Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    428 Main St Presque Isle, ME 04769-2688

    • Retail space
    • 3,978 SF
    • 0.07 lot acres
    OFF-MARKET
    Value Estimations
    $195,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US42-0033364
    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

    • Home Ec. Market / Home Goods Store
    • Little Blossom Boutique / Baby Clothing Store
    • Greenmark IT, LLC / Computer Security Service / Service Establishment
    • C&C INVESTMENT AGENCY, INC. / Property Management Company
    • CADCAR PROPERTY MANAGEMENT AGENCY; CADCAR RENTALS / Property Management Company / Property Investment Company

    Property Details for 428 Main St

    Year built
    1900
    Lot size
    0.07 lot acres
    Property size
    3,978 SF
    Zone code
    RETAIL
    Property type
    Retail space
    APN
    PREE M:035 B:127 L:428
    APU
    PREEM035B127L428

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $240,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $155,000
      Market price range: $155k - $448k

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $295,000
      Current use
      COMMERCIAL (GENERAL)
      $255,000
      Change: -13% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Presque Isle
    County
    Aroostook
    State
    Maine
    Longitude
    -68.0153
    Latitude
    46.6804

    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
    $2,258
    $25,000
    $74,900
    $99,900
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $550,000
      7,920 SF

      774 Main St

      FINANCIAL BUILDING • 7,920 SF
      774 Main St, Presque Isle, ME 04769-2254
      View Details
    • Value Estimation
      $285,000
      3,543 SF

      795th Main St

      SHOW ROOM, WAREHOUSE • 3,543 SF
      795th Main St, Presque Isle, ME 04769-2201
      View Details
    • Value Estimation
      $330,000
      4,850 SF

      776 Main St

      FINANCIAL BUILDING • 4,850 SF
      776 Main St, Presque Isle, ME 04769-2254
      View Details
    • Value Estimation
      $265,000
      0.28 Acres

      642 Main St

      SHOW ROOM, WAREHOUSE • 0.28 Acres
      642 Main St, Presque Isle, ME 04769-2229
      View Details
    • Value Estimation
      $440,000
      2,778 SF

      202 Lathrop Rd

      SHOW ROOM, WAREHOUSE • 2,778 SF
      202 Lathrop Rd, Presque Isle, ME 04769
      View Details
    • Value Estimation
      $380,000
      5,282 SF

      680 Main St

      FINANCIAL BUILDING • 5,282 SF
      680 Main St, Presque Isle, ME 04769-2231
      View Details

    Similar Nearby for Sale

    • $150,000
      4,320 SF

      Mixed-Use Building in Presque Isle

      Mixed-use building in prime location ready for renovation.
      154 State Street Pl, Presque Isle, ME 04769
      View Details
    • $99,900
      10,000 SF

      Mixed-Use Building with Income Potential

      Mixed-use property featuring commercial spaces and residential units in Presque Isle.
      Presque Isle, ME 04769
      View Details
    • $499,000
      16,000 SF

      Versatile Warehouse and Storefront Property

      1.5-acre commercial property with warehouse and storefront in Presque Isle.
      43 State Street Pl, Presque Isle, ME 04769
      View Details
    • $1,450,000

      Presque Isle Mobile Home Community

      85-site mobile home community in Presque Isle, Maine.
      50 Davis St, Presque Isle, ME 04769
      View Details
    • Contact for pricing
      0.24 Acres

      Presque Isle Downtown Building Lot

      Downtown Presque Isle lot, buyer must build if purchased.
      25 Turner St, Presque Isle, ME 04769
      View Details
    • $1,950,000
      54.43 Acres

      54-Acre Commercial/Agricultural Land on Route 1

      54-acre commercial/agricultural property on Route 1 between Presque Isle and Caribou.
      443 Caribou Rd, Presque Isle, ME 04769
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,400 SF

      Mixed-Use Center Space Available

      3,400 SF space suitable for retail, medical, or office.
      733-735 Main St, Presque Isle, ME 04769
      View Details
    • $12 SF/Yr
      422,882 SF

      Aroostook Centre Mall Retail Space

      Presque Isle retail center; multiple suites available.
      830 Main St, Presque Isle, ME 04769
      View Details
    • $12 SF/Yr
      6,609 SF

      Presque Isle Flex Space For Lease

      High-visibility retail/industrial space.
      611 Main St, Presque Isle, ME 04769
      View Details
    • Contact for pricing

      Main Street Commercial Land Opportunity

      Commercial land for rent in downtown Presque Isle.
      745 Main St, Presque Isle, ME 04769
      View Details
    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.
    428 Main St
    Presque Isle, ME 04769-2688
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.