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

    643 Main St Lewiston, ME 04240-5938

    • Investment properties
    • 3,942 SF
    • 0.58 lot acres
    OFF-MARKET
    Last Sale
    Jun 16, 2022
    $249,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US42-0786337
    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

    • Kornerstone Employment / Employment Agency
    • Affordable Cremation Solution LLC / Social Service Agency

    Property Details for 643 Main St

    Year built
    1925
    Lot size
    0.58 lot acres
    Property size
    3,942 SF
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    LEWI M:191 L:019
    APU
    LEWIM191L019

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Lewiston
    County
    Androscoggin
    State
    Maine
    Longitude
    -70.2045
    Latitude
    44.1177
    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
    $4,029
    $43,200
    $91,100
    $134,300
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      1,584 SF

      108 Shawmut St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,584 SF
      108 Shawmut St, Lewiston, ME 04240
      View Details
    • Value Estimation
      $5,240,000
      59,853 SF

      155 Lisbon St

      OFFICE/RESIDENTIAL (MIXED USE) • 59,853 SF
      155 Lisbon St, Lewiston, ME 04240-5271
      View Details
    • Value Estimation by Request
      2,323 SF

      1 Bellegarde Cir

      OFFICE/RESIDENTIAL (MIXED USE) • 2,323 SF
      1 Bellegarde Cir, Lewiston, ME 04240-4126
      View Details
    • Value Estimation by Request
      2,761 SF

      124 Ash St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,761 SF
      124 Ash St, Lewiston, ME 04240-6927
      View Details
    • Value Estimation by Request
      6,976 SF

      97 Ash St

      OFFICE/RESIDENTIAL (MIXED USE) • 6,976 SF
      97 Ash St, Lewiston, ME 04240-7137
      View Details
    • Value Estimation by Request
      12,460 SF

      223 Lisbon St

      OFFICE/RESIDENTIAL (MIXED USE) • 12,460 SF
      223 Lisbon St, Lewiston, ME 04240-7790
      View Details

    Similar Nearby for Sale

    • $550,000
      11,793 SF

      Multi-Use Investment Opportunity, Lewiston

      Expansive property with diverse income streams and development potential.
      715 Webster St, Lewiston, ME 04240
      View Details
    • $589,900
      5,393 SF

      Mixed-Use Investment Near Bates College

      Four residential units plus convenience store near Bates College.
      88 Russell St, Lewiston, ME 04240
      View Details
    • $229,995
      8,700 SF

      Downtown Lewiston Mixed-Use Gem

      Historic building, 8700 sq ft, endless potential
      50 Lisbon St, Lewiston, ME 04240
      View Details
    • $589,900
      2,050 SF

      Mixed-Use Investment Near Bates College

      Four residential units plus convenience store near Bates College.
      88 Russell St, Lewiston, ME 04240
      View Details
    • $580,000
      4,346 SF

      Mixed-Use Investment Opportunity in Maine

      High-visibility, income-generating mixed-use property with commercial and residential units.
      199-215 Bartlett St, Lewiston, ME 04240
      View Details
    • $799,000
      70.00 Acres

      Lewiston Mixed-Use Development Land

      70 Acres, Prime Lewiston Location
      55 Old Lisbon Rd, Lewiston, ME 04240
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      47,100 SF

      Prime Lewiston Retail Land

      43.3 acres, build-to-suit opportunity.
      135 Apple Rd, Lewiston, ME 04240
      View Details
    • $17 SF/Yr
      36,600 SF

      Lewiston Medical Office Space For Lease

      Class A Medical Office Suites Available
      77 Bates St, Lewiston, ME 04240
      View Details
    • $12 SF/Yr
      13,486 SF

      Lewiston Office Space For Lease

      13,486 SF office space available in Lewiston, Maine.
      24 Mollison Way, Lewiston, ME 04240
      View Details
    • $8 SF/Yr
      17,088 SF

      Lewiston Warehouse Space For Rent

      Warehouse space with 15' ceilings in Lewiston's traffic corridor.
      785 Main St, Lewiston, ME 04240
      View Details
    • $7 SF/Yr
      104,160 SF

      Lewiston Mall Retail Spaces Available

      Retail spaces for lease in enclosed Lewiston Mall.
      20 East Ave, Lewiston, ME 04240
      View Details
    • $7 SF/Yr
      37,600 SF

      Lewiston Industrial/Flex Building Available

      37,600± SF industrial/flex building for sale or lease.
      16 Bridge 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.
    643 Main St
    Lewiston, ME 04240-5938
    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.