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    Property profile & analytics

    Andover, ME 04216

    • Banks
    • 1,009 SF
    • 0.50 lot acres
    OFF-MARKET
    Value Estimation
    $465,000
    Location Intelligence
    Property ID
    US42-0581173
    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

    • Banks

    Property Details

    Year built
    1920
    Lot size
    0.50 lot acres
    Property size
    1,009 SF
    Property type
    Banks
    APN
    ANDR M:017 L:021
    APU
    ANDRM017L021

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Andover
    County
    Oxford
    State
    Maine
    Longitude
    -70.751
    Latitude
    44.6315

    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
    $1,692
    $23,710
    $85,453
    $109,163
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $515,000
      960 SF

      Andover, ME 04216

      RETAIL STORES (PERSONAL SERVICES) • 960 SF
      Andover, ME 04216
      View Details
    • Value Estimation
      $355,000
      0.32 Acres

      Andover, ME 04216

      RETAIL STORES (PERSONAL SERVICES) • 0.32 Acres
      Andover, ME 04216
      View Details
    • Value Estimation
      $470,000
      2,296 SF

      Andover, ME 04216

      RETAIL STORES (PERSONAL SERVICES) • 2,296 SF
      Andover, ME 04216
      View Details
    • Value Estimation by Request
      1,000 SF

      14 Main St

      RESTAURANT • 1,000 SF
      14 Main St, Andover, ME 04216
      View Details
    • Value Estimation by Request
      21.10 Acres

      Andover, ME 04216

      COMMERCIAL (GENERAL) • 21.10 Acres
      Andover, ME 04216
      View Details
    • Value Estimation by Request
      2,400 SF

      48 Main St

      Commercial real estate • 2,400 SF
      48 Main St, Andover, ME 04216
      View Details

    Similar Nearby for Sale

    • $525,000
      2,400 SF

      Turnkey Auto Repair Shop

      Thriving auto repair business with expansion potential on nearly an acre.
      48 S Main St, Andover, ME 04216
      View Details
    • $72,900
      10.40 Acres

      Andover, ME Land Opportunity

      10.4 acre corner lot perfect for building a home.
      Sawyer Notch Rd, Andover, ME 04216
      View Details
    • $89,900
      10.00 Acres

      Recreational Land in Western Maine

      10-acre parcel ideal for recreational getaway in Western Maine.
      Sawyer Notch Rd, Andover, ME 04216
      View Details
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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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