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    Property profile & analytics

    588 Northern Ave Farmingdale, ME 04344

    • Commercial real estate
    • 1,250 SF
    • 0.82 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US42-0317307
    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

    • Magee's Automotive / Auto Repair Shop

    Property Details for 588 Northern Ave

    Lot size
    0.82 lot acres
    Property size
    1,250 SF
    Property type
    Commercial real estate

    Description

    This exceptional 0.82-acre commercial property located at 588 Northern Avenue in Farmingdale, Maine, presents a unique investment opportunity. Priced at $275,000, the property includes a 1,250 square foot building currently configured as a one-level home featuring two bedrooms, two bathrooms, a living room, kitchen, dining room, and a mudroom. A significant asset is the existing 30 x 32 foot heated garage, previously utilized for auto repair, complete with all the necessary tools to immediately commence operations in this field. A comprehensive inventory list of these tools will be provided to prospective buyers. Adding to the property's versatility is a detached one-car garage. The property's zoning and permitted uses should be independently verified by the buyer. Situated in Kennebec County, Maine, with the zip code 04344, this property offers substantial potential for various commercial ventures, leveraging the existing building and garage infrastructure. The location provides convenient access to local amenities and transportation routes. This is a rare opportunity to acquire a versatile commercial property with existing improvements in a desirable Maine location. Serious inquiries only.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Farmingdale
    County
    Kennebec
    State
    Maine
    Longitude
    -69.8241603
    Latitude
    44.247626

    Comparable in this City

    • New
      $425,000
      2,042 SF

      Versatile Mixed-Use Property Overlooking Kennebec River

      Two buildings on 5 acres suitable for commercial or residential.
      705 Maine Ave, Farmingdale, ME 04344
      View Details
    • $625,000

      Farmingdale Mobile Home Park

      Well-maintained 14-site mobile home park near Augusta, Maine.
      6-38 Stevens Ln, Farmingdale, ME 04344
      View Details
    • New
      $425,000
      2,042 SF

      Versatile Mixed-Use Property Overlooking Kennebec

      Two buildings on 5 acres, suitable for commercial or residential.
      705 Maine Ave, Farmingdale, ME 04344
      View Details

    Similar Nearby for Sale

    • New
      $425,000
      2,042 SF

      Versatile Mixed-Use Property Overlooking Kennebec River

      Two buildings on 5 acres suitable for commercial or residential.
      705 Maine Ave, Farmingdale, ME 04344
      View Details
    • $625,000

      Farmingdale Mobile Home Park

      Well-maintained 14-site mobile home park near Augusta, Maine.
      6-38 Stevens Ln, Farmingdale, ME 04344
      View Details
    • New
      $425,000
      2,042 SF

      Versatile Mixed-Use Property Overlooking Kennebec

      Two buildings on 5 acres, suitable for commercial or residential.
      705 Maine Ave, Farmingdale, ME 04344
      View Details
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    588 Northern Ave
    Farmingdale, ME 04344
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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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