Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    893 Roosevelt Trl Casco, ME 04015-3422
    Back to Search
    Property profile & analytics

    893 Roosevelt Trl, Casco, ME 04015-3422

    View on Map
    • Showrooms
    • 2,496 SF
    • 1.51 lot acres
    Off-Market
    Last Sale Mar 14, 2025
    $210,000
    Property ID
    US42-0051497
    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

    • Showrooms

    Property Details for 893 Roosevelt Trl

    Year built
    2016
    Construction
    FRAME
    Lot size
    1.51 lot acres
    Zone code
    10
    Property type
    Showrooms
    APN
    CASC M:0005 L:0002 U:E
    APU
    CASCM0005L0002UE

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Mar 14, 2025 $210,000 Grind Industries LLC Ana M Kaczala Deed —
    Dec 22, 2022 — Ann M Kaczala Stephen J Kaczala Quit Claim Deed · related —
    Jul 23, 2020 — Stephen J Kaczala Dean S Bundy Warranty Deed · related —
    Sep 6, 2012 — Dean Bundy Casco Town Of Grant Deed · related —

    Description

    This exceptional commercial property, located at 893 Roosevelt Trail in Casco, Maine, presents a unique opportunity for a discerning investor or business owner. The building boasts a substantial 4,992 square feet of space spread across two stories, currently unfinished, allowing for complete customization to suit your specific needs. Situated on a generous 1.5-acre lot at the highly visible corner of Roosevelt Trail (Route 302) and Tenney Hill Road, this property benefits from exceptional exposure to a high volume of daily traffic. The commercially zoned lot offers superb visibility and accessibility. The property includes a private well and septic system, simplifying utility connections. A professional site plan is on file with the Town of Casco, which has approved permits for one apartment and one accessory apartment, adding significant potential for residential use or rental income. The building's adaptable layout is ideal for a variety of commercial uses, including retail spaces, offices, or a combination thereof. The potential for in-home occupancy further enhances the property's versatility. This is a rare opportunity to acquire a large, well-located commercial building with significant upside potential in a thriving Maine community. The asking price is $225,000.

    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
    Casco
    County
    Cumberland
    State
    Maine
    Longitude
    -70.562
    Latitude
    43.9579
    CBSA code
    38860
    CBSA name
    PORTLAND-SOUTH PORTLAND-BIDDEFORD, 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
    $3,086
    $57,800
    $135,700
    $193,500
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      900 SF

      974 Mdw Rd

      SHOW ROOM, WAREHOUSE
      974 Mdw Rd, Casco, ME 04015-3040
      View Details
    • Value Estimation
      $915,000
      8,964 SF

      1300 Poland Spg Rd

      SHOW ROOM, WAREHOUSE
      1300 Poland Spg Rd, Casco, ME 04015
      View Details
    • Value Estimation
      $2,100,000
      21,000 SF

      Roosevelt Trl

      SHOW ROOM, WAREHOUSE
      Roosevelt Trl, Casco, ME 04015
      View Details
    • Value Estimation
      $785,000
      4,800 SF

      90 Indian Acres Rd

      SHOW ROOM, WAREHOUSE
      90 Indian Acres Rd, Casco, ME 04015
      View Details
    • Value Estimation by Request
      8,800 SF

      23 Roosevelt Trl

      Individual retail properties
      23 Roosevelt Trl, Casco, ME 04015
      View Details
    • Value Estimation by Request
      3,228 SF

      978 Mdw Rd

      RETAIL STORES (PERSONAL SERVICES)
      978 Mdw Rd, Casco, ME 04015-3041
      View Details

    Similar Nearby for Sale

    • $849,000
      8,800 SF

      Prime Casco Retail Duo

      Two buildings, high traffic, great income
      23 Roosevelt Trl, Casco, ME 04015
      View Details
    • $339,000
      2,012 SF

      Casco Commercial Building - Route 302

      Route 302 Commercial Property, High Potential
      312 Roosevelt Trl, Casco, ME 04015
      View Details
    • $225,000
      111,513 SF

      Casco Commercial Land Opportunity

      2.56 acre parcel suitable for various commercial uses.
      46 Red Mill Rd, Casco, ME 04015
      View Details
    • $130,000
      0.35 Acres

      Casco, ME Land For Sale

      Residential land with right-of-way to water in Casco, ME.
      Thomas Pond Shore Rd, Casco, ME 04015
      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.
    893 Roosevelt Trl
    Casco, ME 04015-3422
    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
    893 Roosevelt Trl, Casco, ME, 04015
    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!