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    Versatile Commercial Property in Canaan, ME Title is generated by Realmo AI

    99 Easy Street, Canaan, ME 04924

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    Claim this Listing
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    For Sale
    $315,000

    COMMERCIAL - Canaan, ME

    Property size:
    8,056 SF
    Lot size:
    25.00 Acres
    Price / SF:
    $39/SF
    Added:
    May 29, 2026
    Days on Market:
    4
    Last Refresh:
    Jun 1 at 1:06 pm

    Property Features for 99 Easy Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Rooms
    Basement
    Interior features
    Storage
    Basement
    Walk-Out Access, Partial
    Standard status
    Active
    Size
    8,056 SF
    Lot size
    25.00 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    4280

    Utilities

    Sewer type
    Private Sewer
    Heating system
    Hot Water(Heating), Baseboard, Oil
    Water source
    Private

    Building Details

    Building materials
    Wood Frame, Clapboard, Vinyl Siding
    Roof type
    Metal
    Additional Structures
    Storage

    We can help!

    Listing Contact
    Ellen Grant

    Listing agent Ellen Grant

    Listing office Better Homes & Gardens Real Estate/The Masiello Group 1162 Union Street, Bedford, ME

    Listing date May 29, 2026

    MLS# 1663781

    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

    • 8,056 sq ft of versatile space suitable for various business/investment uses.
    • Features multiple office spaces and a full gymnasium.
    • Adaptable layout ideal for fitness, wellness, daycare, event, office, educational, or community purposes.
    • Mixed‑use investment potential with rental income opportunities.
    • Durable construction with wood frame, clapboard, and vinyl siding.
    • Includes storage and a basement.

    Overview

    Located at 99 Easy Street in Canaan, ME, this commercial property offers an exceptional opportunity with diverse potential. The building provides 8,056 square feet of versatile space, uniquely designed to accommodate a wide range of business or investment uses. It features multiple office spaces along with a full gymnasium, making it suitable for professional and recreational purposes. The layout provides flexibility for various ventures, whether expanding an existing business or starting a new concept. Potential uses include a fitness center or training facility, wellness center or physical therapy practice, daycare or youth activity center, event space or community center, office suites or co-working space, educational or tutoring facility, church or private school, possible equestrian-related facility or training space, or a mixed-use investment with rental income opportunities. The property is situated on a 25-acre lot. With its generous square footage and adaptable layout, this property is suitable for entrepreneurs and investors.
    Property Profile 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

    FAQs

    What type of property is this?
    Fitness center & gym - 8,056 sqft commercial space suitable for diverse business ventures.
    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 sq ft of versatile space suitable for various business/investment uses.; Features multiple office spaces and a full gymnasium.; Adaptable layout ideal for fitness, wellness, daycare, event, office, educational, or community purposes.
    (207) 812-8131
    We can help!
    Listing Contact
    Ellen Grant
    Request Owner's contact information
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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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