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    Aroostook Centre Mall Retail Space Title is generated by Realmo AI

    830 Main Street, Presque Isle, ME 04769

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    For Lease
    Contact for pricing

    Up to 86,479 SF of retail space for lease.

    Type:Retail
    Property size:
    86,479 SF
    Added:
    Dec 10, 2021
    Days on Market:
    1638
    Last Refresh:
    May 12 at 8:49 pm

    Property Features for 830 Main Street

    General Information

    Standard status
    Active
    Size
    86,479 SF
    Property subtype
    Retail

    Building Details

    Year Built
    1993

    Spaces For Lease

    at 830 Main Street Contact us

    C11/12 $12/Mo

    Size
    1,234 SF
    Type
    Retail
    Contact us

    C3 $12/Mo

    Size
    775 SF
    Type
    Retail
    Contact us

    C10 $12/Mo

    Size
    1,097 SF
    Type
    Retail
    Contact us

    C16 $12/Mo

    Size
    903 SF
    Type
    Retail
    Contact us

    C4 $12/Mo

    Size
    4,189 SF
    Type
    Retail
    Contact us

    D4 $12/Mo

    Size
    2,941 SF
    Type
    Retail
    Contact us

    F5 $12/Mo

    Size
    568 SF
    Type
    Retail
    Contact us

    F8 $12/Mo

    Size
    700 SF
    Type
    Retail
    Contact us

    F9 $12/Mo

    Size
    758 SF
    Type
    Retail
    Contact us

    G $12/Mo

    Size
    51,003 SF
    Type
    Retail
    Contact us

    Suite H $12/Mo

    Size
    35,084 SF
    Type
    Retail
    Contact us

    Suite J $12/Mo

    Size
    86,479 SF
    Type
    Retail
    Contact us

    Outparcels A $12/Mo

    Size
    6,000 SF
    Type
    Retail
    Contact us

    D2 $12/Mo

    Size
    1,282 SF
    Type
    Retail
    Contact us

    A1 $12/Mo

    Size
    1,035 SF
    Type
    Retail
    Contact us

    A2 $12/Mo

    Size
    1,385 SF
    Type
    Retail
    Contact us

    A3 $12/Mo

    Size
    1,535 SF
    Type
    Retail
    Contact us

    A8/9 $12/Mo

    Size
    2,614 SF
    Type
    Retail
    Contact us

    A10 $12/Mo

    Size
    5,034 SF
    Type
    Retail
    Contact us

    A11 $12/Mo

    Size
    3,200 SF
    Type
    Retail
    Contact us

    A13B $12/Mo

    Size
    863 SF
    Type
    Retail
    Contact us

    A16 $12/Mo

    Size
    4,570 SF
    Type
    Retail
    Contact us

    A17 $12/Mo

    Size
    3,029 SF
    Type
    Retail
    Contact us

    B2 $12/Mo

    Size
    3,054 SF
    Type
    Retail
    Contact us

    B3 $12/Mo

    Size
    943 SF
    Type
    Retail
    Contact us

    B4 $12/Mo

    Size
    3,000 SF
    Type
    Retail
    Contact us

    B6 $12/Mo

    Size
    8,384 SF
    Type
    Retail
    Contact us

    B10 $12/Mo

    Size
    1,990 SF
    Type
    Retail
    Contact us

    Outparcels B $12/Mo

    Size
    20,000 SF
    Type
    Retail
    Contact us

    D1 $12/Mo

    Size
    1,510 SF
    Type
    Retail
    Contact us
    Show more

    We can help!

    Listing Contact
    Charles Craig

    Listing agent Charles Craig License #ME 206397

    Listing office The Dunham Group

    Listing date Dec 10, 2021

    Source Crexi

    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 The Dunham Group

    HighLights

    • Up to 86,479 SF of retail space available for lease.
    • Located in the Aroostook Centre Mall, a landmark shopping destination.
    • Serves Presque Isle, surrounding towns, and eastern provinces of Canada.
    • Presque Isle is the largest city and commercial center of Aroostook County.
    • Multiple suite sizes available.
    • Located near Walmart Supercenter, Lowes, Marden’s, and Hannaford.

    Overview

    Retail space is available for lease at the Aroostook Centre Mall, with multiple suite sizes available up to 86,479 square feet. The Aroostook Centre Mall is located in Presque Isle and serves the surrounding towns as well as the eastern provinces of Canada. Presque Isle is the largest city and the commercial center of Aroostook County. Area businesses include Walmart Supercenter, Lowes, Marden’s, Hannaford, Taco Bell, and Pizza Hut.
    Property Profile Location Intelligence

    Current Use by Public Records

    United Way of Aroostook Charitable Organization US Marine Corps ... Military Recruiting Office U.S. Army Recruiting ... Military Recruiting Office Acadia Medical Supply Medical Supply Store Wintergreen Arts Center Theater & Performing Art Venue

    Suggested Use

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

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

    Similar Places Nearby

    • North Plaza Shopping Center — 797 Main St, Presque Isle, ME 04769
    • Coinstar Kiosk | Bitcoin ATM — 781 Main St, Presque Isle, ME 04769
    • Aroostook Centre Mall — 830 Main St, Presque Isle, ME 04769
    • Coinstar Kiosk — 781 main st, presque isle, me 04769

    Location Insight

    • Map
    • Local Demand
    City
    Presque Isle
    County
    Aroostook
    State
    Maine
    Longitude
    -68.0057615
    Latitude
    46.6999146

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      20,000 SF

      Aroostook Centre Mall Retail Space

      Up to 86,479 SF of retail space for lease.
      830 Main St, Presque Isle, ME
      View Details

    FAQs

    What type of property is this?
    Shopping center - Up to 86,479 SF of retail space for lease.
    Where is this shopping center located?
    The property is located at 830 Main Street Presque Isle, ME.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: Up to 86,479 SF of retail space available for lease.; Located in the Aroostook Centre Mall, a landmark shopping destination.; Serves Presque Isle, surrounding towns, and eastern provinces of Canada.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Charles Craig
    Real Estate License ID: ME 206397
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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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