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

    136 Center St Old Town, ME 04468

    • Commercial real estate
    • 26,109 SF
    • 0.28 lot acres
    For Sale
    View listing
    $900,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US42-0229872
    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

    • Sewall Hotel / Hotel & Motel
    • All About You Massage Therapy / Alternative Medicine Practice / Spa & Massage Center

    Property Details for 136 Center St

    Year built
    1940
    Lot size
    0.28 lot acres
    Property size
    26,109 SF
    Property type
    Commercial real estate
    APN
    026-079-000

    Description

    This exceptional three-story office building, located at 136 Center Street in Old Town, Maine, presents a compelling investment opportunity. Boasting 26,109 square feet of space, this property is situated on a 0.28-acre lot and is zoned C-1 - Commercial Business, offering significant flexibility for a variety of uses. Originally constructed in 1940, the building underwent a substantial renovation in 1990, ensuring a blend of historic character and modern functionality. The single building comprises three stories, providing ample space for tenants or a single large occupant. The asking price is $1,000,000. The property's APN is 026-079-000. Its central location in Old Town's vibrant commercial district provides excellent visibility and accessibility. This property represents a rare chance to acquire a well-maintained, historically significant commercial building in a thriving Maine community. The substantial square footage and flexible zoning make it ideal for a variety of business ventures. The combination of its classic architecture and updated interior creates a unique and attractive space for both tenants and owners. This is a strong investment opportunity in a desirable location. The property is ready for immediate occupancy or further development, depending on the buyer's needs. Serious inquiries are encouraged.

    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
    Old Town
    County
    Penobscot
    State
    Maine
    Longitude
    -68.6463207
    Latitude
    44.9346371

    Comparable in this City

    • $900,000
      26,109 SF

      Versatile Office Space in Old Town

      Adaptable office property suitable for various professional businesses.
      136 Center St, Old Town, ME 04468
      View Details
    • $348,000
      5,510 SF

      Historic Farmhouse Near Stillwater River

      Grand 5,500 sq. ft. farmhouse near University of Maine.
      1024 Stillwater Ave, Old Town, ME 04468
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    • $395,000
      0.31 Acres

      Old Town Multi-Unit Residential Property

      Three-unit property near University of Maine, ideal for investors.
      543 Main St, Old Town, ME 04468
      View Details
    • $40,000
      1.43 Acres

      Residential Land in Old Town

      1.43 acre residential lot for sale in Old Town, ME.
      199 Poplar St, Old Town, ME 04468
      View Details
    • $674,000
      0.47 Acres

      High-Volume Commercial Property For Sale

      Thriving car dealership with recent upgrades in Old Town, Maine.
      653 Stillwater Ave, Old Town, ME 04468
      View Details
    • Contact for pricing
      418,176.00 Acres

      9.6 Acre Parcel in Old Town

      9.6 acre parcel offers privacy near Old Town amenities.
      Map7Lot68 Kirkland Rd, Old Town, ME 04468
      View Details

    Similar Nearby for Sale

    • $900,000
      26,109 SF

      Versatile Office Space in Old Town

      Adaptable office property suitable for various professional businesses.
      136 Center St, Old Town, ME 04468
      View Details
    • $348,000
      5,510 SF

      Historic Farmhouse Near Stillwater River

      Grand 5,500 sq. ft. farmhouse near University of Maine.
      1024 Stillwater Ave, Old Town, ME 04468
      View Details
    • $395,000
      0.31 Acres

      Old Town Multi-Unit Residential Property

      Three-unit property near University of Maine, ideal for investors.
      543 Main St, Old Town, ME 04468
      View Details
    • $40,000
      1.43 Acres

      Residential Land in Old Town

      1.43 acre residential lot for sale in Old Town, ME.
      199 Poplar St, Old Town, ME 04468
      View Details
    • $674,000
      0.47 Acres

      High-Volume Commercial Property For Sale

      Thriving car dealership with recent upgrades in Old Town, Maine.
      653 Stillwater Ave, Old Town, ME 04468
      View Details
    • Contact for pricing
      418,176.00 Acres

      9.6 Acre Parcel in Old Town

      9.6 acre parcel offers privacy near Old Town amenities.
      Map7Lot68 Kirkland Rd, Old Town, ME 04468
      View Details
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    136 Center St
    Old Town, ME 04468
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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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