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    Unknown Turner, ME 04282
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    Unknown, Turner, ME 04282

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    • Cannabis Properties
    • 2,480 SF
    For Sale
    $550,000
    View Listing →
    Commercial Building on 2.9 Acres For Sale
    $550,000
    2,480 SF

    Commercial Building on 2.9 Acres

    2.9-acre lot with commercial building, ready for various uses.

    1464 Auburn Road, Turner, ME 4282
    View Listing
    Property ID
    US42-0662464
    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

    • Cannabis Properties

    Property Details for Unknown

    Year built
    2018
    Property type
    Cannabis Properties
    Property subtype
    Industrial properties

    Description

    Opportunity awaits on this 2.9-acre lot featuring a 40x62 metal building designed for commercial use. With 263 feet of road frontage and easy accessibility, this property offers both convenience and visibility. The building boasts 14-foot ceilings, multiple rooms for various operational needs, and a ... fully equipped bathroom with a shower, making it a functional and adaptable space for your business. Currently set up as a cannabis grow facility, this property comes with all equipment included in the sale, offering a turnkey solution for those in the industry. However, the space is flexible enough to accommodate a wide range of other commercial uses. Perfect for investors or entrepreneurs looking for a ready-to-go operation or a customizable commercial property. Don't miss out on this unique opportunity!

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Turner
    County
    Androscoggin
    State
    Maine
    Longitude
    -70.2426
    Latitude
    44.2578

    Comparable in this City

    • New
      $1,800,000
      18,200 SF

      Turnkey Cannabis Cultivation Facility

      Fully operational cannabis cultivation facility with expansion potential in Turner, Maine.
      57 Conant Rd, Turner, ME 04282
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    • $5,000,000
      1,750.00 Acres

      Turner Land & Buildings Package

      1750-acre land package with buildings in Turner, Maine.
      2 Plains Rd, Turner, ME 04282
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    • $199,000
      16.00 Acres

      Turner, Maine Commercial Land

      16-acre commercial land parcel with high visibility on Route 4.
      Map28Lot1 Auburn Rd, Turner, ME 04282
      View Details
    • Contact for pricing
      Pending

      29-Acre Commercial Land Parcel

      29-acre commercial land with high visibility and road frontage.
      21 Auburn Rd, Turner, ME 04282
      View Details
    • $300,000
      15.00 Acres

      Turner, ME Commercial Land

      15+ acre commercial land with high traffic exposure.
      Auburn Rd, Turner, ME 04282
      View Details
    • $975,000
      4,000 SF

      Turner Commercial Property on Route 4

      Commercial property on 4.77 acres with high visibility.
      7 Springbrook Rd, Turner, ME 04282
      View Details

    Similar Nearby for Sale

    • New
      $1,800,000
      18,200 SF

      Turnkey Cannabis Cultivation Facility

      Fully operational cannabis cultivation facility with expansion potential in Turner, Maine.
      57 Conant Rd, Turner, ME 04282
      View Details
    • $5,000,000
      1,750.00 Acres

      Turner Land & Buildings Package

      1750-acre land package with buildings in Turner, Maine.
      2 Plains Rd, Turner, ME 04282
      View Details
    • $199,000
      16.00 Acres

      Turner, Maine Commercial Land

      16-acre commercial land parcel with high visibility on Route 4.
      Map28Lot1 Auburn Rd, Turner, ME 04282
      View Details
    • Contact for pricing
      Pending

      29-Acre Commercial Land Parcel

      29-acre commercial land with high visibility and road frontage.
      21 Auburn Rd, Turner, ME 04282
      View Details
    • $300,000
      15.00 Acres

      Turner, ME Commercial Land

      15+ acre commercial land with high traffic exposure.
      Auburn Rd, Turner, ME 04282
      View Details
    • $975,000
      4,000 SF

      Turner Commercial Property on Route 4

      Commercial property on 4.77 acres with high visibility.
      7 Springbrook Rd, Turner, ME 04282
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Turner Industrial Building For Lease

      16,000 SF industrial building for lease in Turner, Maine.
      40 Airport Rd, Turner, ME 04282
      View Details
    • Contact for pricing
      18,000 SF

      Commercial Land on Auburn Road

      Land with high visibility suitable for various commercial developments.
      1031 Auburn Rd, Turner, ME 04282
      View Details
    View Listing
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    Turner, ME 04282
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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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