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    Corner Lot Commercial Flex Property Title is generated by Realmo AI

    24 Bridgham Street, Ashland, ME 04732

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    Claim this Listing
    New
    For Sale
    $199,900

    COMMERCIAL - Ashland, ME

    Type:Retail
    Property size:
    1,260 SF
    Lot size:
    2.63 Acres
    Price / SF:
    $158/SF
    Added:
    Jun 3, 2026
    Days on Market:
    1
    Last Refresh:
    Jun 3 at 7:06 pm

    Property Features for 24 Bridgham Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Retail
    Zoning
    Mixed Use
    Standard status
    Active
    Size
    1,260 SF
    Lot size
    2.63 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    2431

    Utilities

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

    Building Details

    Year built
    2000
    Flooring type
    Wood, Laminate
    Building materials
    Wood Frame, Aluminum Siding, Vinyl Siding
    Roof type
    Metal

    We can help!

    Listing Contact
    Jennifer Pitcairn

    Listing agent Jennifer Pitcairn

    Listing office Aroostook Real Estate 267 W Main Street, Fort Kent, ME

    Listing date Jun 3, 2026

    MLS# 1655501

    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

    • 2.63‑acre corner lot with paved driveway and expansive concrete pad for parking, storage, or future expansion
    • Metal roof and exterior siding including aluminum siding and vinyl siding
    • Hardwired surveillance system and durable metal doors for added security
    • Spray foam insulation plus heat pump heating/cooling with baseboard and electric heating
    • Public water and public sewer available for reliable utilities
    • Built in 2000 with wood frame construction and wood/laminate flooring

    Overview

    This commercially designed flex property includes a 1,260-square-foot building with features aimed at efficient, secure operations. The improvements include spray foam insulation, durable metal doors, and a hardwired surveillance system. Site amenities support daily use and logistics, with a paved driveway and an expansive concrete pad suited for parking, storage, or potential future expansion. Public water and sewer connections are available to serve the property.

    The property is located on a 2.63-acre corner lot in Ashland, Maine, offering prominent access and visibility. The configuration supports straightforward arrivals and staging for customers or service activities, with the concrete pad and driveway designed for durable, year-round use.

    With its mixed-use zoning and flexible interior layout, the building can fit a range of commercial, retail, and operational needs. For tenants or owners seeking a practical small-footprint facility paired with dependable site infrastructure for parking and storage, this offering provides a controlled, utility-served setup with on-site security measures.
    Property Profile Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Ashland
    County
    Aroostook
    State
    Maine
    Longitude
    -68.5555
    Latitude
    46.6213

    Nearby Similar for Sale

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      View Details
    • $275,000
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      Five-Unit Apartment Building in Ashland

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    • $275,000
      3,636 SF

      Five-Unit Apartment Building For Sale

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    FAQs

    What type of property is this?
    Flex space - Versatile commercial building on a corner lot with paved driveway, concrete pad, and utilities via public water and sewer.
    Where is this flex space located?
    The property is located at 24 Bridgham Street Ashland, ME.
    What is the asking price?
    The asking price for this property is $199,900.
    What are key features of this property?
    This property features: 2.63‑acre corner lot with paved driveway and expansive concrete pad for parking, storage, or future expansion; Metal roof and exterior siding including aluminum siding and vinyl siding; Hardwired surveillance system and durable metal doors for added security
    (207) 391-9911
    We can help!
    Listing Contact
    Jennifer Pitcairn
    Request Owner's contact information
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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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