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    Multi-Use Commercial Building with Gym Title is generated by Realmo AI

    99 Easy Street, Canaan, ME 04924

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    Multiple office spaces and a full gymnasium support flexible business and training uses on a large Canaan property.

    Type:Retail
    Property size:
    8,056 SF
    Lot size:
    25.00 Acres
    Price / SF:
    $39/SF
    Added:
    May 31, 2026
    Days on Market:
    7
    Last Refresh:
    Jun 6 at 2:11 am

    Property Features for 99 Easy Street

    General Information

    Standard status
    Active
    Size
    8,056 SF
    Lot size
    25.00 Acres
    Property subtype
    Retail

    We can help!

    Listing Contact
    Ellie Grant-Curtis

    Listing agent Ellie Grant-Curtis License #ME BA929526

    Listing office Better Homes and Gardens Real Estate The Masiello Group

    Listing date May 31, 2026

    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 Better Homes and Gardens Real Estate The Masiello Group

    HighLights

    • 8,056 SF commercial building with multiple office spaces and a full gymnasium
    • Versatile layout suited for multiple business and community use types, including fitness/training and wellness services
    • Set on a 25‑acre lot in Canaan
    • Includes a one‑room cabin located along the Carrabassett Stream
    • Potential for subdivision (buyer to verify)

    Overview

    This for-sale commercial property includes 8,056 square feet of adaptable interior space with multiple office spaces and a full gymnasium. The building’s layout is designed to support a variety of business concepts, with room for both professional use and fitness or instruction-oriented operations. In addition to the main building, the site includes a one-room cabin.

    Set on 25 acres in Canaan, Maine, the property also features a natural setting along the Carrabassett Stream. This added on-site environment provides a distinctive attribute for operators considering training, wellness, or community-oriented programming. The flexible configuration allows buyers to evaluate how the space can be arranged for different tenants or activities.

    The combination of office areas and a full gym makes this property particularly relevant for fitness center and training facility concepts, wellness and physical-therapy style practices, or daycare and youth activity programming. It also aligns with uses such as event or community space, educational or tutoring operations, and church or private school settings. Because the space can potentially be repurposed for specialty programming and mixed-use scenarios, this is a practical candidate for buyers looking for an owner-operator facility or a multi-use arrangement, subject to applicable approvals and verification of any subdivision potential.
    Location Intelligence

    Current Use by Public Records

    Fitness centers & gyms

    Suggested Use

    Restaurant Auto Repair Shop Hotel & Motel Department Store Kitchen & Bath Showroom Food Market Storage Facility HVAC Service Grocery & Convenience Store Bar & Pub

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

    Location Insight

    • Map
    • Local Demand
    City
    Canaan
    County
    Somerset
    State
    Maine
    Longitude
    -69.5616556
    Latitude
    44.7690752

    Nearby Similar for Sale

    • $315,000
      8,056 SF

      Versatile Commercial Property in Canaan, ME

      8,056 sqft commercial space suitable for diverse business ventures.
      99 Easy Street, Canaan, ME 04924
      View Details
    • $64,900
      3,500 SF

      Canaan Triplex Ready for Remodel

      Three-unit building in Canaan, Maine, ready for renovation.
      289 Main Street, Canaan, ME 04924
      View Details

    FAQs

    What type of property is this?
    Fitness center & gym - Multiple office spaces and a full gymnasium support flexible business and training uses on a large Canaan property.
    Where is this fitness center & gym located?
    The property is located at 99 Easy Street Canaan, ME.
    What is the asking price?
    The asking price for this property is $315,000.
    What are key features of this property?
    This property features: 8,056 SF commercial building with multiple office spaces and a full gymnasium; Versatile layout suited for multiple business and community use types, including fitness/training and wellness services; Set on a 25‑acre lot in Canaan
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Ellie Grant-Curtis
    Real Estate License ID: ME BA929526
    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.

    More about this property
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