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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    106 Lafayette St Yarmouth, ME 04096

    • Commercial real estate
    • 5.10 lot acres
    For Lease
    View listing
    $24 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US42-0284035
    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

    • Land Conservation Assistance Network / Non-Profit Organization
    • Marshall Jackson Robinson / Psychologist
    • Angela Lemire, DC / Chiropractor
    • Jessie Griffin, LMT / Massage Therapist

    Property Details for 106 Lafayette St

    Year built
    1880
    Lot size
    5.10 lot acres
    Zone code
    24
    Property type
    Commercial real estate
    APN
    YMTH M:028 L:031
    APU
    YMTHM028L031

    Description

    Lower Falls Landing presents a unique investment opportunity in a beautifully restored 3-story building (40,931 total square feet) dating back to 1880, with renovations completed in 1980. This mixed-use property, zoned WC, offers a blend of historic character and modern functionality. The building features two suites, currently offering a total of 3,980 square feet of vacant space. Suite 1B, a 3,200 square foot unit on the ground floor, is ideal for retail or office use and enjoys high visibility. Suite 2J, a 780 square foot corner office suite on the second floor, boasts abundant natural light and a flexible layout. The building's architectural details, including exposed original posts and beams and high ceilings, create a distinctive atmosphere. Modern amenities include central HVAC, quality office finishes, an ADA-compliant elevator, shared restrooms on each floor, and ample on-site parking. Many suites offer stunning marina and Royal River views. The convenient location also includes the Yarmouth Grillhouse restaurant on the ground floor, adding to the property's appeal. This exceptional property is perfect for businesses seeking a prestigious and functional workspace with historical character.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Yarmouth
    County
    Cumberland
    State
    Maine
    Longitude
    -70.1756
    Latitude
    43.7952
    CBSA code
    38860
    CBSA name
    PORTLAND-SOUTH PORTLAND-BIDDEFORD, ME METROPOLITAN STATISTICAL AREA

    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
    $123,533
    $1,116,300
    $4,131,500
    $5,247,800
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

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      2,450 SF

      105 Leighton Rd

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    • Value Estimation
      $755,000
      5,295 SF

      247 Portland St

      SHOW ROOM, WAREHOUSE • 5,295 SF
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      $550,000
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      936 Rte 1st 1

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    • Value Estimation
      $3,810,000
      19,972 SF

      259 Main St

      SHOW ROOM, WAREHOUSE • 19,972 SF
      259 Main St, Yarmouth, ME 04096-6723
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      151 Rte 1st 1

      COMMERCIAL (GENERAL)
      151 Rte 1st 1, Yarmouth, ME 04096
      View Details

    Similar Nearby for Sale

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    • $1,650,000
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    • New
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      Two-Unit Property in Yarmouth, ME

      Two-unit property with income potential near Royal River Park.
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    Similar Nearby for Lease

    • $1,800 /Mo
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      Yarmouth Office/Service Suites For Rent

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    • $24 SF/Yr
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      Yarmouth Retail/Office Space Available

      Retail and office suites available in a 3-story building.
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    • Contact for pricing
      6,884 SF

      Iconic Restaurant/Retail Building on River

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      Yarmouth Office Space Available

      Well-designed office space for lease with natural light.
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    • $24 SF/Yr
      40,931 SF

      Lower Falls Landing: Creative Office Space

      Historic Charm, Modern Amenities, River Views
      106 Lafayette St, Yarmouth, ME 04096
      View Details
    • $1,650 /Mo
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      Yarmouth Office Space For Rent

      Office space in a busy, convenient location on Main Street.
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      View Details
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    106 Lafayette St
    Yarmouth, ME 04096
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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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