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    279 Main St Fort Fairfield, ME 04742

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    279 Main St Fort Fairfield, ME 04742

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    • Banks
    • 9,833 SF
    For Sale
    $145,000
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    Versatile Fort Fairfield Commercial Building For Sale
    $145,000
    9,833 SF

    Versatile Fort Fairfield Commercial Building

    9,833 sq ft mixed-use building with potential for various ventures.

    279 Main St, Fort Fairfield, ME 4742
    View Listing
    Property ID
    US42-0417898
    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

    • Banks

    Property Details for 279 Main St

    Year built
    1999
    Property size
    9,833 SF
    Property type
    Banks
    Property subtype
    Coffee shops

    Description

    **FULL TERM SELLER FINANCING WITH FAVORABLE RATES **Located at 279 Main St., Fort Fairfield ME 04742 , this impressive commercial property offers a fantastic opportunity for investors. Boasting a total of 9,833 sq. ft. of space on a 13,939 sq. ft. lot, this vacant bank building is ideally suited for a variety of businesses. With features perfect for a restaurant, apartments, mixed use, or nursing home. the property includes a full basement, tile, vinyl, and wood floors, and a composition roof. Constructed in 1999 with a wood frame, the building features a commercial heat system and updated windows on the first floor. In 2018, a $40K drive-through was added to meet bank security standards. The space offers beautiful high ceilings with remarkable woodwork, adding character and charm to the property. Don't miss out on this exceptional opportunity - schedule a viewing today! Entire roof replaced in 2023! Amazing building, great structure, priced right! Zoned for mixed use, potential for apartments or multi use conversion. Includes the entire parking lot. All heating systems, electrical, and plumbing working. LED exterior wall packs recently added. Basement: Plenty of rooms, stays dry, foundation in great condition. Two fuel boilers in basement that feed baseboard heaters throughout entire building. First floor / ground level: Wide open commercial space with an entrance on the left where the teller was, perfect for a coffee shop/deli. Additional room for two apartments / offices in back of the first floor including a kitchen. Two propane heat pump systems, ducted just for first floor. Second floor: Offices all around perimeter. Potential for apartments. Third floor: Some offices with a larger banquet room and a kitchen. Bathrooms on all floors. City water / sewer.

    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
    Fort Fairfield
    County
    Aroostook
    State
    Maine
    Longitude
    -67.82909
    Latitude
    46.7709168

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      Commercial Property Investment Opportunity

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      0.43 Acres

      Land in Fort Fairfield, Maine

      A 0.43-acre land parcel with road frontage.
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      Corner lot with town water and sewer access.
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      0.80 Acres

      Residential Lot in Fort Fairfield

      0.8 acre residential lot with road frontage in Fort Fairfield.
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      Commercial Property Investment Opportunity

      Commercial property for sale, leased to auto parts business.
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    • Contact for pricing

      Commercial Property Investment Opportunity

      Commercial property for sale, leased to auto parts business.
      326 Main St, Fort Fairfield, ME 04742
      View Details
    • $399,000
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      Versatile Commercial Property in Fort Fairfield

      Adaptable single-story building on 1.42 acres, ideal for various uses.
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      View Details
    • Contact for pricing
      0.43 Acres

      Land in Fort Fairfield, Maine

      A 0.43-acre land parcel with road frontage.
      L12 S Caribou Rd, Fort Fairfield, ME 04742
      View Details
    • $40,000
      0.43 Acres

      Residential Land in Fort Fairfield

      Corner lot with town water and sewer access.
      20 Presque Isle St, Fort Fairfield, ME 04742
      View Details
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      0.80 Acres

      Residential Lot in Fort Fairfield

      0.8 acre residential lot with road frontage in Fort Fairfield.
      S Caribou Rd S, Fort Fairfield, ME 04742
      View Details
    View Listing
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    279 Main St
    Fort Fairfield, ME 04742
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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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