Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Versatile Commercial Property Near I-95 Title is generated by Realmo AI

    350 & 355 Upper Main Street, Fairfield, ME 04937

    View on Map
    Claim this Listing
    For Sale
    $999,500

    Commercial property with cold storage, retail, and easy highway access.

    Type:Commercial/Industrial
    Property size:
    15,694 SF
    Lot size:
    4.76 Acres
    Price / SF:
    $63/SF
    Added:
    Nov 16, 2024
    Days on Market:
    563
    Last Refresh:
    Apr 16 at 6:22 am

    Property Features for 350 & 355 Upper Main Street

    General Information

    Standard status
    Active
    Size
    15,694 SF
    Lot size
    4.76 Acres
    Property subtype
    Commercial/Industrial

    Building Details

    Year Built
    1970

    We can help!

    Listing Contact
    Donald Plourde
    Donald Plourde

    Listing agent Donald Plourde

    Listing office Coldwell Banker Plourde Real Estate

    Listing date Nov 16, 2024

    Source Exitrealty

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

    All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Plourde Real Estate

    HighLights

    • 4. 76 acres of prime commercial real estate.
    • Easy and convenient access to I‑95 at Exit 132.
    • Multiple buildings for cold storage and a retail store.
    • Well‑maintained facilities.
    • Ideal for retail, storage, distribution, or manufacturing.
    • Ample parking and room for future expansion.

    Overview

    This well-maintained commercial property offers 4.76 acres of prime real estate with easy access to Exit 132 on Interstate 95. The property includes multiple buildings suitable for cold storage and a retail store. It is ideal for various business operations, including retail, storage, distribution, or manufacturing. Ample parking is available, with room for future expansion. The property offers versatility, visibility, and accessibility, positioning businesses for success.
    Location Intelligence

    Current Use by Public Records

    Teague Distributors Agricultural Supply MB Tractor Big Box & Wholesale Store

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Fairfield
    County
    Somerset
    State
    Maine
    Longitude
    -69.594949
    Latitude
    44.598804

    Nearby Similar for Sale

    • $1,200,000
      7,392 SF

      Retail and Storage Business Opportunity

      Profitable retail and storage facility on 6.92+/- acres.
      353 Skowhegan Road, Fairfield, ME 04927
      View Details
    • $479,000
      4,000 SF

      Commercial Building in Downtown Fairfield

      Well-maintained commercial building with potential for multiple units.
      24 Lawrence Avenue, Fairfield, ME 04937
      View Details
    • $129,000
      280 SF

      Turnkey Commercial Property in Fairfield

      Commercial property ideal for food service with high visibility.
      114 Norridgewock Road, Fairfield, ME 04937
      View Details
    • $448,800
      9,796 SF

      Fairfield Commercial Building and Home

      Commercial building with a three-family home on 3 acres.
      25 West St., Fairfield, ME 04937
      View Details
    • $999,500
      15,694 SF

      Fairfield Commercial Property Near I-95

      Versatile commercial property with retail, storage, and manufacturing potential.
      350 & 355 Upper Main Street, 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 & 774 Skowhegan Road, Fairfield, ME 04937
      View Details
    • $134,500
      2,636 SF

      Mixed-Use Property in Fairfield, ME

      Mixed-use property with residential and commercial spaces, plus garage.
      47 Bray Avenue, Fairfield, ME 04937
      View Details
    • $199,900
      1,432 SF

      Former Convenience Store For Sale

      Former convenience store with equipment and mobile home slab.
      778 & 774 Skowhegan Road, Fairfield, ME 04937
      View Details
    • $4,875,000
      63,520 SF

      Institutional-Size Self Storage Facility

      Self-storage facility in Fairfield, Maine with upside potential.
      204 Center Rd lot b, Fairfield, ME 04937
      View Details
    • $225,000
      7,734 SF

      Versatile Commercial Building on Main

      Three-story commercial building with retail, office, and residential potential.
      136 Main Street, 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 Avenue, 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
      View Details

    FAQs

    What type of property is this?
    Retail space - Commercial property with cold storage, retail, and easy highway access.
    Where is this retail space located?
    The property is located at 350 & 355 Upper Main Street Fairfield, ME.
    What is the asking price?
    The asking price for this property is $999,500.
    What are key features of this property?
    This property features: 4. 76 acres of prime commercial real estate.; Easy and convenient access to I‑95 at Exit 132.; Multiple buildings for cold storage and a retail store.
    (207) 861-2462
    We can help!
    Listing Contact
    Donald Plourde
    Donald Plourde
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    350 & 355 Upper Main Street, Fairfield, ME 04937
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!