Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Renovated Office-to-Residence Building Title is generated by Realmo AI

    48 Washington Street, Camden, ME 04843

    View on Map
    Claim this Listing
    New
    For Sale
    $1,500,000

    COMMERCIAL - Camden, ME

    Type:Office
    Property size:
    7,184 SF
    Lot size:
    0.61 Acres
    Price / SF:
    $208/SF
    Added:
    Jun 4, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 5 at 5:06 am

    Property Features for 48 Washington Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Office
    Zoning
    B-TR
    Rooms
    Basement
    Basement
    Full, Unfinished
    Standard status
    Active
    Size
    7,184 SF
    Lot size
    0.61 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    9797

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Hot Water(Heating), Oil
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1980
    Flooring type
    Wood, Vinyl
    Building materials
    Wood Frame, Clapboard
    Roof type
    Shingle

    We can help!

    Listing Contact
    Nancy Hughes

    Listing agent Nancy Hughes

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

    Listing date Jun 4, 2026

    MLS# 1657320

    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

    • Wood frame clapboard exterior with shingle roof; built in 1980
    • Central air cooling plus hot water heating with oil fuel
    • Public water and public sewer service
    • Basement included; interior flooring features wood and vinyl
    • All new windows and a new heating system (per renovations)
    • First‑floor office space plus a second‑floor bay view apartment; renovations include a custom‑designed first‑floor kitchen and exterior/grounds improvements

    Overview

    This property is a two-story building currently configured with office spaces on the first floor and an apartment on the second floor. The renovations noted in the listing include all new windows, a new heating system, a custom-designed first floor kitchen, and exterior house and grounds improvements. The lot provides space for parking and a private garden/yard area, supporting flexible use as either a residential setup or continued income-oriented occupancy.

    Located at 48 Washington Street in Camden, Maine (Knox County), the property is zoned B-TR. The listing describes the site as within a short walk to the town site and positioned for waterfront and village access, which can be relevant for tenants or owners seeking a walkable downtown environment.

    For buyers and operators, the building’s existing layout supports multiple operating approaches. A purchaser can use the first floor as a spacious ground-level residence while retaining the second-floor bay view apartment for rental income, or continue with the first-floor office space design and use the second-floor apartment for personal use as needed. The combination of renovated systems and defined indoor/outdoor space can help reduce near-term improvement work when planning a residential conversion or mixed-use strategy.
    Property Profile Location Intelligence

    Current Use by Public Records

    Brimstone Consulting Business Management Consultant Tooley Terri M ... Accounting Firm

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Camden
    County
    Knox
    State
    Maine
    Longitude
    -69.0687641
    Latitude
    44.2112803

    Nearby Similar for Sale

    • $995,000
      8,619 SF

      Flexible Office Building with Meeting Rooms

      Built in 2001 with two wings, multiple private offices, and meeting space, plus outdoor decks and covered entry.
      10 Knowlton Street, Camden, ME 04843
      View Details
    • $1,700,000
      8,623 SF

      Retail Opportunity in Camden, Maine

      Retail property for sale in Camden, Maine.
      10 Mechanic Street, Camden, ME 04843
      View Details
    • $1,750,000
      11,751 SF

      Spacious Inn with Period Details

      Turnkey inn featuring 11 guest rooms and owner's quarters.
      82 Elm Street, Camden, ME 04843
      View Details
    • $995,000
      2,454 SF

      Mixed-Use Building with Private Backyard

      Three-unit mixed-use building in Camden with two driveways and a private backyard, currently offering two residences and office space.
      13 Wood Street, Camden, ME 04843
      View Details
    • $995,000
      2,454 SF

      Mixed-Use Village Building with Backyard

      Three-unit village building combining residential and office space, with private backyard and two driveways.
      13 Wood Street, Camden, ME 04843
      View Details
    • $1,350,000
      5,875 SF

      Historic Camden Mixed-Use Property

      Versatile property in the heart of Camden, Maine.
      84 Elm Street, Camden, ME 04843
      View Details
    • $2,225,000
      11,691 SF

      Mixed-Use Complex in Downtown Camden

      Mixed-use property with residential and commercial units near Camden harbor.
      56 Elm Street, Camden, ME 04843
      View Details
    • $1,575,000
      5,378 SF

      Two Office Buildings on Elm

      Two office buildings on 1.2 acres with parking.
      73 Elm Street, Camden, ME 04843
      View Details
    • $1,750,000

      Spacious Inn with Period Details

      Turnkey bed and breakfast with eleven guest rooms for sale.
      82 Elm Street, Camden, ME 04843
      View Details
    • $1,700,000

      Commercial Property in Camden, Maine

      Commercial property for sale in Camden, Maine.
      10 Mechanic Street, Camden, ME 04843
      View Details

    FAQs

    What type of property is this?
    Office building - Renovated two-story property with a first-floor configuration and second-floor apartment, plus on-site parking and yard space.
    Where is this office building located?
    The property is located at 48 Washington Street Camden, ME.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: Wood frame clapboard exterior with shingle roof; built in 1980; Central air cooling plus hot water heating with oil fuel; Public water and public sewer service
    (207) 236-1111
    We can help!
    Listing Contact
    Nancy Hughes
    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
    48 Washington Street, Camden, ME 04843
    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!