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    Property profile & analytics

    20 Highland Spring Rd Lewiston, ME 04240

    • Showrooms
    • 24,255 SF
    • 2.76 lot acres
    For Lease
    View listing
    $7 SF/Yr
    Value Estimation
    $525,000
    Location Intelligence
    Property ID
    US42-0812939
    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

    • Maine Heavy Equipment Services / Truck Repair Shop
    • St. Laurent and Son Excavation, Inc. / Demolition Contractor / Excavating Contractor

    Property Details for 20 Highland Spring Rd

    Year built
    1958
    Lot size
    2.76 lot acres
    Property size
    24,255 SF
    Property type
    Showrooms
    APN
    LEWI M:119 L:028
    APU
    LEWIM119L028

    Description

    This exceptional commercial property in Androscoggin County offers 24,255 square feet of versatile space, ideal for a variety of businesses. The building, constructed in 1958 and renovated in 2016, boasts a blend of office and warehouse areas. The 5,400 square feet of office space includes twelve private offices and two conference rooms, providing ample room for administrative functions. The substantial 18,855 square feet of warehouse space is equipped for efficient operations, featuring ten overhead doors, a loading dock, and a truck wash bay. Twelve drive-in doors further enhance accessibility. The property sits on a 2.76-acre lot with a 271-foot frontage, providing ample space for maneuvering and parking. Parking for 50+ vehicles is available. The building is a two-story Class B structure with a 14-foot ceiling height in the warehouse area. Six bathrooms are conveniently located throughout the building. Currently leased, this property offers a unique opportunity for future occupancy beginning June 30, 2025. Its flexible layout allows for potential division to accommodate specific business needs, making it an attractive investment in a desirable location with excellent accessibility.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $500,000

    • CAP approach

      CAP return
      Estimation
      6%
      $600,000
      6.5%
      $625,000
      7%
      $635,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $660,000
      Geo Method
      $705,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $485,000
      Retail
      $500,000
      Mixed-Use
      $660,000
      Hospitality
      $530,000
      Educational
      $515,000
      Residential Income
      $580,000
      Energy
      $625,000
      Income-Based Land
      $600,000
      Food Service
      $555,000

    Location Insight

    • Map
    • Local Demand
    City
    Lewiston
    County
    Androscoggin
    State
    Maine
    Longitude
    -70.1806
    Latitude
    44.1043
    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
    $21,571
    $98,800
    $620,240
    $719,040
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

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      47 Lincoln St

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      View Details
    • Value Estimation
      $5,485,000
      133,040 SF

      2019 Lisbon Rd

      SHOW ROOM, WAREHOUSE • 133,040 SF
      2019 Lisbon Rd, Lewiston, ME 04240
      View Details

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    20 Highland Spring Rd
    Lewiston, ME 04240
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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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