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Property profile & analytics
FOR LEASE
Industrial properties
777 Main St Lewiston, ME 04240
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US42-0801229
For Lease
1 / 11
$9 SF/Yr
777 Main St, Lewiston, ME 04240
View Listing →
Property summary
AI-generated overview
This exceptional Lewiston, Maine industrial property, located at 777 Main St, offers 54,180 square feet of versatile space across four single-story buildings. Built in 1946 and renovated in 1985, the property sits on a 1.42-acre lot zoned for Highway Business use. The asking price is $1,750,000, translating to $32.30 per square foot. Features include three loading docks and an 18-foot ceiling height. Its prime location offers convenient access to downtown Lewiston, making it ideal for a variety of uses, including breweries, artisanal businesses, light manufacturing, distribution, or commissary operations. The property's multi-tenant configuration and potential for build-to-suit options provide significant flexibility for prospective buyers. The APN is 00-012309. This is a NNN lease property.
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1985
Total area
29,997 SF
Lot
1.42 ac (61,855 SF)
APN
LEWI M:169 L:015
UPID
US42-0801229
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Calvary Chapel Lewiston Auburn Church
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$715k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$786k
Blend (final)
Blend
$1.08M
Owner & transaction history
Turris Temporis II LLC · 1 yrs held
Turris Temporis II LLC
since 2024
Last sale
$1.4M
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.7M
+151.9%
Apartment house (5+ units)
$1.7M
+144.3%
Medical building
$1.6M
+137.9%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Lewiston submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lewiston submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$715,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$680,000
Current use
RETAIL STORES
$1,715,000
Change: +152% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$1,660,000
Change: +144% · Conversion: Difficult
MEDICAL BUILDING
$1,620,000
Change: +138% · Conversion: Difficult
OFFICE BUILDING
$1,345,000
Change: +98% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,300,000
Change: +91% · Conversion: Difficult
Blend value · Realmo final
$1.08M
Range $968k – $1.18M · ±10% · vs last sale $1.40M (Aug 25 2024)
Last sale anchor
$1.40M
Aug 25 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$36 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$27,070
Tax year 2023
Assessed value
$902,320
Assessed 2023
Previous assessed
$902,320
+0.0% YoY
Effective rate
3.00%
On assessed value
Assessed land
$130,070
Assessed improvement
$772,250
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
For Lease
Year built
1985
Heating
ELECTRIC
Units
1
Total area
29,997 SF
Lot
1.42 ac (61,855 SF)
APN
LEWI M:169 L:015
UPID
US42-0801229
Jurisdiction
LEWISTON
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$680,000
RETAIL STORES
Est. value
$1.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.7M
MEDICAL BUILDING
Est. value
$1.6M
OFFICE BUILDING
Est. value
$1.3M
COMMERCIAL (GENERAL)
Est. value
$1.3M
INDUSTRIAL (GENERAL) Current
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
OFFICE BUILDING
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1985
Heating
ELECTRIC
Units
1
Lot
1.42 ac
Current owner
From public records · entity-resolved
Turris Temporis II LLC
Entity
Mailing address
50 HUSSEY LN, DIAMOND COVE, ME 04109-3034
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 25, 2024
$1,400,000
Turris Temporis II LLC
F-pak Me LLC
Deed
$1,322,603 · Partners Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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