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    Property profile & analytics

    188 Madison Ave Skowhegan, ME 04976-1349

    • Retail properties
    • 5,466 SF
    • 0.75 lot acres
    OFF-MARKET
    Value Estimation
    $320,000
    Location Intelligence
    Property ID
    US42-0099656
    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

    • Children's Center / Disability Services And Support Organization / Mental Health Service
    • Williamson's Pools / Swimming Pool Supply Store / Hot Tub Repair Service
    • Skowhegan Family Planning / Reproductive Health Clinic / Family Planning Center

    Property Details for 188 Madison Ave

    Year built
    1939
    Lot size
    0.75 lot acres
    Property size
    5,466 SF
    Property type
    Retail properties
    APN
    SKOW M:32 B:64
    APU
    SKOWM32B64

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $290,000

    • CAP approach

      CAP return
      Estimation
      6%
      $450,000
      6.5%
      $455,000
      7%
      $395,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $435,000
      Geo Method
      $380,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $360,000
      Retail
      $455,000
      Mixed-Use
      $455,000
      Hospitality
      $475,000
      Educational
      $355,000
      Residential Income
      $400,000
      Energy
      $435,000
      Income-Based Land
      $355,000
      Food Service
      $410,000

    Location Insight

    • Map
    • Local Demand
    City
    Skowhegan
    County
    Somerset
    State
    Maine
    Longitude
    -69.724
    Latitude
    44.774

    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
    $6,064
    $170,500
    $171,700
    $342,200
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      1,691 SF

      25 Factory St

      DEPARTMENT STORE • 1,691 SF
      25 Factory St, Skowhegan, ME 04976-1446
      View Details
    • Value Estimation
      $1,950,000
      2,760 SF

      65 Madison Ave

      DEPARTMENT STORE • 2,760 SF
      65 Madison Ave, Skowhegan, ME 04976-1207
      View Details
    • Value Estimation
      $280,000
      2,430 SF

      220 Madison Ave

      DEPARTMENT STORE • 2,430 SF
      220 Madison Ave, Skowhegan, ME 04976-1356
      View Details
    • Value Estimation
      $310,000
      2,204 SF

      175 Madison Ave

      DEPARTMENT STORE • 2,204 SF
      175 Madison Ave, Skowhegan, ME 04976-1344
      View Details
    • Value Estimation
      $310,000
      1,296 SF

      371 Frnt St

      DEPARTMENT STORE • 1,296 SF
      371 Frnt St, Skowhegan, ME 04976-5102
      View Details
    • Value Estimation
      $390,000
      12,875 SF

      42 Ct St

      DEPARTMENT STORE • 12,875 SF
      42 Ct St, Skowhegan, ME 04976-1808
      View Details

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    • Contact for pricing
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    188 Madison Ave
    Skowhegan, ME 04976-1349
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    Realmo Value Estimation

    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.

    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.

    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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