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    Live-Work Commercial Building Title is generated by Realmo AI

    145 Main Street, Thomaston, ME 04861

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    Claim this Listing
    New
    For Sale
    $379,000

    COMMERCIAL - Thomaston, ME

    Property size:
    1,520 SF
    Lot size:
    0.12 Acres
    Price / SF:
    $249/SF
    Added:
    Jun 4, 2026
    Days on Market:
    3
    Last Refresh:
    Jun 6 at 9:06 am

    Property Features for 145 Main Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    Village Commercial
    Rooms
    Basement
    Basement
    Unfinished, Full
    Standard status
    Active
    Size
    1,520 SF
    Lot size
    0.12 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    7708

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Oil, Forced Air
    Water source
    Public

    Building Details

    Year built
    1986
    Building materials
    Wood Frame, Clapboard
    Roof type
    Shingle

    We can help!

    Listing Contact
    Bobbi Young

    Listing agent Bobbi Young

    Listing office Better Homes & Gardens Real Estate/The Masiello Group 318 Main Street, Rockland, ME

    Listing date Jun 4, 2026

    MLS# 1649243

    Copyright © 2026 Maine Listings. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Commercial building built in 1986
    • Wood frame construction with clapboard exterior
    • Heating includes oil and forced‑air systems
    • Public water and public sewer
    • Shingle roof
    • Includes a basement and an upstairs 2‑bedroom apartment; 48‑hour notice required for apartment access

    Overview

    This for-sale live-work commercial building includes commercial space plus an upstairs 2-bedroom apartment. The property is configured to support operating a business and maintaining on-site residence, or alternatively using the apartment as a separate rental option. Zoning is Village Commercial, giving buyers multiple business possibilities based on the allowable uses under that designation. Apartment showings require 48 hours’ notice.

    The building is located at 145 Main Street in Thomaston, Maine (Knox County). It sits on approximately 0.12 acres and has an overall building size of about 1,520 square feet, providing a compact footprint with a direct on-site live-and-work arrangement.

    For tenants and owners who want flexibility, the property’s combination of street-level commercial space and an upstairs residence can simplify daily operations and reduce commuting. For investors or business owners considering the apartment income stream, the apartment layout provides a clear second use within the same building, subject to the 48-hour notice requirement for viewing. Because the listing emphasizes zoning-driven options, buyers should review Village Commercial requirements to confirm specific business fits before moving forward.
    Property Profile Location Intelligence

    Current Use by Public Records

    Downeast Maritime Inc. Training Center Mid Coast First ... Building Supply

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Thomaston
    County
    Knox
    State
    Maine
    Longitude
    -69.182309
    Latitude
    44.0791989

    Nearby Similar for Sale

    • $697,500
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      Downtown Thomaston Mixed-Use Investment

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      189 Main Street, Thomaston, ME 04861
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    • $250,000
      2,100 SF

      Thomaston Commercial Property on Route One

      Commercial property with Route One visibility, suitable for various uses.
      2 Atlantic Highway, Thomaston, ME 04861
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    • $250,000
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      Former Garage on Route One

      Well-located commercial property with Route One visibility in Thomaston, Maine.
      2 Atlantic Highway, Thomaston, ME 04861
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    • $399,000
      1,520 SF

      Thomaston Mixed-Use Building For Sale

      Mixed-use building with residential apartment in prime Thomaston location.
      145 Main Street, Thomaston, ME 04861
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    FAQs

    What type of property is this?
    Live-work space - A commercial building with an upstairs 2-bedroom apartment, offering on-site flexibility under Village Commercial zoning.
    Where is this live-work space located?
    The property is located at 145 Main Street Thomaston, ME.
    What is the asking price?
    The asking price for this property is $379,000.
    What are key features of this property?
    This property features: Commercial building built in 1986; Wood frame construction with clapboard exterior; Heating includes oil and forced‑air systems
    (207) 691-0113
    We can help!
    Listing Contact
    Bobbi Young
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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