Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    40 Ticonic St Waterville, ME 04901

    Sponsored
    For Sale
    $275,000

    MULTI_FAMILY - Waterville, ME

    Property size:
    3,566 SF
    Lot size:
    0.07 Acres
    Days on Market:
    1
    Last Refresh:
    Jan 23 at 8:06 pm

    Property Features for 40 Ticonic St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    RC
    Rooms
    Basement, Bathroom 3, Bathroom 2, Bathroom 1
    Basement
    Full
    Size
    3,566 SF
    Lot size
    0.07 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Hot Water(Heating), Baseboard
    Water source
    Public

    Building Details

    Year built
    1920
    Number of units
    3
    Flooring type
    Tile, Carpet
    Building materials
    Wood Siding, Wood Frame
    Roof type
    Metal

    We can help!

    Listing Contact
    Pamela Natole

    Coldwell Banker Plourde Real Estate (207) 872-7650

    Listing agent Pamela Natole (207) 872-7650

    Listing date Jan 23, 2026

    MLS# 1650186

    Copyright © 2026 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.

    Learn more

    Property Insight Report

    Overview

    Waterville Mixed-Use Building For Sale

    Located in an established Waterville neighborhood, this three-unit building offers a unique opportunity. The first floor is currently occupied by Juliette's deli and bakery, a long-standing local business. The 3,566 square foot property presents options for potential buyers. One option is to purchase the building and transform the first floor into another use, such as a third apartment or a different type of commercial business. Another option would be to purchase the building and the business to continue running this local deli and bakery. The lot size is 0.07 acres. The property is zoned RC.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Juliettes Bakery & Deli Bakery

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Hair Salon Dental Office Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Waterville
    County
    Kennebec
    State
    Maine
    Longitude
    -69.630653
    Latitude
    44.560905

    Nearby Similar for Sale

    • $1,500,000
      9,854 SF

      Mixed-Use Building in Downtown Waterville

      Mixed-use property with commercial and residential units in downtown Waterville.
      145-147 Main St, Waterville, ME 04901
      View Details
    • $1,500,000
      9,854 SF

      Waterville Mixed-Use Commercial Building

      Established commercial building with high visibility and multiple income streams.
      145-147 Main St, Waterville, ME 04901
      View Details
    • $2,500,000
      13,000 SF

      Well-Maintained Office Building For Sale

      Visible office building with three floors, ideal for owner-occupancy.
      244 Kennedy Memorial Dr, Waterville, ME 04901
      View Details
    • $399,900
      4,664 SF

      Versatile Property with Income Potential

      High-visibility property suitable for professional or medical uses with rental income.
      166 Silver St, Waterville, ME 04901
      View Details
    • $359,900
      2,908 SF

      Versatile Waterville Commercial Opportunity

      1.92-acre commercial property with office suites and outdoor canopy.
      120 Drummond Ave, Waterville, ME 04901
      View Details
    • $94,900
      2,028 SF

      Waterville Duplex: Renovation Opportunity

      Two-unit duplex near downtown Waterville with renovation potential.
      220 Water St, Waterville, ME 04901
      View Details
    • $249,900
      2,214 SF

      Waterville Triplex in Desirable Neighborhood

      Well-maintained three-unit property in a sought-after, quiet neighborhood.
      8 High St, Waterville, ME 04901
      View Details
    • New
      $325,000
      3,601 SF

      Spacious Three-Unit Multifamily Property

      Spacious 3-unit property with original wood trim and character.
      1 Kelsey St, Waterville, ME 04901
      View Details
    • $499,000
      10,287 SF

      Waterville Office Building For Sale

      Over 10,000 SF office building in Waterville, Maine.
      44-46 Elm St, Waterville, ME 04901
      View Details
    • New
      $175,000
      1,824 SF

      Waterville Duplex with Long-Term Tenants

      Well-maintained duplex in Waterville, Maine, featuring long-term tenants.
      49 Ticonic St, Waterville, ME 04901
      View Details
    • New
      $150,000
      1,300 SF

      Waterville Duplex with Updated Features

      Two-unit residential property in Waterville with updated electrical and windows.
      13 Sturtevant St, Waterville, ME 04901
      View Details
    • New
      $175,000
      2,208 SF

      Waterville Multifamily Investment Opportunity

      Two-unit multifamily property with long-term tenants in a central location.
      53 Ticonic St, Waterville, ME 04901
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Three-unit building with commercial space in established Waterville neighborhood.
    Where is this mixed-use property located?
    The property is located at 40 Ticonic St Waterville, ME.
    What is the asking price?
    The asking price for this property is $275,000.
    What are key features of this property?
    This property features: - Opportunity to acquire a three-unit building in an established Waterville neighborhood.; - Potential to transform the first floor into a third apartment or other commercial business.; - Option to purchase the existing Juliette's deli and bakery business separately.
    (207) 872-7650
    Request Owner's contact information
    40 Ticonic St Waterville, ME 04901
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    40 Ticonic St
    Waterville, ME 04901
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    40 Ticonic St Waterville, ME 04901
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Pamela Natole
    (207) 872-7650
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.