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    443 Caribou Road Presque Isle, ME 04769

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    Claim this Listing
    For Sale
    $1,950,000

    COMMERCIAL - Presque Isle, ME

    Property size:
    896 SF
    Lot size:
    54.43 Acres
    Price / SF:
    $2,176/SF
    Added:
    Jun 2, 2025
    Days on Market:
    339
    Last Refresh:
    May 6 at 11:06 am

    Property Features for 443 Caribou Road

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    Business&Agriculture
    Parking features
    Off Street
    Interior features
    Storage
    Standard status
    Active
    Size
    896 SF
    Lot size
    54.43 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    6326

    Utilities

    Sewer type
    Private Sewer
    Heating system
    Hot Water(Heating)
    Water source
    Well, Private

    Building Details

    Year built
    1999
    Flooring type
    Vinyl, Carpet
    Building materials
    Vinyl Siding, Wood Frame
    Roof type
    Shingle
    Additional Structures
    Storage

    We can help!

    Listing Contact
    Robert Kieffer

    Listing agent Robert Kieffer License #BA921064

    Listing office Kieffer Real Estate 101 High Street, Caribou, ME

    Listing date Jun 2, 2025

    MLS# 1624905

    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.

    Overview

    Expansive Commercial Land on Route 1

    This expansive 54-acre property is positioned on U.S. Highway Route 1, midway between Presque Isle and Caribou. Zoned for commercial or agriculture use, the property was previously operated as a mobile home park and offers redevelopment or reinvention potential. The site features a blend of wooded and cleared land, utility access, large parking areas, an interior road system, display pads, a wastewater lagoon, and a pump house. An 896 square foot office space includes level entry and an attached one-bedroom apartment with kitchen appliances, along with three large garage bays and storage. The property has current DEP permits and is licensed by the DEP for a drinking water facility; a compost facility separate from the wastewater system; 3 small dewatering lagoons to dewater septic sludge and compost septic sludge; a 4 acre lagoon with 6 feet of storage approximately over 6 million gallon storage; and 44,000 gallons of wastewater per acre per day on 18 acres (equivalent to 792,000 gallons per day) A) one 9 acre spray field only and B) one 9 acre snow field that can be used as a spray field during summer months. A survey map exists for the 19.43-acre parcel, part of the 54 acres. The location provides access from both the highway and Craig Road, and is near schools, shopping, golf courses, industrial parks, hospitals, and airports.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Building Supply Big Box & Wholesale Store Kitchen & Bath Showroom Cafe & Coffee Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Presque Isle
    County
    Aroostook
    State
    Maine
    Longitude
    -67.9852586
    Latitude
    46.7658072

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    FAQs

    What type of property is this?
    Commercial land - 54-acre commercial/agricultural property with redevelopment potential on Route 1.
    Where is this commercial land located?
    The property is located at 443 Caribou Road Presque Isle, ME.
    What is the asking price?
    The asking price for this property is $1,950,000.
    What are key features of this property?
    This property features: Expansive 54‑acre property zoned for commercial or agricultural use.; Prime location on U.S. Highway Route 1, midway between Presque Isle and Caribou, with easy access.; Existing infrastructure includes utility access, large parking areas, interior roads, display pads, wastewater lagoon, and pump house.
    (207) 551-9257
    We can help!
    Listing Contact
    Robert Kieffer
    Real Estate License ID: BA921064
    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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