Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    317 Main St Farmington, ME 04938
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    317 Main St Farmington, ME 04938

    View on Map
    • Retail space
    • 14,769 SF
    • 1.36 lot acres
    For Sale
    $3,890,083
    View Listing →
    Walgreens Property in Farmington, ME For Sale
    $3,890,083
    14,775 SF

    Walgreens Property in Farmington, ME

    Absolute NNN lease with renewal options and rent increases.

    317 Main St, Farmington, ME 4938
    View Listing
    Property ID
    US42-0301571
    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

    • Retail space

    Property Details for 317 Main St

    Year built
    2008
    Lot size
    1.36 lot acres
    Property size
    14,769 SF
    Zone code
    SEASON
    Property type
    Retail space
    APN
    FARN M:U14 L:043
    APU
    FARNMU14L043

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $700,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,379,000
      Market price range: $655k - $1.38M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $955,000
      Current use
      COMMERCIAL (GENERAL)
      $1,450,000
      Change: +52% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Farmington
    County
    Franklin
    State
    Maine
    Longitude
    -70.1497
    Latitude
    44.6638

    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
    $60,974
    $129,900
    $2,932,600
    $3,062,500
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $575,000
      8,528 SF

      379 Wilton Rd

      RETAIL STORES (PERSONAL SERVICES) • 8,528 SF
      379 Wilton Rd, Farmington, ME 04938-6124
      View Details
    • Value Estimation by Request
      8,272 SF

      1060 Farmington Fls Rd

      RETAIL STORES (PERSONAL SERVICES) • 8,272 SF
      1060 Farmington Fls Rd, Farmington, ME 04938-6449
      View Details
    • Value Estimation by Request
      4,480 SF

      349 Wilton Rd

      RETAIL STORES (PERSONAL SERVICES) • 4,480 SF
      349 Wilton Rd, Farmington, ME 04938-6124
      View Details
    • Value Estimation by Request
      6,284 SF

      247 Frnt St

      RETAIL STORES (PERSONAL SERVICES) • 6,284 SF
      247 Frnt St, Farmington, ME 04938-5805
      View Details
    • Value Estimation by Request
      2,990 SF

      107 Brg St

      RETAIL STORES (PERSONAL SERVICES) • 2,990 SF
      107 Brg St, Farmington, ME 04938
      View Details
    • Value Estimation by Request
      3,200 SF

      133 Brg St

      RETAIL STORES (PERSONAL SERVICES) • 3,200 SF
      133 Brg St, Farmington, ME 04938
      View Details

    Similar Nearby for Sale

    • $320,000
      1,181 SF

      Commercial Building on High-Visibility Lot

      Commercial building on a high-traffic road, suitable for various businesses.
      399 Wilton Rd, Farmington, ME 04938
      View Details
    • $399,000
      2,420 SF

      Commercial Building with Drive-Thru

      Versatile 2420 sqft commercial building on 0.65-acre lot.
      670 Wilton Rd, Farmington, ME 04938
      View Details
    • $399,900
      2,713 SF

      Turn-Key Party Supply Store

      Party supply store with rental unit in Farmington, Maine.
      103 Fyfe Rd, Farmington, ME 04938
      View Details
    • Contact for pricing
      14,775 SF

      Walgreens Property in Farmington, ME

      Absolute NNN lease with renewal options and rent increases.
      317 Main St, Farmington, ME 04938
      View Details
    • $695,000
      4,140 SF

      High-Visibility Commercial Property in Farmington

      Established Route 2 location with redevelopment potential.
      170 Wilton Rd, Farmington, ME 04938
      View Details
    • $349,000
      1,008 SF

      Turnkey Restaurant Opportunity in Farmington

      Fully equipped restaurant for sale in downtown Farmington, Maine.
      148 Wilton Rd, Farmington, ME 04938
      View Details

    Similar Nearby for Lease

    • $15 SF/Yr
      2,540 SF

      Retail or Restaurant Space Available

      Highly visible pad building in Hannaford-anchored retail center.
      134 Hannaford Dr, Farmington, ME 04938
      View Details
    • Contact for pricing
      1,000 SF

      Historic Office Space For Rent

      Professional office spaces in downtown Farmington, Maine.
      144 High St, Farmington, ME 04938
      View Details
    View Listing
    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.
    317 Main St
    Farmington, ME 04938
    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!