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

    838 Lisbon Str Lewiston, ME 04240-6634

    • Turn key restaurants
    • 6,636 SF
    • 0.39 lot acres
    OFF-MARKET
    Value Estimations
    $270,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US42-0842785
    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

    • The Pit Bar & Grill / Restaurant

    Property Details for 838 Lisbon Str

    Year built
    1974
    Lot size
    0.39 lot acres
    Property size
    6,636 SF
    Property type
    Turn key restaurants
    APN
    LEWI M:197 L:151
    APU
    LEWIM197L151

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $270,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $270,000
      Market price range: $271k - $711k

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $445,000
      Current use
      RETAIL STORES
      $380,000
      Change: -14% Conversion: Easy
      APARTMENT HOUSE (5+ UNITS)
      $370,000
      Change: -17% Conversion: Difficult
      MEDICAL BUILDING
      $360,000
      Change: -19% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Lewiston
    County
    Androscoggin
    State
    Maine
    Longitude
    -70.2039
    Latitude
    44.0854
    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
    $9,633
    $87,980
    $233,120
    $321,100
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $230,000
      121 SF

      69 Sabattus St

      RESTAURANT • 121 SF
      69 Sabattus St, Lewiston, ME 04240-6836
      View Details
    • Value Estimation
      $295,000
      6,500 SF

      750 Sabattus St

      RESTAURANT • 6,500 SF
      750 Sabattus St, Lewiston, ME 04240-3878
      View Details
    • Value Estimation
      $300,000
      7,937 SF

      1472 Lisbon St

      RESTAURANT • 7,937 SF
      1472 Lisbon St, Lewiston, ME 04240-3516
      View Details
    • Value Estimation
      $225,000
      1,628 SF

      1 Mollison Way

      RESTAURANT • 1,628 SF
      1 Mollison Way, Lewiston, ME 04240-5805
      View Details
    • Value Estimation
      $450,000
      7,680 SF

      12 Mollison Way

      RESTAURANT • 7,680 SF
      12 Mollison Way, Lewiston, ME 04240-5806
      View Details
    • Value Estimation
      $235,000
      870 SF

      403 Sabattus St

      RESTAURANT • 870 SF
      403 Sabattus St, Lewiston, ME 04240-5429
      View Details

    Similar Nearby for Sale

    • $450,000

      Retail Restaurant Space For Sale

      Retail restaurant property in high-traffic Lewiston corridor for sale.
      143 Lincoln St, Lewiston, ME 04240
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    • $550,000
      11,793 SF

      Multi-Use Investment Opportunity, Lewiston

      Expansive property with diverse income streams and development potential.
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    • $175,000
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      Prime Commercial Building in Lewiston

      Standalone commercial property in Lewiston's vibrant downtown area.
      76 Sabattus St, Lewiston, ME 04240
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    • Contact for pricing
      169,000 SF

      140 Mill St

      Multifamily properties • 169,000 SF
      140 Mill St, Lewiston, ME 04240
      View Details
    • $1,795,000
      10,692 SF

      Former Walgreens Retail Opportunity

      Redevelopment opportunity near Central Maine Medical Center.
      297-311 Main St, Lewiston, ME 04240
      View Details
    • New
      $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
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    Similar Nearby for Lease

    • $1,800 /Mo
      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
      47,100 SF

      Prime Lewiston Retail Land

      43.3 acres, build-to-suit opportunity.
      135 Apple Rd, Lewiston, ME 04240
      View Details
    • $7 SF/Yr
      24,255 SF

      Prime Androscoggin County Warehouse

      Versatile warehouse, office space, ample parking.
      20 Highland Spring Rd, Lewiston, ME 04240
      View Details
    • $12 SF/Yr
      4,536 SF

      Prime Flex Space, Androscoggin County

      Highway-accessible retail space; 4,536 sq ft.
      1219 Lisbon St, Lewiston, ME 04240
      View Details
    • $7 SF/Yr
      105,000 SF

      Prime Industrial Development Site

      43 Acres, 105,000 SF, Maine Turnpike Access
      135 Apple Rd, Lewiston, ME 04240
      View Details
    • $20 SF/Yr
      1,818 SF

      Retail/Office Space on Lisbon Street

      Prime retail or office space in a high-traffic location.
      810 Lisbon St, Lewiston, ME 04240
      View Details

    Property Visit Statistics

    • Visits by month
      7.9k
    • Visitors by month
      4.2k
    • Avg Time on site
      8 min
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    838 Lisbon Str
    Lewiston, ME 04240-6634
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    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
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