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    905 Main Street Vassalboro, ME 04989

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    For Sale
    $700,000

    COMMERCIAL - Vassalboro, ME

    Property size:
    7,500 SF
    Lot size:
    1.00 Acre
    Price / SF:
    $93/SF
    Added:
    Dec 11, 2025
    Days on Market:
    140
    Last Refresh:
    Apr 30 at 6:06 am

    Property Features for 905 Main Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    Rural
    Rooms
    Basement
    Basement
    Unfinished, Dirt Floor
    Accessibility
    Accessible Approach with Ramp
    Standard status
    Active
    Size
    7,500 SF
    Lot size
    1.00 Acre

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    4495

    Utilities

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

    Building Details

    Year built
    1873
    Flooring type
    Carpet
    Building materials
    Vinyl Siding, Wood Frame
    Roof type
    Shingle

    We can help!

    Listing Contact
    David Gleason

    Listing agent David Gleason

    Listing office McAllister Real Estate 143 Water Street, Hallowell, ME

    Listing date Dec 11, 2025

    MLS# 1627163

    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

    Unique Vassalboro Commercial Property

    Located in the heart of Vassalboro, this unique 7,500 square foot property offers a variety of opportunities. Originally constructed in 1873 as a school, the building is presently used as a medical office building. The property features 18 rooms and 3 bathrooms. The first floor includes a reception area and waiting room. The second floor contains an auditorium and a full stage. A large parking lot is available. A park across the street provides access to the outlet stream. The property is located minutes from Augusta, Waterville, Winslow, and I-95. The property has been used for numerous purposes and has potential for conversion to an apartment building with town approval. The property is zoned as Rural and sits on a 1-acre lot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Mid Maine Medicine Production Facility Stephen Raph, MD Pediatrician Clifton D. Smith ... Physician Dr. Nancy Epifano, ... Physician Erika J. Hall, ... Physician

    Suggested Use

    Restaurant Spa & Massage Center Hair Salon Nail Salon Building Supply Auto Repair Shop Big Box & Wholesale Store Skin Care Clinic Hotel & Motel Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Vassalboro
    County
    Kennebec
    State
    Maine
    Longitude
    -69.6223558
    Latitude
    44.4850914

    Nearby Similar for Sale

    • $685,000
      30,000 SF

      Vassalboro Commercial Property with Income

      8.46 acre property with storage business, apartment, and mobile park.
      160 Nelson Road, Vassalboro, ME 04989
      View Details
    • $595,000
      4,000 SF

      Well-Maintained Two-Unit Property

      Two-unit property with updates, convenient location, and investment potential.
      154 Seaward Mills Road, Vassalboro, ME 04989
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - Versatile 7,500 sq ft property with conversion potential.
    Where is this medical office space located?
    The property is located at 905 Main Street Vassalboro, ME.
    What is the asking price?
    The asking price for this property is $700,000.
    What are key features of this property?
    This property features: Versatile property with potential for conversion to apartments (with town approval).; Convenient location in the heart of Vassalboro, minutes from Augusta, Waterville, Winslow, and I‑95.; Large parking lot and park access across the street.
    (207) 837-3181
    We can help!
    Listing Contact
    David Gleason
    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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