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    Property profile & analytics

    38 Carolina Rd Limestone, ME 04750

    • Refrigerated & Cold Storages
    • 3,936 SF
    OFF-MARKET
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Refrigerated & Cold Storages

    Property Details for 38 Carolina Rd

    Year built
    1957
    Property size
    3,936 SF
    Property type
    Refrigerated & Cold Storages
    Property subtype
    Warehouses

    Description

    This 3,936-square-foot commercial building, located at 38 N Carolina in Limestone, Maine (zip code 04750), presents a unique investment opportunity. Built in 1957, the property is zoned for commercial/mixed use and features loading docks and a newer roof. Previously used as a post office, the building offers versatile potential for various uses, including multi-use commercial space, light manufacturing, assembly, machine technology, or agricultural processing/energy applications. The property is situated within the Green 4 Maine Campus at Loring, formerly Loring Air Force Base, a large commercial and business park boasting a 12,000+ foot airstrip and serving as a major air cargo distribution hub. This location benefits from several economic incentives, including Pine Tree Zone certification (Tier 1), Opportunity Zone certification, Business Equipment Tax Exemption (BETE), Municipal Tax Increment Financing (TIF), and New Market Tax Credit (NMTC) eligibility. The Green 4 Maine Campus is undergoing revitalization, aiming to become a self-sustaining, energy-positive green destination, fostering innovation and creating jobs. The site offers streamlined permitting and flexible zoning, making it an attractive location for businesses seeking a supportive and welcoming community with excellent educational opportunities. The property is currently vacant and ready for immediate occupancy. The building is a single-tenant space with a Net Net Net (NNN) lease structure.

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Limestone
    County
    Aroostook
    State
    Maine
    Longitude
    -67.9029
    Latitude
    46.9412

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    38 Carolina Rd
    Limestone, ME 04750
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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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