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    334 Main St Madawaska, ME 04756
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    334 Main St, Madawaska, ME 04756

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    • Mixed-use properties
    • 2,665 SF
    • 0.08 lot acres
    For Sale
    $215,000
    View Listing →
    Downtown Madawaska Multi-Use Building For Sale
    $215,000
    850 SF

    Downtown Madawaska Multi-Use Building

    Versatile building with retail space and residential units.

    334 Main Street, Madawaska, ME 04756
    View Listing
    Property ID
    US42-0090375
    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

    • Madtown Clothing / Clothing Store / Embroidery Service

    Property Details for 334 Main St

    Year built
    1948
    Lot size
    0.08 lot acres
    Property type
    Mixed-use properties

    Description

    This exceptional mixed-use building, located at 334 Main Street in the heart of Madawaska, Maine, presents a unique investment opportunity. Boasting a total of 2,665 square feet on a 0.08-acre lot, this property offers a versatile blend of commercial and residential space. The main level features over 1,000 square feet of prime retail or commercial space, ideal for a cafГ©, office, or service-based business. Its high-visibility location ensures significant foot traffic and downtown exposure, maximizing potential for success. Upstairs, two residential units provide additional income streams. A spacious two-bedroom apartment on the second floor is perfect for owner-occupancy or rental, while a cozy one-bedroom unit on the third floor offers further rental potential. A partially finished basement provides valuable dry storage space, and a rear garage door allows for convenient loading and unloading. This property's mixed-use zoning allows for flexible business and residential opportunities, making it an attractive investment for both entrepreneurs and seasoned investors. The building's prime downtown location in Madawaska offers a thriving business environment and strong rental demand. This is a rare opportunity to acquire a multi-faceted property with significant income potential in a desirable Maine location. The asking price is $180,000.

    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
    Madawaska
    County
    Aroostook
    State
    Maine
    Longitude
    -68.3261
    Latitude
    47.35597

    Comparable in this City

    • $215,000
      850 SF

      Downtown Madawaska Multi-Use Building

      Versatile building with retail space and residential units.
      334 Main St, Madawaska, ME 04756
      View Details
    • $150,000
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      Downtown Madawaska Commercial Gem

      Multi-use building, high potential!
      250 Main St, Madawaska, ME 04756
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      Madawaska Commercial Building For Sale

      Well-maintained commercial building with convenient floor plan in Madawaska, Maine.
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    • $135,000
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      Multifamily Property in Madawaska, ME

      Three-unit property with potential for two more units.
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    • New
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      Land with St. John River View

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    • $69,900
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      86 Acres in Northern Maine

      Off-grid land with brook frontage for recreation and camping.
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    Similar Nearby for Sale

    • $215,000
      850 SF

      Downtown Madawaska Multi-Use Building

      Versatile building with retail space and residential units.
      334 Main St, Madawaska, ME 04756
      View Details
    • $150,000
      3,600 SF

      Downtown Madawaska Commercial Gem

      Multi-use building, high potential!
      250 Main St, Madawaska, ME 04756
      View Details
    • $275,000
      4,004 SF

      Madawaska Commercial Building For Sale

      Well-maintained commercial building with convenient floor plan in Madawaska, Maine.
      645 Main St, Madawaska, ME 04756
      View Details
    • $135,000
      1,224 SF

      Multifamily Property in Madawaska, ME

      Three-unit property with potential for two more units.
      432-434 E Main St, Madawaska, ME 04756
      View Details
    • New
      $95,000
      35.00 Acres

      Land with St. John River View

      35 acres with views, development potential, and trail access.
      Cross Rd, Madawaska, ME 04756
      View Details
    • $69,900
      86.00 Acres

      86 Acres in Northern Maine

      Off-grid land with brook frontage for recreation and camping.
      M31-4A Off Gendreau Rd, Madawaska, ME 04756
      View Details

    Property Visit Statistics

    • Visits by month
      11.1k
    • Visitors by month
      4.4k
    • Avg Time on site
      12 min
    View Listing
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    Madawaska, ME 04756
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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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