Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    507 Main St Caribou, ME 04736

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Thriving Caribou restaurant with loyal customers and excellent visibility.

    Property size:
    1,916 SF
    Lot size:
    0.55 Acres

    Property Features for 507 Main St

    General Information

    Standard status
    Active
    Size
    1,916 SF
    Lot size
    0.55 Acres

    Building Details

    Year built
    1984

    We can help!

    Listing Contact
    Stephanie Beaulieu
    Source: Exitrealty

    Listing Agency: Fields Realty LLC Listing Agent: Stephanie Beaulieu

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Established Restaurant Opportunity in Caribou

    Frederick's Southside, a well-known restaurant in Caribou, is available for purchase. This establishment has a strong reputation and a loyal customer base. The property includes a fully equipped kitchen, spacious dining areas, and an inviting atmosphere. The restaurant has been meticulously maintained. Its location provides excellent visibility and ample parking. This is a turnkey business with an established clientele. The property size is 1916 square feet.
    Location Intelligence

    Current Use by Public Records

    Coffee shops

    Suggested Use

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

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

    Similar Places Nearby

    The Maine Bean & Tea

    Location Insight

    • Map
    • Local Demand
    City
    Caribou
    County
    Aroostook
    State
    Maine
    Longitude
    -68.0106219
    Latitude
    46.8468237

    Nearby Similar for Sale

    • $360,000
      1.00 Acre

      Versatile Commercial Property Near Caribou

      Unique commercial property offering functionality, flexibility, and prime location.
      559 Sweden St, Caribou, ME 04736
      View Details
    • $269,000
      3,200 SF

      Main Street Mixed-Use Opportunity

      Mixed-use property with office space and residential apartment.
      562 Main St, Caribou, ME 04736
      View Details
    • $325,000
      9,000 SF

      Caribou Commercial Building For Sale

      9000 sq ft commercial building on 1.38 acres.
      420 Main St, Caribou, ME 04736
      View Details
    • $399,900
      1,728 SF

      Pristine Three-Unit Apartment Building

      Move-in ready three-unit apartment building near Loring Commerce Centre.
      116 W Gate Rd, Caribou, ME 04736
      View Details
    • $269,000
      3,200 SF

      Main Street Mixed-Use Property

      Mixed-use property with office space and residential apartment.
      562 Main St, Caribou, ME 04736
      View Details
    • $119,500
      3,321 SF

      Caribou Commercial Barn on 1.26 Acres

      Barn on 1.26 acres with business potential and trail access.
      311 E Presque Isle Rd, Caribou, ME 04736
      View Details
    • $79,900
      1,170 SF

      Caribou Multifamily Residential Income Property

      Two-unit residential property suitable for rental income or owner occupancy.
      15 Hillcrest Ave, Caribou, ME 04736
      View Details
    • $229,500
      1,320 SF

      Caribou Office Building For Sale

      Well-maintained office building with multiple offices and conference room.
      2 Armco Ave, Caribou, ME 04736
      View Details
    • $139,900
      1,100 SF

      Four-Unit Multifamily Property in Caribou

      Multifamily property with good rental history in Caribou, Maine.
      10 Lyndon St, Caribou, ME 04736
      View Details
    • $300,000
      7,798 SF

      Prime Caribou Office Building

      7,798 SF Office/Retail Space, $300K
      14 Sweden St, Caribou, ME 04736
      View Details
    • $649,900
      1,916 SF

      Caribou Restaurant - Turnkey Opportunity

      Established Restaurant, Prime Location, High Traffic
      507 Main St, Caribou, ME 04736
      View Details
    • $275,000
      3,556 SF

      Prime Caribou Commercial Property

      Established Auto Repair Shop, High Potential
      669 Main St, Caribou, ME 04736
      View Details

    FAQs

    What type of property is this?
    Coffee shop - Thriving Caribou restaurant with loyal customers and excellent visibility.
    Where is this coffee shop located?
    The property is located at 507 Main St Caribou, ME.
    What are key features of this property?
    This property features: - Turnkey restaurant business with a proven track record.; - Fully equipped kitchen and spacious dining areas.; - Prime location with excellent visibility and ample parking.
    (207) 551-5835
    Request Owner's contact information
    507 Main St Caribou, ME 04736
    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.
    507 Main St
    Caribou, ME 04736
    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
    507 Main St Caribou, ME 04736
    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
    Stephanie Beaulieu
    (207) 551-5835
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!