Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    605 Central Dr Presque Isle, ME 04769-2044

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    605 Central Dr Presque Isle, ME 04769-2044

    View on Map
    • Industrial properties
    • 3,600 SF
    • 0.77 lot acres
    Off-Market
    Property ID
    US42-0183062
    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

    • Six05 / Gym & Fitness Center
    • CrossFit Presque Isle / Gym & Fitness Center

    Property Details for 605 Central Dr

    Year built
    1984
    Lot size
    0.77 lot acres
    Property size
    3,600 SF
    Zone code
    INDUST
    Property type
    Industrial properties
    APN
    PREE M:042 B:035 L:605
    APU
    PREEM042B035L605

    Description

    This 3,600 square foot warehouse, located at 605 Central Drive in Presque Isle, Maine (zip code 04769), is offered for sale at $350,000. The property is situated within Aroostook County's thriving business sector, offering excellent accessibility and visibility. The building features high ceilings, perfect for various industrial uses. A finished office space is already in place, complete with a reception area and a full bathroom on the second floor. This versatile space presents a blank canvas for customization, allowing for the addition of extra garage doors to further enhance functionality. The asking price translates to $97.22 per square foot. This property represents a significant opportunity for entrepreneurs and businesses seeking a well-located, adaptable warehouse space in a growing Maine community. The property is being sold directly by the owner, offering a streamlined transaction process. This is a rare opportunity to acquire a functional and adaptable warehouse in a prime location. Don't miss out on this chance to establish your business in a dynamic and convenient setting.

    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
    Presque Isle
    County
    Aroostook
    State
    Maine
    Longitude
    -68.0322
    Latitude
    46.6911

    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
    2024
    $4,531
    $23,500
    $189,200
    $212,700
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      1.60 Acres

      25 Mapleton Rd

      INDUSTRIAL (GENERAL) • 1.60 Acres
      25 Mapleton Rd, Presque Isle, ME 04769
      View Details
    • Value Estimation by Request
      60.00 Acres

      95 Reach Rd

      INDUSTRIAL (GENERAL) • 60.00 Acres
      95 Reach Rd, Presque Isle, ME 04769
      View Details
    • Value Estimation by Request
      2.50 Acres

      1455 Central Dr

      INDUSTRIAL (GENERAL) • 2.50 Acres
      1455 Central Dr, Presque Isle, ME 04769-2057
      View Details
    • Value Estimation
      $625,000
      26,580 SF

      75 Davis St

      INDUSTRIAL (GENERAL) • 26,580 SF
      75 Davis St, Presque Isle, ME 04769-2255
      View Details
    • Value Estimation by Request
      3.07 Acres

      4 Ryan St

      INDUSTRIAL (GENERAL) • 3.07 Acres
      4 Ryan St, Presque Isle, ME 04769-2868
      View Details
    • Value Estimation by Request
      0.40 Acres

      55 Industrial St

      INDUSTRIAL (GENERAL) • 0.40 Acres
      55 Industrial St, Presque Isle, ME 04769-2538
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      7,640 SF

      Grain Storage Facility with Rail

      Grain storage facility on 3.55 acres with rail access.
      153 North St, Presque Isle, ME 04769
      View Details
    • $1,200,000
      7,640 SF

      Grain Storage Facility, Presque Isle

      Established grain storage facility with rail access and handling infrastructure.
      153 North St, 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
    • Contact for pricing
      0.28 Acres

      Presque Isle Land Opportunity

      Expansive land in Presque Isle with water and sewer access.
      Presque Isle, ME 04769
      View Details
    • $1,950,000
      54.43 Acres

      Expansive Land on U.S. Route 1

      54-acre property with redevelopment potential on U.S. Route 1.
      443 Caribou Rd, Presque Isle, ME 04769
      View Details
    • $1,950,000
      54.43 Acres

      Expansive Commercial Land on Route 1

      54-acre commercial/agricultural property with redevelopment potential on Route 1.
      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
    • 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
    • $12 SF/Yr
      758 SF

      Aroostook Centre Mall Retail Space

      Up to 86,479 SF of retail space for lease.
      830 Main St, Presque Isle, ME 04769
      View Details
    • Contact for pricing

      Aroostook Centre Mall Retail Space

      Up to 86,479 SF of retail space for lease.
      830 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.
    605 Central Dr
    Presque Isle, ME 04769-2044
    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.
    Sign Up Successful!
    You now have access to more from Realmo!