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    Patten, ME 04765

    • Banks
    • 1.66 lot acres
    OFF-MARKET
    Value Estimation
    $275,000
    Location Intelligence
    Property ID
    US42-0085864
    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

    Lot size
    1.66 lot acres
    Property type
    Banks
    APN
    U194 M:1982 B:70024 L:4
    APU
    U194M1982B70024L4

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $265,000

    • CAP approach

      CAP return
      Estimation
      6%
      $310,000
      6.5%
      $300,000
      7%
      $285,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $330,000
      Geo Method
      $290,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $305,000
      Retail
      $335,000
      Mixed-Use
      $345,000
      Hospitality
      $295,000
      Educational
      $300,000
      Residential Income
      $370,000
      Energy
      $350,000
      Income-Based Land
      $355,000
      Food Service
      $285,000

    Location Insight

    • Map
    • Local Demand
    City
    Patten
    County
    Penobscot
    State
    Maine
    Longitude
    -68.564
    Latitude
    46.1016
    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
    2018
    $1,780
    $111,250
    $160,900
    $272,150
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      3.00 Acres

      1040 Shin Pond Rd

      FINANCIAL BUILDING • 3.00 Acres
      1040 Shin Pond Rd, Mount Chase, ME 04765-4016
      View Details
    • Value Estimation by Request
      1.00 Acre

      12 Wapiti Rd

      FINANCIAL BUILDING • 1.00 Acre
      12 Wapiti Rd, Mount Chase, ME 04765-4045
      View Details
    • Value Estimation
      $290,000
      0.80 Acres

      4 Church St

      FINANCIAL BUILDING • 0.80 Acres
      4 Church St, Patten, ME 04765-3242
      View Details
    • Value Estimation by Request
      0.75 Acres

      47 Pleasant St

      FINANCIAL BUILDING • 0.75 Acres
      47 Pleasant St, Patten, ME 04765-3065
      View Details
    • Value Estimation by Request
      4,000 SF

      20 Main St

      Retail properties • 4,000 SF
      20 Main St, Patten, ME 04765
      View Details
    • Value Estimation by Request
      1,956 SF

      2 Founders St St

      Commercial real estate • 1,956 SF
      2 Founders St St, Patten, ME 04765
      View Details

    Similar Nearby for Sale

    • $299,500
      4,000 SF

      Renovated Commercial Outlet with Apartments

      Commercial building with storefront and two apartments in Patten, Maine.
      20 Main St, Patten, ME 04765
      View Details
    • $299,500
      4,000 SF

      Prime Patten Retail Opportunity

      Historic building, retail & apartments
      20 Main St, Patten, ME 04765
      View Details
    • $165,000
      164.00 Acres

      Patten, ME Land for Sale

      164+/- acre lot near Patten, prime hunting and recreation area.
      L3 Aroostook Scenic Hwy, Patten, ME 04765
      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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