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    Property profile & analytics

    43 Owens St Bingham, ME 04920

    • Retirement homes
    • 10,000 SF
    For Sale
    View listing
    $599,000
    Value Estimation
    Location Intelligence
    Property ID
    US42-0477807
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Retirement homes

    Property Details for 43 Owens St

    Year built
    1974
    Property size
    10,000 SF
    Property type
    Retirement homes

    Description

    This exceptional 10,000 square foot mixed-use property in Bingham, Maine, presents a remarkable investment opportunity. Formerly a nursing home, the main building boasts 18 bedrooms adaptable for various uses, including offices, residential units, or classrooms. A large cafeteria, industrial kitchen, lounge, administrative offices, hair salon, and ample storage are included, along with industrial washers and dryers. The property benefits from a 2017 HWBB heating system, four heat pumps, a sprinkler system, hard-wired smoke alarms, high-speed internet, a backup generator, and two 1,000-gallon propane tanks. Two detached office buildings offer additional space. Situated on 1.31 acres with over 25 parking spaces, this turnkey property offers significant expansion potential. Located at 43 Owens St, Bingham, ME 04920, this 1974-built building is priced at $599,000, or $59.90 per square foot. The property's versatility and existing infrastructure make it ideal for a wide range of commercial ventures. The ample parking and expansive land provide room for future growth and development. This is a rare opportunity to acquire a substantial property in a desirable Maine location.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Bingham
    County
    Somerset
    State
    Maine
    Longitude
    -69.878515227861
    Latitude
    45.054597749231

    Comparable in this City

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      Two-acre wooded property suitable for recreation and building a camp.
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      218 acres of wooded land with stream frontage.
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    • $599,000
      10,404 SF

      Bingham Commercial Property - Huge Potential

      10,000 sq ft, 18 rooms, 1.31 acres
      43 Owens St, Bingham, ME 04920
      View Details
    • $240,000
      100.00 Acres

      100 Acres of Recreational Land

      100 acre parcel with trout stream and mountain views.
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    • $340,000
      178.00 Acres

      178 Acres in Bingham, Maine

      178 acres of land in Bingham, Maine, in tree growth.
      025-026 Between Goodrich N Mahoney hil, Bingham, ME 04920
      View Details

    Similar Nearby for Sale

    • $33,000
      2.00 Acres

      Wooded Land in Moscow, Maine

      Two-acre wooded property suitable for recreation and building a camp.
      Messer Rd, Moscow, ME 04920
      View Details
    • $389,000
      218.00 Acres

      218 Acres Wooded Land

      218 acres of wooded land with stream frontage.
      M2L56 Bert Berry Rd, Concord Twp, ME 04920
      View Details
    • $975,000
      24,940 SF

      Bingham Industrial Warehouse - 24,940 SF

      Prime location, high visibility, ample space.
      399 Main St, Bingham, ME 04920
      View Details
    • $599,000
      10,404 SF

      Bingham Commercial Property - Huge Potential

      10,000 sq ft, 18 rooms, 1.31 acres
      43 Owens St, Bingham, ME 04920
      View Details
    • $240,000
      100.00 Acres

      100 Acres of Recreational Land

      100 acre parcel with trout stream and mountain views.
      Rt 16, Moscow, ME 04920
      View Details
    • $340,000
      178.00 Acres

      178 Acres in Bingham, Maine

      178 acres of land in Bingham, Maine, in tree growth.
      025-026 Between Goodrich N Mahoney hil, Bingham, ME 04920
      View Details
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    43 Owens St
    Bingham, ME 04920
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    Realmo Value Estimation

    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.

    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.

    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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