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    Property profile & analytics

    22 North St Houlton, ME 04730

    • Office buildings
    • 2,816 SF
    • 0.88 lot acres
    For Sale
    View listing
    $258,000
    Last Sale
    Jul 13, 2020
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US42-0527721
    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

    • A New Start LLC / Mental Health Service / Social Worker

    Property Details for 22 North St

    Year built
    1900
    Lot size
    0.88 lot acres
    Property size
    2,816 SF
    Zone code
    B
    Property type
    Office buildings
    APN
    HOUL M:034 B:3 L:017
    APU
    HOULM034B3L017

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $275,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Houlton
    County
    Aroostook
    State
    Maine
    Longitude
    -67.8438
    Latitude
    46.128

    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
    $2,458
    $38,000
    $81,300
    $119,300
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $255,000
      2,156 SF

      24 Nn St

      OFFICE BUILDING • 2,156 SF
      24 Nn St, Houlton, ME 04730-1834
      View Details
    • Value Estimation
      $405,000
      12,660 SF

      37 Bangor St

      OFFICE BUILDING • 12,660 SF
      37 Bangor St, Houlton, ME 04730-1739
      View Details
    • Value Estimation
      $415,000
      3,524 SF

      29 Military St

      OFFICE BUILDING • 3,524 SF
      29 Military St, Houlton, ME 04730-1713
      View Details
    • Value Estimation
      $330,000
      4,104 SF

      304 Nn St

      OFFICE BUILDING • 4,104 SF
      304 Nn St, Houlton, ME 04730-3532
      View Details
    • Value Estimation
      $250,000
      2,212 SF

      46 Nn St

      OFFICE BUILDING • 2,212 SF
      46 Nn St, Houlton, ME 04730-1834
      View Details
    • Value Estimation
      $330,000
      10,000 SF

      29 Bangor St

      OFFICE BUILDING • 10,000 SF
      29 Bangor St, Houlton, ME 04730-1711
      View Details

    Similar Nearby for Sale

    • $258,000
      2,816 SF

      Historic Houlton Office Building

      Prime Location, Renovated Office Space
      22 North St, Houlton, ME 04730
      View Details
    • $1,495,000
      3.50 Acres

      Route 1 Commercial Opportunity

      Established business with multiple income streams on Route 1.
      49 Calais Rd, Hodgdon, ME 04730
      View Details
    • $39,900
      3.50 Acres

      Land with Davis Brook Frontage

      3.5-acre land with frontage on both sides of Davis Brook.
      Wilcox Rd, Cary Plt, ME 04730
      View Details
    • Contact for pricing
      1.01 Acres

      Maine Land Ready For Building

      Surveyed Houlton land ideal for building your dream home.
      Smyrna St, Houlton, ME 04730
      View Details
    • New
      $43,900
      11.00 Acres

      Hodgdon, ME - 11 Acre Lot

      11-acre surveyed house lot with existing structures in Hodgdon, Maine.
      922 Calais Rd, Hodgdon, ME 04730
      View Details
    • $595,000
      9,897 SF

      Retail/Office Building with Drive-Thru

      Retail or office building with drive-thru, large parking lot.
      6 North St, Houlton, ME 04730
      View Details

    Similar Nearby for Lease

    • $5 SF/Yr
      2,000 SF

      Retail Spaces at Houlton Plaza

      Retail spaces available in a high-traffic shopping destination.
      114 North St, Houlton, ME 04730
      View Details
    • Contact for pricing
      3,100 SF

      Downtown Houlton Retail Space

      Turnkey retail space in downtown Houlton, Maine.
      11 High St, Houlton, ME 04730
      View Details
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    22 North St
    Houlton, ME 04730
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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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