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    256 Presque Isle Road Ashland, ME 04732

    View on Map
    For Sale
    $848,500

    SINGLE_FAMILY - Ashland, ME

    Type:Retail
    Property size:
    10,531 SF
    Lot size:
    3.09 Acres
    Added:
    Aug 7, 2025
    Days on Market:
    241
    Last Refresh:
    Apr 4 at 9:06 am

    Property Features for 256 Presque Isle Road

    General Information

    Property type
    Residential
    Property subtype
    Retail
    Zoning
    Commercial
    Standard status
    Active
    Size
    10,531 SF
    Lot size
    3.09 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    10540

    Utilities

    Sewer type
    Private Sewer
    Heating system
    Heat Pump (Heating), Forced Air
    Cooling system
    Heat Pump
    Water source
    Private

    Building Details

    Year built
    1982
    Building materials
    Vinyl Siding, Wood Frame
    Roof type
    Shingle

    We can help!

    Listing Contact
    Jennifer Pitcairn

    Listing agent Jennifer Pitcairn

    Listing office Aroostook Real Estate 267 W Main Street, Fort Kent, ME

    Listing date Aug 7, 2025

    MLS# 1633355

    Copyright © 2025 Maine Real Estate Information System, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Ashland, ME Grocery Store Opportunity

    This is an opportunity to own and operate the only grocery store in a rural Maine community, with no other comparable retail grocery options nearby. The property is strategically located as the final commercial stop before the Ashland Gate to the North Maine Woods and on an East/West trucking route. It experiences consistent traffic from outdoor recreationists year-round, with direct access to both ATV and snowmobile trail systems. The business historically produced strong revenue servicing multiple surrounding communities. It offers a wide range of goods including groceries, alcohol, tobacco, and propane, with supplemental income from an auxiliary building lease. The sale includes real estate, business assets, inventory, and an established customer base. The property is located at 256 Presque Isle Road, Ashland, ME 04732, in Aroostook County. The lot size is 3.09 acres and the property size is 10,531 square feet. The zoning is commercial.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Ashland Food Mart ... Grocery & Convenience Store

    Suggested Use

    Restaurant Dental Office Big Box & Wholesale Store Hotel & Motel Department Store Kitchen & Bath Showroom Auto Parts Store Pharmacy HVAC Service Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Ashland
    County
    Aroostook
    State
    Maine
    Longitude
    -68.3895194
    Latitude
    46.6271192

    Nearby Similar for Sale

    • $275,000
      3,636 SF

      Five-Unit Apartment Building in Ashland

      Five-unit apartment building with rental history, convenient to amenities.
      6 Exchange Street, Ashland, ME 04732
      View Details
    • $995,000
      11,640 SF

      Ashland Commercial Milling Complex

      Large-scale milling complex on 17.64 acres in Ashland, Maine.
      27 Clark Siding Road, Ashland, ME 04732
      View Details

    FAQs

    What type of property is this?
    Grocery and convenience store - Grocery store in rural Maine with consistent traffic and established customer base.
    Where is this grocery and convenience store located?
    The property is located at 256 Presque Isle Road Ashland, ME.
    What is the asking price?
    The asking price for this property is $848,500.
    What are key features of this property?
    This property features: Only grocery store serving a rural Maine community with no nearby competition.; Strategic location on a major trucking route and near the Ashland Gate to the North Maine Woods, ensuring consistent traffic.; Direct access to ATV and snowmobile trail systems, attracting outdoor recreationists year‑round.
    (207) 391-9911
    We can help!
    Listing Contact
    Jennifer Pitcairn
    Learn More
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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.

    More about this property
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