Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    19 Locust St Lewiston, ME 04240
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    19 Locust St Lewiston, ME 04240

    View on Map
    • Industrial properties
    • 226,924 SF
    • 2.84 lot acres
    Off-Market
    Property ID
    US42-0775591
    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
    $2,085,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Androscoggin Mills / Tour Operator

    Property Details for 19 Locust St

    Year built
    1861
    Lot size
    2.84 lot acres
    Property size
    226,924 SF
    Property type
    Industrial properties
    APN
    LEWI M:197 L:045 U:11131
    APU
    LEWIM197L045U11131

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Lewiston
    County
    Androscoggin
    State
    Maine
    Longitude
    -70.2134
    Latitude
    44.0883
    CBSA code
    30340
    CBSA name
    LEWISTON-AUBURN, 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
    $21,721
    $162,900
    $561,130
    $724,030
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request

      2 Cedar St

      INDUSTRIAL (GENERAL)
      2 Cedar St, Lewiston, ME 04240-7874
      View Details
    • Value Estimation
      $2,285,000
      150,720 SF

      85 Cedar St

      INDUSTRIAL (GENERAL) • 150,720 SF
      85 Cedar St, Lewiston, ME 04240
      View Details
    • Value Estimation by Request
      264 SF

      1219 Sabattus St

      INDUSTRIAL (GENERAL) • 264 SF
      1219 Sabattus St, Lewiston, ME 04240
      View Details
    • Value Estimation by Request
      12,988 SF

      38 Alfred A Plourde Pkwy

      INDUSTRIAL (GENERAL) • 12,988 SF
      38 Alfred A Plourde Pkwy, Lewiston, ME 04240-1006
      View Details
    • Value Estimation
      $6,100,000
      93,740 SF

      765 Webster St

      INDUSTRIAL (GENERAL) • 93,740 SF
      765 Webster St, Lewiston, ME 04240-1600
      View Details
    • Value Estimation
      $1,345,000
      65,630 SF

      29 Lexington St

      INDUSTRIAL (GENERAL) • 65,630 SF
      29 Lexington St, Lewiston, ME 04240-3511
      View Details

    Similar Nearby for Sale

    • $1,250,000
      14,000 SF

      11 Fireslate Pl, Lewiston, ME 04240

      Industrial properties • 14,000 SF
      11 Fireslate Pl, Lewiston, ME 04240
      View Details
    • $299,000
      1,896 SF

      Former Fire Station For Sale

      Commercial property with flexible layout and redevelopment potential in Lewiston.
      834 Main St, Lewiston, ME 04240
      View Details
    • Contact for pricing
      66,077 SF

      Lewiston Manufacturing, Warehouse, and Office

      66,077± SF light manufacturing, warehouse, and office space available.
      48 Commercial St, Lewiston, ME 04240
      View Details
    • Contact for pricing
      17,796 SF

      Lewiston Industrial Building For Sale

      17,796 SF industrial building with food grade manufacturing space.
      20 Forrestal St, Lewiston, ME 04240
      View Details
    • $365,000
      3,264 SF

      Updated Commercial Building in Lewiston

      Versatile, updated building suitable for office, studio, or medical services.
      395 Sabattus St, Lewiston, ME 04240
      View Details
    • $550,000
      11,793 SF

      Multi-Use Investment Opportunity, Lewiston

      Expansive property with diverse income streams and development potential.
      715 Webster St, Lewiston, ME 04240
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Lewiston Warehouse Space For Rent

      Warehouse space for rent in high-traffic Lewiston corridor.
      777 Main St, Lewiston, ME 04240
      View Details
    • Contact for pricing

      Lewiston Warehouse Space For Rent

      Warehouse space with 15' ceilings in Lewiston's traffic corridor.
      785 Main St, Lewiston, ME 04240
      View Details
    • Contact for pricing

      Versatile Commercial Property Available 2025

      24,000+ sq ft flex space available June 2025.
      20 Highland Spring Rd, Lewiston, ME 04240
      View Details
    • Contact for pricing

      New Industrial/Warehouse Units Available

      To-Be-Built Industrial/Warehouse Units directly off Maine Turnpike Exit 80.
      5 Priscilla Dr, Lewiston, ME 04240
      View Details
    • Contact for pricing

      Lewiston Manufacturing, Warehouse, Office Space

      66,077± SF light manufacturing, warehouse, and office space available.
      48 Commercial St, Lewiston, ME 04240
      View Details
    • Contact for pricing
      37,600 SF

      Lewiston Industrial/Flex Building Available

      37,600± SF industrial/flex building for sale or lease.
      16 Bridge St, Lewiston, ME 04240
      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.
    19 Locust St
    Lewiston, ME 04240
    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.
    Sign Up Successful!
    You now have access to more from Realmo!