Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    104 Temple Rd Farmington, ME 04938
    Property profile & analytics

    104 Temple Rd Farmington, ME 04938

    View on Map
    • Investment properties
    • 972 SF
    • 0.31 lot acres
    Off-Market
    Property ID
    US42-0347020
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Investment properties

    Property Details for 104 Temple Rd

    Year built
    1920
    Lot size
    0.31 lot acres
    Property size
    972 SF
    Zone code
    RB
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    FARN M:U31 L:064
    APU
    FARNMU31L064

    Description

    This meticulously maintained 1,000+ square foot commercial building at 104 Temple Road, Farmington, ME, presents a unique investment opportunity. Currently operating as a hair salon, the property boasts a pristine interior featuring a new roof, a new heat pump, and newly installed interior walls. The building's design is ideally suited for drive-through service, significantly enhancing its versatility. Ample off-street parking accommodates numerous vehicles, and the property offers considerable room for expansion. The location is exceptionally well-suited for various businesses, including but not limited to coffee shops, fast-food establishments, or food trucks. The existing washer/dryer and refrigerator are included in the sale. The kitchen area offers potential for expansion or conversion into living space, making this a truly multi-purpose property. The existing business is not included in the sale, but the contents are available for purchase separately. This property presents a rare chance to acquire a turn-key commercial space with significant upside potential in a desirable location. The 0.22-acre lot provides ample space for future development or expansion. The possibilities are endless! This is a must-see for any discerning investor or entrepreneur.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Farmington
    County
    Franklin
    State
    Maine
    Longitude
    -70.156
    Latitude
    44.6622

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $1,746
    $19,300
    $68,400
    $87,700
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      362 SF

      174 Croswell Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 362 SF
      174 Croswell Rd, Farmington, ME 04938
      View Details
    • Value Estimation by Request
      2,760 SF

      170 Croswell Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 2,760 SF
      170 Croswell Rd, Farmington, ME 04938
      View Details
    • Value Estimation by Request
      2,920 SF

      176 Croswell Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 2,920 SF
      176 Croswell Rd, Farmington, ME 04938-6460
      View Details
    • Value Estimation by Request
      732 SF

      175 Shr Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 732 SF
      175 Shr Rd, Farmington, ME 04938
      View Details
    • Value Estimation by Request
      3.50 Acres

      488 Farmington Fls Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 3.50 Acres
      488 Farmington Fls Rd, Farmington, ME 04938-6438
      View Details
    • Value Estimation by Request
      2,160 SF

      122 High St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,160 SF
      122 High St, Farmington, ME 04938-1928
      View Details

    Similar Nearby for Sale

    • New
      $485,000
      3,698 SF

      Mixed-Use Property in Downtown Farmington

      Meticulously maintained mixed-use property with strong rental history.
      128 Middle St, Farmington, ME 04938
      View Details
    • $62,000
      2.92 Acres

      Residential Land in Farmington, ME

      2.92 acre building site near downtown Farmington.
      004 Titcomb Hill Rd, Farmington, ME 04938
      View Details
    • $65,000
      10.88 Acres

      Farmington Land with Subdivision Potential

      Approved 5-lot subdivision near downtown Farmington with mountain views.
      R11-033-5 Bailey Hl Rd, Farmington, ME 04938
      View Details
    • $105,000
      22.00 Acres

      Land For Sale, Chesterville, ME

      22 acre land parcel available in Chesterville, Maine.
      R9 Zions Hill Rd, Chesterville, ME 04938
      View Details
    • New
      $485,000
      3,698 SF

      Farmington Commercial Property For Sale

      Meticulously maintained commercial property in Farmington's downtown village district.
      128 Middle St, Farmington, ME 04938
      View Details
    • $65,000
      2.25 Acres

      Farmington Land with Subdivision Approval

      Approved 2.25 acre lot near Farmington's amenities.
      R11-033-1 Bailey Hl Rd, Farmington, ME 04938
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,000 SF

      Historic Office Space For Rent

      Professional office spaces in downtown Farmington, Maine.
      144 High St, Farmington, ME 04938
      View Details
    • $15 SF/Yr
      2,540 SF

      Retail or Restaurant Space Available

      Highly visible pad building in Hannaford-anchored retail center.
      134 Hannaford Dr, Farmington, ME 04938
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    104 Temple Rd
    Farmington, ME 04938
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    104 Temple Rd, Farmington, ME, 04938
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!