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    Property profile & analytics

    585 Main St Lewiston, ME 04240-5945

    • Medical offices
    • 4,832 SF
    • 0.45 lot acres
    OFF-MARKET
    Value Estimation
    $425,000
    Last Sale
    Aug 26, 2022
    $500,000
    Location Intelligence
    Property ID
    US42-0835145
    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

    • Maine Optometry- Lewiston / Optometrist
    • Andre Achenbach, OD - Lewiston / Optometrist
    • Dejan Varagic, OD - Lewiston / Optometrist
    • Erin Murphy, OD - Lewiston / Optometrist

    Property Details for 585 Main St

    Year built
    1999
    Lot size
    0.45 lot acres
    Property size
    4,832 SF
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    LEWI M:192 L:079
    APU
    LEWIM192L079

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $365,000

    • CAP approach

      CAP return
      Estimation
      6%
      $475,000
      6.5%
      $460,000
      7%
      $485,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $445,000
      Geo Method
      $455,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $555,000
      Retail
      $555,000
      Mixed-Use
      $410,000
      Hospitality
      $435,000
      Educational
      $560,000
      Residential Income
      $525,000
      Energy
      $440,000
      Income-Based Land
      $415,000
      Food Service
      $550,000

    Location Insight

    • Map
    • Local Demand
    City
    Lewiston
    County
    Androscoggin
    State
    Maine
    Longitude
    -70.2063
    Latitude
    44.1146
    CBSA code
    30340
    CBSA name
    LEWISTON-AUBURN, ME METROPOLITAN STATISTICAL AREA

    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
    $9,489
    $70,840
    $245,460
    $316,300
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      33,954 SF

      15 Challenger Dr

      MEDICAL BUILDING • 33,954 SF
      15 Challenger Dr, Lewiston, ME 04240-1041
      View Details
    • Value Estimation
      $465,000
      6,868 SF

      75 Stetson Rd

      MEDICAL BUILDING • 6,868 SF
      75 Stetson Rd, Lewiston, ME 04240-2511
      View Details
    • Value Estimation
      $360,000
      7,368 SF

      168 Ee Ave

      MEDICAL BUILDING • 7,368 SF
      168 Ee Ave, Lewiston, ME 04240-5626
      View Details
    • Value Estimation by Request
      13,281 SF

      192 Russell St

      MEDICAL BUILDING • 13,281 SF
      192 Russell St, Lewiston, ME 04240-5435
      View Details
    • Value Estimation
      $325,000
      3,188 SF

      480 Main St

      MEDICAL BUILDING • 3,188 SF
      480 Main St, Lewiston, ME 04240-6238
      View Details
    • Value Estimation
      $340,000
      5,488 SF

      471 Sabattus St

      MEDICAL BUILDING • 5,488 SF
      471 Sabattus St, Lewiston, ME 04240-4112
      View Details

    Similar Nearby for Sale

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      7,296 SF medical office building for sale.
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    • New
      $375,000
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      Updated Building Ideal for Professional Services

      Versatile, updated building suitable for office, studio, or medical services.
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      Downtown Lewiston office building with steady cash flow.
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    Similar Nearby for Lease

    • $17 SF/Yr
      36,600 SF

      Lewiston Medical Office Space For Lease

      Class A Medical Office Suites Available
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      View Details
    • $12 SF/Yr
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      View Details
    • $12 SF/Yr
      13,486 SF

      Lewiston Office Space For Lease

      13,486 SF office space available in Lewiston, Maine.
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      View Details
    • $12 SF/Yr
      2,500 SF

      Lewiston Retail or Office Space

      Retail or office space available for lease in Lewiston.
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      View Details
    • $7 SF/Yr
      24,255 SF

      Prime Androscoggin County Warehouse

      Versatile warehouse, office space, ample parking.
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    • $20 SF/Yr
      1,818 SF

      Retail/Office Space on Lisbon Street

      Prime retail or office space in a high-traffic location.
      810 Lisbon St, Lewiston, ME 04240
      View Details
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    585 Main St
    Lewiston, ME 04240-5945
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    Realmo Value Estimation

    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.

    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.

    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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