Property profile

485 Washburn St Caribou, ME 04736

OFF-MARKET
Commercial real estate
Property ID
US42-0637678
2,644 SF 1.9 ac lot Built 1948
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional Caribou, ME commercial property offers a unique investment opportunity. Situated on a 1.9-acre lot just minutes from downtown and recreational trails, this property boasts two substantial structures totaling over 10,000 square feet. The main residence features a spacious layout, including a large 46 x 20 foot family room (formerly a dining hall), a kitchen with ample space, a washer/dryer area, and a walk-in closet that could easily be converted into an additional bedroom. The master bedroom offers plenty of space for a king-size bed. Upstairs, a former apartment includes three more bedrooms and a full bathroom. The second structure, a former church, provides over 6,500 square feet of versatile space. The auditorium features impressive woodwork and a Modine heater. Additional storage areas and a half-bath are also included. This building previously housed multiple apartments and presents significant redevelopment potential. The property benefits from 600-amp service and a separate septic tank. The residence also includes an oversized two-car garage with extensive storage and direct access to the home. This property's expansive size and prime location offer endless possibilities for a variety of commercial uses. The asking price is $299,000.

Property profile

Verified
Property type Commercial real estate
Year built 1948
Total area 2,644 SF
Lot 1.9 ac (82,764 SF)
UPID US42-0637678

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

485 Washburn St Caribou, ME 04736
Caribou metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 485 Washburn St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
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