Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1355 Airport Dr Presque Isle, ME 04769-2052

    • Industrial properties
    • 11,392 SF
    • 5.05 lot acres
    OFF-MARKET
    Value Estimations
    $625,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US42-0452951
    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

    • UPS Customer Center / Courier Service / Postal Service

    Property Details for 1355 Airport Dr

    Year built
    1988
    Lot size
    5.05 lot acres
    Property size
    11,392 SF
    Zone code
    INDUST
    Property type
    Industrial properties
    APN
    PREE M:014 B:003 L:135-500
    APU
    PREEM014B003L135500

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $440,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $809,000
      Market price range: $275k - $978k

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $530,000
      Current use
      RETAIL STORES
      $840,000
      Change: +59% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $730,000
      Change: +39% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Presque Isle
    County
    Aroostook
    State
    Maine
    Longitude
    -68.0465
    Latitude
    46.7004

    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
    2024
    $14,458
    $90,000
    $588,800
    $678,800
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      1.00 Acre

      15 Industrial St

      INDUSTRIAL (GENERAL) • 1.00 Acre
      15 Industrial St, Presque Isle, ME 04769-2537
      View Details
    • Value Estimation by Request
      5,504 SF

      47 Washburn Rd

      INDUSTRIAL (GENERAL) • 5,504 SF
      47 Washburn Rd, Presque Isle, ME 04769-6934
      View Details
    • Value Estimation by Request
      12,280 SF

      1215 Airport Dr

      INDUSTRIAL (GENERAL) • 12,280 SF
      1215 Airport Dr, Presque Isle, ME 04769-2051
      View Details
    • Value Estimation by Request
      3,600 SF

      605 Central Dr

      INDUSTRIAL (GENERAL) • 3,600 SF
      605 Central Dr, Presque Isle, ME 04769-2044
      View Details
    • Value Estimation by Request
      39.10 Acres

      228 Chapman Rd

      INDUSTRIAL (GENERAL) • 39.10 Acres
      228 Chapman Rd, Presque Isle, ME 04769-5228
      View Details
    • Value Estimation
      $1,040,000
      24,000 SF

      260 Missile St

      INDUSTRIAL (GENERAL) • 24,000 SF
      260 Missile St, Presque Isle, ME 04769-2069
      View Details

    Similar Nearby for Sale

    • New
      $499,000
      16,000 SF

      Versatile Warehouse and Storefront Property

      1.5-acre commercial property with warehouse and storefront in Presque Isle.
      43 State Street Pl, Presque Isle, ME 04769
      View Details
    • $1,950,000
      54.43 Acres

      54-Acre Commercial/Agricultural Land on Route 1

      54-acre commercial/agricultural property on Route 1 between Presque Isle and Caribou.
      443 Caribou Rd, Presque Isle, ME 04769
      View Details
    • $1,950,000
      54.43 Acres

      Expansive Land on U.S. Route 1

      54-acre property on U.S. Route 1 with redevelopment potential.
      443 Caribou Rd, Presque Isle, ME 04769
      View Details
    • $395,000
      9,110 SF

      Presque Isle Mobile Home Park

      Mobile home park with 11 homes included, investment opportunity.
      435 Parsons Rd, Presque Isle, ME 04769
      View Details
    • Contact for pricing
      0.28 Acres

      Presque Isle Land Opportunity

      Expansive .27-acre land in Presque Isle near downtown.
      Presque Isle, ME 04769
      View Details
    • Contact for pricing
      0.36 Acres

      Presque Isle Land For Sale

      Residential land in downtown Presque Isle, close to amenities.
      5 Verone St, Presque Isle, ME 04769
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr
      6,609 SF

      Presque Isle Flex Space For Lease

      High-visibility retail/industrial space.
      611 Main St, Presque Isle, ME 04769
      View Details
    • $12 SF/Yr
      422,882 SF

      Aroostook Centre Mall Retail Space

      Presque Isle retail center; multiple suites available.
      830 Main St, Presque Isle, ME 04769
      View Details
    • Contact for pricing

      Main Street Commercial Land Opportunity

      Commercial land for rent in downtown Presque Isle.
      745 Main St, Presque Isle, ME 04769
      View Details
    • Contact for pricing
      3,400 SF

      Mixed-Use Center Space Available

      3,400 SF space suitable for retail, medical, or office.
      733-735 Main St, Presque Isle, ME 04769
      View Details
    • $12 SF/Yr
      20,000 SF

      Aroostook Centre Mall Retail Space

      Up to 86,479 SF of retail space for lease.
      830 Main St, Presque Isle, ME 04769
      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.
    1355 Airport Dr
    Presque Isle, ME 04769-2052
    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

    Google sign-in failed. Please try again or use another login method.