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Property profile & analytics
OFF-MARKET Estimated value $1,215,000
Commercial land

10 Railroad Sq Waterville, ME 04901-6133

1.48 ac lot
Entity Owned 2-yr Hold ~ Est. High Equity
Property ID
US42-0513107
Property summary
AI-generated overview

This exceptional 1,600 square foot Class A commercial space, located at 10 Railroad Square Artisan Hall, presents a unique opportunity for a variety of businesses. Situated on the second floor of a two-story building, this single-tenant space offers a blank canvas for customization, allowing businesses to tailor the layout to their specific needs. The property boasts a high-exposure location and a significant amount of off-street parking, with 15 or more spaces available. The building does not have an elevator. The versatile space is ideal for a range of uses, including traditional office, executive office, medical office, creative office, retail storefront, or barbershop. The monthly rent is $1,600, inclusive of all expenses except utilities, which are the tenant's responsibility. A minimum three-year lease term is required. The landlord is willing to consider tenant improvements to help establish your business. This vibrant location offers high visibility and is surrounded by thriving businesses, making it an excellent choice for growth-oriented enterprises. Contact us to schedule a viewing and explore the possibilities.

Property profile
Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 1.48 ac (64,469 SF)
APN WAVL M:052 B:378
UPID US42-0513107
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Somerset Violins (Bike/Boat/Book/etc) Store
  • Grand Central Cafe Restaurant
  • Drifted Clothing Co. Clothing Store
  • Friends Consignment & More Discount Store (Bike/Boat/Book/etc) Store
  • A New You Salon & Spa Hair Salon Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$1.17M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.22M
Owner & transaction history
Eighth Square LLC · 2 yrs held
Eighth Square LLC
since 2023
Last sale
$1.2M
2 recorded transactions
2023
$1.2M
2007
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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