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    Downtown Rockland Commercial Building For Sale Title is generated by Realmo AI

    464 Main Street, Rockland, ME 04841

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    For Sale
    $965,000

    COMMERCIAL - Rockland, ME

    Type:Retail
    Property size:
    10,066 SF
    Lot size:
    0.13 Acres
    Price / SF:
    $95/SF
    Added:
    May 13, 2026
    Days on Market:
    1
    Last Refresh:
    May 13 at 10:06 pm

    Property Features for 464 Main Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Retail
    Zoning
    DT Downtown
    Rooms
    Basement
    Parking features
    Off Street
    Basement
    Full, Unfinished, Dirt Floor
    Standard status
    Active
    Size
    10,066 SF
    Lot size
    0.13 Acres

    Taxes and HOA fees

    Tax Year
    2026
    Tax Annual Amount
    14443

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Electric (Heating), Oil, Forced Air
    Cooling system
    Heat Pump
    Water source
    Public
    Water front features
    Ocean Front, Waterfront
    Water front
    1

    Building Details

    Year built
    1914
    Number of units
    3
    Flooring type
    Vinyl, Wood, Carpet
    Building materials
    Wood Frame, Brick, Brick Veneer, Wood Siding
    Roof type
    Membrane

    We can help!

    Listing Contact
    Mary Bumiller

    Listing agent Mary Bumiller

    Listing office Camden Coast Real Estate 80 Elm Street, Camden, ME

    Listing date May 13, 2026

    MLS# 1661908

    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

    • Great Location near the park
    • Recently renovated kitchen with stainless steel appliances
    • Hardwood floors throughout the house
    • Fenced backyard, perfect for entertaining
    • Detached two‑car garage
    • Close to public transportation

    Overview

    Located on Rockland's vibrant Main Street, this commercial property features a classic downtown building that houses a well-established retail business, along with two additional rental units. The property has been home to a Maine-themed gift store for over 27 years, with a reputation among other retailers, restaurateurs, and hospitality providers in the Downtown Main Street community. The retail space features tall ceilings and an open layout, with newer heat pumps for climate control. The second floor offers a wide-open, sunny space suitable for light manufacturing, a makers space, a gallery, office space, health and wellness services, or apartments. The street-level office/retail space on the north side of the building includes a sunny street entry and a door to the backside of the building and bathroom. The property includes two parking spaces located at the back of the building. The building is located in the DT Downtown zoning district. The property contains 10,066 square feet and sits on a 0.13-acre lot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Puffin's Nest (Bike/Boat/Book/etc) Store Yvette Torres Fine ... Art Gallery

    Suggested Use

    Real Estate Agency Restaurant Law Firm 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.

    Similar Places Nearby

    • Flowers by Hoboken — 15 Tillson Ave, Rockland, ME 04841

    Location Insight

    • Map
    • Local Demand
    City
    Rockland
    County
    Knox
    State
    Maine
    Longitude
    -69.1096065
    Latitude
    44.1056176

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    FAQs

    What type of property is this?
    Storefront property - Profitable retail business with additional rental units in vibrant location.
    Where is this storefront property located?
    The property is located at 464 Main Street Rockland, ME.
    What is the asking price?
    The asking price for this property is $965,000.
    What are key features of this property?
    This property features: Great Location near the park; Recently renovated kitchen with stainless steel appliances; Hardwood floors throughout the house
    (207) 949-9155
    We can help!
    Listing Contact
    Mary Bumiller
    Learn More
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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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