Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    62 Turner St Auburn, ME 04210-5953

    • Industrial properties
    • 33,672 SF
    • 0.90 lot acres
    OFF-MARKET
    Value Estimations
    $1,120,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US42-0336146
    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

    • Community Youth Services Inc / Non-Profit Organization / Youth Organization
    • Auburn-Lewiston YMCA / Non-Profit Organization / Youth Organization

    Property Details for 62 Turner St

    Year built
    1920
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.90 lot acres
    Property size
    33,672 SF
    Property type
    Industrial properties
    Property subtype
    Industrial live-work properties
    APN
    AUBN M:240 L:186
    APU
    AUBNM240L186

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $740,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,347,000
      Market price range: $1.35M - $3.07M
      AI Estimate
      $1,277,000
      Market price range: $1.05M - $3.95M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Auburn
    County
    Androscoggin
    State
    Maine
    Longitude
    -70.227
    Latitude
    44.0986
    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
    $27,639
    $385,500
    $829,400
    $1,214,900
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      928 SF

      470 Lk Shr Dr

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 928 SF
      470 Lk Shr Dr, Auburn, ME 04210
      View Details
    • Value Estimation by Request
      12.25 Acres

      551 Penley Cor Rd

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 12.25 Acres
      551 Penley Cor Rd, Auburn, ME 04210
      View Details
    • Value Estimation by Request
      5,760 SF

      476 Perkins Rdg Rd

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 5,760 SF
      476 Perkins Rdg Rd, Auburn, ME 04210
      View Details
    • Value Estimation by Request
      13,140 SF

      12 Riverside Dr

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 13,140 SF
      12 Riverside Dr, Auburn, ME 04210-6846
      View Details
    • Value Estimation by Request
      98.09 Acres

      528 Beech Hl Rd

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 98.09 Acres
      528 Beech Hl Rd, Auburn, ME 04210
      View Details
    • Value Estimation
      $655,000
      16,385 SF

      150 Lost Vly Rd

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 16,385 SF
      150 Lost Vly Rd, Auburn, ME 04210-8597
      View Details

    Similar Nearby for Sale

    • $6,950,000
      123,359 SF

      Auburn Warehouse: 123,359 SF

      Prime Maine industrial warehouse, value-add opportunity.
      586 Lewiston Junction Rd, Auburn, ME 04210
      View Details
    • $5,500,000
      13,421 SF

      Industrial Property with Rail Access

      Industrial zoned property featuring rail access, loading docks, and overhead doors.
      586 Lewiston Junction Rd, Auburn, ME 04210
      View Details
    • Contact for pricing
      3,900 SF

      Auburn Commerce Center: Prime Industrial Space

      Maine industrial space for sale or lease
      0 Kittyhawk Ave, Auburn, ME 04210
      View Details
    • $195,000
      0.79 Acres

      Auburn Industrial Land - Prime Development Sites

      Maine industrial land, ready to build.
      0 Mystique Way, Auburn, ME 04210
      View Details
    • $700,000
      3,906 SF

      Auburn Mixed-Use Opportunity

      Versatile Auburn property with residential and commercial potential.
      823 Washington St N, Auburn, ME 04210
      View Details
    • $825,000
      8,856 SF

      Prime Auburn Office Building

      Mixed-use, 8,856 sq ft, high visibility
      187 Washington St, Auburn, ME 04210
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      5,000 SF

      Prime Auburn Retail Space

      5,000 SF Retail/Restaurant Opportunity
      61 River Rd, Auburn, ME 04210
      View Details
    • $3,000,000
      32,200 SF

      Auburn Flex/R&D Building For Lease

      Flex/R&D building with upgrades, near airport and I-95.
      33 Omni Cir, Auburn, ME 04210
      View Details
    • $9 SF/Yr
      102,000 SF

      Industrial/Warehouse Space Near Turnpike

      Industrial/warehouse space with loading docks and drive-in doors available for lease.
      115 Logistics Dr, Auburn, ME 04210
      View Details
    • $13 SF/Yr
      2,500 SF

      Industrial/Flex Space For Rent

      2,500± SF industrial/flex space with recent upgrades and convenient location.
      385 Rodman Rd, Auburn, ME 04210
      View Details
    • $8 SF/Yr
      123,359 SF

      Lewiston Junction Road Office/Warehouse

      Multi-use space, flexible layouts, ample parking.
      586 Lewiston Junction Rd, Auburn, ME 04210
      View Details
    • $8 SF/Yr
      30,000 SF

      Auburn Industrial Flex Space

      30,000 SF Flex Warehouse, Auburn, ME
      385 Rodman Rd, Auburn, ME 04210
      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.
    62 Turner St
    Auburn, ME 04210-5953
    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.