Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    61 Ash St Lewiston, ME 04240-7132
    Back to Search
    Property profile & analytics

    61 Ash St, Lewiston, ME 04240-7132

    View on Map
    • Parking lots & garages
    • 0.71 lot acres
    Off-Market
    Property ID
    US42-0840117
    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

    • Parking lots & garages

    Property Details for 61 Ash St

    Lot size
    0.71 lot acres
    Property type
    Parking lots & garages
    APN
    LEWI M:195 L:002
    APU
    LEWIM195L002

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Feb 28, 2023 — Lewiston-auburn Area Hsng — Deed · related $1.5M · Maine State Housing Authority

    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
    Lewiston
    County
    Androscoggin
    State
    Maine
    Longitude
    -70.2148
    Latitude
    44.0967
    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
    $3,815
    $95,760
    $31,400
    $127,160
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      0.11 Acres

      187 Oak St

      PARKING LOT
      187 Oak St, Lewiston, ME 04240
      View Details
    • Value Estimation by Request
      0.12 Acres

      50 Oxford St

      PARKING LOT
      50 Oxford St, Lewiston, ME 04240
      View Details
    • Value Estimation by Request
      0.13 Acres

      10 Hammond St

      PARKING LOT
      10 Hammond St, Lewiston, ME 04240
      View Details
    • Value Estimation by Request
      0.13 Acres

      147 Lincoln St

      PARKING LOT
      147 Lincoln St, Lewiston, ME 04240
      View Details
    • Value Estimation by Request
      0.12 Acres

      289 Lisbon St

      PARKING LOT
      289 Lisbon St, Lewiston, ME 04240
      View Details
    • Value Estimation by Request
      0.11 Acres

      22 Bartlett St

      PARKING LOT
      22 Bartlett St, Lewiston, ME 04240
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,560 SF

      Open Lot with Mechanic Garage

      Prime lot with office space and mechanic garage for sale.
      1225 Sabattus St, Lewiston, ME 04240
      View Details
    • $699,900
      448 SF

      High-Visibility Commercial Property For Sale

      Commercial property with office, garage, and expansion potential.
      1225 Sabattus St, Lewiston, ME 04240
      View Details
    • New
      $125,000
      1,428 SF

      Versatile Commercial Garage with Parking

      For sale commercial garage with paved parking in a flexible CV zoning district supporting a wide range of business uses.
      24 Bates St, Lewiston, ME 04240
      View Details
    • $799,000
      8,220 SF

      Mixed-Use Property with Commercial Space

      Renovated mixed-use property with residential and commercial units.
      188 Lincoln Street Aly, Lewiston, ME 04240
      View Details
    • $384,900
      2,004 SF

      Well-Maintained Office Building with Potential

      2004 sq ft Lewiston office building with drive-up teller.
      467 Sabattus St, Lewiston, ME 04240
      View Details
    • $225,000
      1,720 SF

      Lewiston Commercial Building For Sale

      Retail/service building on 0.13-acre lot with high traffic count.
      957 Sabattus St, Lewiston, ME 04240
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      14,500 SF

      Lewiston Mall Retail Spaces Available

      Retail spaces for lease in enclosed Lewiston Mall.
      20 East Ave, Lewiston, ME 04240
      View Details
    • Contact for pricing

      Retail Development Site Available

      43.3± AC retail development site for lease.
      135 Apple Rd, Lewiston, ME 04240
      View Details
    • Contact for pricing

      High-Visibility Retail Space Available

      Retail space on high-traffic Minot Avenue, Auburn business district.
      747 Minot Ave, Lewiston, ME 04240
      View Details
    • Contact for pricing
      3,000 SF

      Centerville District Retail Opportunity

      Retail suite in a highly visible, mixed-use complex.
      37 Park St, Lewiston, ME 04240
      View Details
    • Contact for pricing

      Former Walgreens Retail/Office Space

      10,692± SF former Walgreens across from Central Maine Medical Center.
      297-315 Main St, Lewiston, ME 04240
      View Details
    • Contact for pricing
      4,600 SF

      Prime Office/Retail Space Available

      Class A space for lease with road frontage and high visibility.
      1896 Lisbon St, Lewiston, ME 04240
      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.
    61 Ash St
    Lewiston, ME 04240-7132
    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

    Thank You for Inquiry
    61 Ash St, Lewiston, ME, 04240
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!