision
—
Deed Of Trust
related
$334,756 · Worth Funding INC
Aug 5, 2008
—
Precision Paving
—
Deed Of Trust
related
$225,000 · Machias Savings Bank
Oct 1, 2007
—
Paul R Theriault
Libby Raymond B Est
Grant Deed
$245,000 · Machias Savings Bank
—
—
Precision Trucking INC
—
Deed Of Trust
related
$150,000 · Td Bk NA
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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