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    Versatile Warehouse and Storefront Property Title is generated by Realmo AI

    43 State Street, Presque Isle, ME 04769

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    For Sale
    $499,000

    COMMERCIAL - Presque Isle, ME

    Property size:
    16,000 SF
    Lot size:
    1.50 Acres
    Price / SF:
    $31/SF
    Added:
    Apr 10, 2026
    Days on Market:
    30
    Last Refresh:
    May 9 at 4:06 am

    Property Features for 43 State Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    Urban
    Standard status
    Active
    Size
    16,000 SF
    Lot size
    1.50 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    8784

    Building Details

    Year built
    1950
    Building materials
    Wood Frame

    We can help!

    Listing Contact
    Leigh Smith

    Listing agent Leigh Smith

    Listing office RE/MAX County 612 Main Street, Presque Isle, ME

    Listing date Apr 10, 2026

    MLS# 1644322

    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

    • 1.5‑acre commercial lot in a stable, high‑visibility location.
    • Multiple warehouse buildings with 16,000 sq. ft. of heated and 10,000 sq. ft. of unheated storage.
    • 8,000 sq. ft. heated storefront suitable for retail or resale operations.
    • Dual access points from two streets for easy customer and delivery access.
    • Prime location with a strong track record for commercial success.
    • Versatile property suitable for inventory, distribution, or other industrial uses.

    Overview

    This 1.5-acre commercial property in Presque Isle offers opportunities for various business ventures. Currently operating as a hardware store, the property includes multiple warehouse buildings with both cold and heated storage options. There are 16,000 square feet of heated space and 10,000 square feet of unheated storage, suitable for inventory, distribution, or other industrial uses. An 8,000 square foot heated storefront supports retail or resale operations, suited for customer-facing activities. Dual access points from two streets ensure ease of entry and exit for customers and deliveries. The property is located in a stable and established area. The property is a solution for businesses requiring a combination of storage, retail, and logistics access.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

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

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

    Similar Places Nearby

    • Amy's Flowers — 54 North St, Presque Isle, ME 04769

    Location Insight

    • Map
    • Local Demand
    City
    Presque Isle
    County
    Aroostook
    State
    Maine
    Longitude
    -68.020009
    Latitude
    46.683144

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    FAQs

    What type of property is this?
    Storefront property - 1.5-acre commercial property with warehouse and storefront in Presque Isle.
    Where is this storefront property located?
    The property is located at 43 State Street Presque Isle, ME.
    What is the asking price?
    The asking price for this property is $499,000.
    What are key features of this property?
    This property features: 1.5‑acre commercial lot in a stable, high‑visibility location.; Multiple warehouse buildings with **16,000 sq. ft. of heated** and 10,000 sq. ft. of unheated storage.; **8,000 sq. ft. heated storefront** suitable for retail or resale operations.
    (207) 227-4501
    We can help!
    Listing Contact
    Leigh Smith
    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.

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