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    54 North St Machias, ME 04654
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    54 North St Machias, ME 04654

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    • Office Units
    • 4,062 SF
    For Sale
    $160,000
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    Versatile Commercial Building on Large Lot For Sale
    $160,000
    4,062 SF

    Versatile Commercial Building on Large Lot

    Centrally located, spacious building suitable for various uses.

    54 North Street, Machias, ME 4654
    View Listing
    Property ID
    US42-0368938
    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

    • Office Units

    Property Details for 54 North St

    Year built
    1970
    Property size
    4,062 SF
    Property type
    Office Units
    Property subtype
    Retail space

    Description

    This centrally located commercial building sits within walking distance of all downtown amenities, and within 5 minutes of all public services. The 4,062 square foot 2 level building is especially well-built, spacious, and filled with light. There are multiple office spaces, 2 large gathering spac ... es, a huge well-equipped kitchen, and lots of accessible heated storage available for future use as a congregational facility, meeting hall, retail or office space. Other possibilities for future use might include a conversion into medical office suites, apartments, a recreational facility, catering business, restaurant, or a light manufacturing facility. The huge 1.14 acre lot is only currently half utilized. The added potential space might easily host a community gathering area, park, or additional parking for a converted facility. Very reasonably priced at only $77/square foot.

    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
    Machias
    County
    Washington
    State
    Maine
    Longitude
    -67.4614408
    Latitude
    44.7170426

    Comparable in this City

    • $420,000
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      Historic Machias Mixed-Use Building

      Three-story mixed-use building in the heart of Machias, Maine.
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    • $160,000
      4,062 SF

      Versatile Commercial Building on Large Lot

      Centrally located, spacious building suitable for various uses.
      54 North St, Machias, ME 04654
      View Details
    • $799,000
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      Elegant Greek Revival with Office

      Renovated 1860 Greek Revival with professional office space.
      44 Broadway St, Machias, ME 04654
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    • $179,000
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      Versatile Commercial Building in Machias

      Centrally located, spacious building suitable for various business ventures.
      54 North St, Machias, ME 04654
      View Details
    • $1,000,000
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      Riverfront Commercial and Residential Building

      Profitable, exquisitely maintained mixed-use building in a growing historical town.
      4 Colonial Way, Machias, ME 04654
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    • $325,000
      2,308 SF

      Versatile Mixed-Use Property in Machias

      Mixed-use property in the heart of Machias, Maine.
      2 High St, Machias, ME 04654
      View Details

    Similar Nearby for Sale

    • $420,000
      9,000 SF

      Historic Machias Mixed-Use Building

      Three-story mixed-use building in the heart of Machias, Maine.
      6 Colonial Way, Machias, ME 04654
      View Details
    • $160,000
      4,062 SF

      Versatile Commercial Building on Large Lot

      Centrally located, spacious building suitable for various uses.
      54 North St, Machias, ME 04654
      View Details
    • $799,000
      4,350 SF

      Elegant Greek Revival with Office

      Renovated 1860 Greek Revival with professional office space.
      44 Broadway St, Machias, ME 04654
      View Details
    • $179,000
      4,062 SF

      Versatile Commercial Building in Machias

      Centrally located, spacious building suitable for various business ventures.
      54 North St, Machias, ME 04654
      View Details
    • $1,000,000
      13,226 SF

      Riverfront Commercial and Residential Building

      Profitable, exquisitely maintained mixed-use building in a growing historical town.
      4 Colonial Way, Machias, ME 04654
      View Details
    • $1,000,000
      13,226 SF

      Riverfront Mixed-Use Building in Machias

      Three-story commercial building with retail and residential units.
      4 Colonial Way, Machias, ME 04654
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,995 SF

      Machias Retail Space For Rent

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      76 Dublin St, Machias, ME 04654
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    • Contact for pricing
      2,050 SF

      Retail Space in Machias Center

      2,050 SF retail space available in Hannaford-anchored shopping center.
      149 Dublin St, Machias, ME 04654
      View Details
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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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