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

    245 Main St Fairfield, ME 04937

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $150,000

    Highly visible commercial land with easy highway access.

    Property size:
    1,978 SF
    Lot size:
    0.59 Acres

    Property Features for 245 Main St

    General Information

    Standard status
    Active
    Size
    1,978 SF
    Lot size
    0.59 Acres

    Building Details

    Year built
    1900

    We can help!

    Listing Contact
    Dana Michaud
    Source: Exitrealty

    Listing Agency: Coldwell Banker Plourde Real Estate Listing Agent: Dana Michaud

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

    Learn more

    Overview

    Commercial Site in Central Fairfield

    This commercial site is located in the heart of Fairfield and offers convenient access to two I-95 on/off ramps. The property features a flat lot with city water and city sewer connections. The location benefits from high traffic and exposure, with surrounding businesses that could support various types of commercial uses. The property size is 1978 square feet.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Law Firm Restaurant 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.

    Location Insight

    • Map
    • Local Demand
    City
    Fairfield
    County
    Somerset
    State
    Maine
    Longitude
    -69.5954055
    Latitude
    44.5925017

    Nearby Similar for Sale

    • $499,000
      4,000 SF

      Downtown Commercial Building with Parking

      Well-cared for commercial building in the heart of downtown Fairfield.
      24 Lawrence Ave, Fairfield, ME 04937
      View Details
    • $999,500
      15,694 SF

      Fairfield Commercial Property with I-95 Access

      Versatile commercial property with retail, storage, and expansion potential.
      350 Upper Main St, Fairfield, ME 04937
      View Details
    • $1,200,000
      7,392 SF

      Retail and Storage Business Opportunity

      Profitable retail and storage facility on 6.92+/- acres.
      353 Skowhegan Rd, Fairfield, ME 04927
      View Details
    • $389,000
      4,473 SF

      Updated Four-Unit Multifamily Investment

      Well-maintained four-unit property with strong income potential in Fairfield.
      29 Lawrence Ave, Fairfield, ME 04937
      View Details
    • $499,000
      4,000 SF

      Downtown Commercial Building with Parking

      Well-maintained commercial building in downtown Fairfield with development potential.
      24 Lawrence Ave, Fairfield, ME 04937
      View Details
    • $147,500
      2,636 SF

      Mixed-Use Property with Commercial Building

      Mixed-use property featuring a home and commercial building.
      47 Bray Ave, Fairfield, ME 04937
      View Details
    • $249,900
      1,974 SF

      Fairfield Multifamily Investment Opportunity

      Two-unit property in Fairfield with strong rental income.
      2 Kelley St, Fairfield, ME 04937
      View Details
    • $199,900
      1,432 SF

      Fairfield Commercial Property For Sale

      Former convenience store with equipment and mobile home slab.
      778 Skowhegan Rd, Fairfield, ME 04937
      View Details
    • $999,500
      15,694 SF

      Versatile Commercial Property Near I-95

      Well-maintained commercial property with easy I-95 access and multiple buildings.
      350 Upper Main St, Fairfield, ME 04937
      View Details
    • $539,000
      4,000 SF

      Downtown Fairfield Commercial Building

      Prime location, versatile space, high potential.
      24 Lawrence Ave, Fairfield, ME 04937
      View Details
    • $999,500

      Retail and Cold Storage Property

      Versatile commercial property with retail and cold storage buildings.
      350-355 Upper Main St, Fairfield, ME 04937
      View Details
    • $195,000
      1,978 SF

      Fairfield Mixed-Use Commercial Site

      High-traffic location, excellent visibility. Great investment opportunity.
      245 Main St, Fairfield, ME 04937
      View Details

    FAQs

    What type of property is this?
    Commercial land - Highly visible commercial land with easy highway access.
    Where is this commercial land located?
    The property is located at 245 Main St Fairfield, ME.
    What is the asking price?
    The asking price for this property is $150,000.
    What are key features of this property?
    This property features: - Highly visible commercial site in the heart of Fairfield.; - Easy access to two I-95 on/off ramps.; - High traffic area with excellent exposure.
    (207) 314-2268
    Request Owner's contact information
    245 Main St Fairfield, ME 04937
    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.
    245 Main St
    Fairfield, ME 04937
    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
    245 Main St Fairfield, ME 04937
    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
    Dana Michaud
    (207) 314-2268 (207) 872-7650
    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!