Building Details

Year built 1950

Flooring type Vinyl, Carpet

Building materials Vinyl Siding, Other Exterior

Roof type Shingle

Listing Agency: Sprague & Curtis Real Estate i***@spragueandcurtis.com

Listed By: Tyler Gaudet Show Phone

Added: Jul 23 Changed: Oct 16 Last Checked: Oct 23 at 2:06PM

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MLS# 1665004

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.

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Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

The property at 664 Maine Avenue pairs a one-bedroom home with an established commercial space currently operating as a salon. The residential portion offers a separate living layout, while the commercial space is set up for customer-facing use.

The building sits on a high-visibility road, providing exposure for the salon, and the site includes a spacious parking lot with room for customers, tenants, and guests.

With both residential and active commercial components on one parcel, the property is designed to support flexible live-and-work use or multiple income streams through the home and the salon space.

Key Highlights

• 1950‑built property with a 1‑bedroom home plus an established commercial space operating as a salon
• Salon commercial space offers customer access and strong visibility on a high‑visibility road
• Spacious parking lot for customers, tenants, and guests

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$15,186

Cap Rate

5.08%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$303,720 $303.7K

Cap Rate 7%

$216,943 $216.9K

Cap Rate 9%

$168,733 $168.7K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,472 SF

Gross rent

$26.5K $18.00/SF

− Vacancy

−$2.2K −$1.49/SF

EGI

$24.3K $16.51/SF

− OpEx

−$9.1K −$6.19/SF

NOI

$15.2K $10.32/SF

Area

Kennebec County, ME

Vacancy

8.30%

Lease Rate

$18.00 /SF/Yr

Expense Ratio

37.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$303,720

Cap Rate 7%

$216,943

Cap Rate 9%

$168,733

Alternative Uses

Best Use

Mixed Use

$216.9K

$189.8K – $253.1K (±1% cap)

NOI $15,186 @ 7.0% cap · market cap 5.08%

Second Best

Apartment 5plus

$204.9K

$179.3K – $239.0K (±1% cap)

NOI $14,340 @ 7.0% cap · market cap 4.80%

Theoretical Best

Warehouse

$2.20M

$1.92M – $2.56M (±1% cap)

NOI $153,726 @ 7.0% cap · market cap 51.41%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Spa & wellness properties

Suggested Use

Top Pick Real Estate Agency Building Supply Big Box & Wholesale Store Pharmacy Law Firm Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

137

Businesses Nearby

Explore this area Business Placement

Demographics for 04344, ME

2,995

Population

1,481

Households

2

Avg Household Size

44

Median Age

40%

College-Educated

95%

High-School Grad

11.2 sq mi

ZIP Area

267

Density / Sq Mi

$60,000

Median Household Income

$34,688

Median Earnings

$928

Median Rent

$205,700

Median Home Value

Frequently Asked Questions

What type of property is this?

Mixed-use property - Property combines a one-bedroom home with an operating salon and customer parking on a high-visibility road.

Where is this mixed-use property located?

The property is located at 664 Maine Avenue Farmingdale, ME.

What is the asking price?

The asking price for this property is $299,000.

What are key features of this property?

This property features: 1950‑built property with a 1‑bedroom home plus an established commercial space operating as a salon; Salon commercial space offers customer access and strong visibility on a high‑visibility road; Spacious parking lot for customers, tenants, and guests