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    Renovated Medical Office Building Title is generated by Realmo AI

    460 Main Street, Madawaska, ME 04756

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    Claim this Listing
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    For Sale
    $495,000

    COMMERCIAL - Madawaska, ME

    Type:Office
    Property size:
    18,934 SF
    Lot size:
    1.49 Acres
    Price / SF:
    $26/SF
    Added:
    Jun 5, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 6 at 12:06 am

    Property Features for 460 Main Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Office
    Zoning
    UK
    Rooms
    Basement
    Basement
    Unfinished
    Accessibility
    Accessible Elevator Installed
    Standard status
    Active
    Size
    18,934 SF
    Lot size
    1.49 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    18575

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Oil, Baseboard, Hot Water(Heating)
    Water source
    Public
    Water front features
    Stream, Lake
    Water front
    1

    Building Details

    Year built
    1936
    Flooring type
    Laminate, Carpet
    Building materials
    Masonry
    Roof type
    Rolled Hot Mop

    We can help!

    Listing Contact
    Robert Kieffer

    Listing agent Robert Kieffer License #BA921064

    Listing office Kieffer Real Estate 101 High Street, Caribou, ME

    Listing date Jun 5, 2026

    MLS# 1649121

    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

    • Nearly 15,000± SF medical office building in Madawaska
    • Built in 1936; major renovations began in 2014, with two connected office floors and an installed accessible elevator
    • 1.49± acre site with a sweeping paved parking area designed to handle high traffic and delivery trucks
    • Includes offices, exam rooms, meeting & conference rooms, work stations, and many ADA half baths; basement included
    • Full gym area used for physical therapy, plus two locker rooms
    • Two high‑efficiency Penzotti furnaces in a substantial boiler room; rubber roof installed around 2018

    Overview

    This renovated medical office building was originally built in 1936 as a school and underwent major renovations starting in 2014. The property features two office floors connected by an elevator, with a level entry designed to support smooth patient flow. Interior spaces include offices, exam rooms, meeting and conference rooms, work stations, and many ADA half baths, along with additional rooms that retain original “school room” elements such as wooden floors and chalkboards.

    The 1.49-acre site is located at 460 Main Street in Madawaska and is positioned for strong visibility with easy access. A sweeping paved parking area is sized to accommodate higher-volume traffic or delivery trucks. The building includes a full gym area currently used for physical therapy, plus two locker rooms and a substantial boiler room with two high-efficiency Penzotti furnaces. A rubber roof installed around 2018 is described as having no signs of leakage, and there are no known hazardous materials inside.

    The rooming and supporting amenities make this an efficient fit for medical, professional, or rehabilitation-related uses. There is also noted room for expansion. A 5,000-gallon underground oil tank has not met current code, so future conversion to above-grade storage will be needed. The seller requires the ability to lease back the building through 2026, with terms to be negotiated as part of the offer; advance notice and proof of funds are required for showings.
    Property Profile Location Intelligence

    Current Use by Public Records

    Dr. Silwana Sidorczuk, ... Pediatrician Jennifer M. Bresett, ... Physician Acadia Family Health ... Physician Acadia Family Health ... Pediatrician Sonya Poiesz, FNP Physician

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Madawaska
    County
    Aroostook
    State
    Maine
    Longitude
    -68.3176345
    Latitude
    47.3550238

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    FAQs

    What type of property is this?
    Medical Office Space - Renovated multi-floor medical office with level entry, elevator access, therapy space, and a large paved parking area.
    Where is this medical office space located?
    The property is located at 460 Main Street Madawaska, ME.
    What is the asking price?
    The asking price for this property is $495,000.
    What are key features of this property?
    This property features: Nearly 15,000± SF medical office building in Madawaska; Built in 1936; major renovations began in 2014, with two connected office floors and an installed accessible elevator; 1.49± acre site with a sweeping paved parking area designed to handle high traffic and delivery trucks
    (207) 551-9257
    We can help!
    Listing Contact
    Robert Kieffer
    Real Estate License ID: BA921064
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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.

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