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    Legacy Properties Sotheby's International Realty

    2 City Center, Portland, ME 04101
    (207) 780-8900
    Web Site
    Size: 10+ agents

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    Property Types

    • Land
    • Commercial Sale
    • Residential Multi Family

    Listings

    For Sale (33)

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    Portland Land Near Fore River
    $275,000
    0.31 Acres

    Portland Land Near Fore River

    Residential land for sale near downtown Portland and nature preserve.

    Hillcrest Ave, Portland, ME 04102
    View details
    Historic Waterfront Colonial with Redevelopment Potential
    $499,000
    0.38 Acres

    Historic Waterfront Colonial with Redevelopment Potential

    Historic Portland property with waterfront access and redevelopment possibilities.

    1227 Westbrook St, Portland, ME 04102
    View details
    Kennebunkport Land Opportunity
    $1,350,000
    4.40 Acres

    Kennebunkport Land Opportunity

    Pristine 4.4-acre lot in desirable Kennebunkport location.

    Wildes District Rd, Kennebunkport, ME 04046
    View details
    Charming Freeport Inn with Modern Home
    $1,499,000
    5,439 SF

    Charming Freeport Inn with Modern Home

    Seven-room bed and breakfast with a private three-bedroom home.

    11 Holbrook St, Freeport, ME 04032
    View details
    Route 17 Commercial Opportunity
    $499,999
    3,697 SF

    Route 17 Commercial Opportunity

    Commercial building on 4 acres with excellent visibility.

    43 Augusta Rd, Washington, ME 04574
    View details
    Land Near Great Salt Bay
    $250,000
    2.01 Acres

    Land Near Great Salt Bay

    Two-acre lot near Damariscotta with conservation area and salt marsh.

    Townley Dr, Damariscotta, ME 04543
    View details
    Kennebunk Buildable Land with Ocean Views
    $1,850,000
    0.26 Acres

    Kennebunk Buildable Land with Ocean Views

    Vacant land parcel near Kennebunk Beach promenade with ocean views.

    221 Beach Ave, Kennebunk, ME 04043
    View details
    Rockland Duplex with Rental History
    $494,000
    2,800 SF

    Rockland Duplex with Rental History

    Well-maintained Rockland duplex near downtown shops and restaurants.

    30 Granite St, Rockland, ME 04841
    View details
    Cape Arundel Buildable Estate Lot
    $1,665,000
    3.25 Acres

    Cape Arundel Buildable Estate Lot

    Rare 3.25-acre lot in coveted Cape Arundel enclave.

    2A Ivy Ln, Kennebunkport, ME 04046
    View details
    Saint George Building Lot
    $510,000
    2.80 Acres

    Saint George Building Lot

    2.8 acre building lot in Midcoast Maine.

    Lang Rd, Saint George, ME 04860
    View details
    Downtown Rockland Multi-Use Building
    $1,895,000
    8,083 SF

    Downtown Rockland Multi-Use Building

    Multi-use building with retail, residential, and rental spaces.

    410 Main St, Rockland, ME 04841
    View details
    Versatile Commercial Building on Large Lot
    $450,000
    5,600 SF

    Versatile Commercial Building on Large Lot

    Adaptable commercial building with living space on 35.3 acres.

    1443 Bristol & Tbd Split Rock Rd, Bristol, ME 04539
    View details
    Private Wooded Lot in Bristol
    $160,000
    12.00 Acres

    Private Wooded Lot in Bristol

    Wooded lot in coastal community, perfect for dream retreat.

    Lane Rd Jack's, Bristol, ME 04554
    View details
    Chebeague Island Land Parcel
    $169,000
    1.35 Acres

    Chebeague Island Land Parcel

    1.35 acre lot near amenities on Chebeague Island.

    Buxhill Blvd, Chebeague Island, ME 04017
    View details
    Maine Coastal Land Opportunity
    $495,000
    10.20 Acres

    Maine Coastal Land Opportunity

    10.20 acre parcel in North Haven, Maine with water views.

    274 W District Rd, North Haven, ME 04853
    View details
    Waterfront Land on Islesboro
    $785,000
    1.90 Acres

    Waterfront Land on Islesboro

    1.9 acres of waterfront land with accessible shore.

    M15L20-Tbd Golf Clb Rd, Islesboro, ME 04848
    View details
    Prime Commercial Wharf and Restaurant
    $3,150,000
    7,084 SF

    Prime Commercial Wharf and Restaurant

    Established restaurant and wharf with diverse income streams for sale.

    127 State Route 32, Bristol, ME 04554
    View details
    Established Cranberry Bog For Sale
    $399,000
    1,231 SF

    Established Cranberry Bog For Sale

    Producing cranberry bog with processing barn and potential living space.

    Heal Rd, Lincolnville, ME 04849
    View details
    Oceanfront Colonial Triplex in Rockport, ME
    $1,250,000
    2,658 SF

    Oceanfront Colonial Triplex in Rockport, ME

    Oceanfront triplex with rental income potential or single-family conversion.

    4 Warrenton St, Rockport, ME 04856
    View details
    Ocean Point Land Opportunity
    $385,000
    2.70 Acres

    Ocean Point Land Opportunity

    2.7-acre lot in Ocean Point with potential water access.

    7 Flint Ln, Boothbay, ME 04544
    View details
    Two Acre Bremen Land Parcel
    $65,000
    2.00 Acres

    Two Acre Bremen Land Parcel

    Two-acre surveyed lot ready for building a dream home.

    Shore Rd, Bremen, ME 04551
    View details
    LAND - Wiscasset, ME
    $689,000
    45.94 Acres

    LAND - Wiscasset, ME

    Commercial land • 45.94 Acres

    625 Bath Rd, Wiscasset, ME 04578
    View details
    Downtown Rockland Multi-Use Commercial Building
    $1,895,000
    8,083 SF

    Downtown Rockland Multi-Use Commercial Building

    Multi-use commercial building in downtown Rockland with retail and residential spaces.

    410 Main St, Rockland, ME 04841
    View details
    Lincolnville Land in Established Neighborhood
    $62,000
    3.82 Acres

    Lincolnville Land in Established Neighborhood

    3.8-acre lot in convenient Midcoast location, build your new home.

    M31 Samian Cir, Lincolnville, ME 04849
    View details
    Expansive Land in Mid-Coast Maine
    $650,000
    63.52 Acres

    Expansive Land in Mid-Coast Maine

    63+ acres in desirable Mid-Coast region, ideal for development.

    410 Center St, Nobleboro, ME 04555
    View details
    Montville Land with Road Frontage
    $64,900
    6.25 Acres

    Montville Land with Road Frontage

    6.25 acres of land in Waldo County, Maine.

    M54 L5&6 Woodsman Ml Rd, Montville, ME 04941
    View details
    Acreage Lot in Camden, ME
    $495,000
    26.78 Acres

    Acreage Lot in Camden, ME

    26.78 acre parcel suitable for residential or agricultural development.

    91 Simonton Rd, Camden, ME 04843
    View details
    Bristol Maine Commercial Wharf Restaurant
    $2,500,000
    7,084 SF

    Bristol Maine Commercial Wharf Restaurant

    Profitable restaurant and commercial wharf in Bristol, Maine for sale.

    127 129 State Rte 32, Bristol, ME 04554
    View details
    Mixed-Use Complex in Downtown Camden
    $2,225,000
    11,691 SF

    Mixed-Use Complex in Downtown Camden

    Mixed-use property with residential and commercial units near Camden harbor.

    56 Elm St, Camden, ME 04843
    View details
    Freeport Inn with Modern Owner's Home
    Contact for pricing
    5,439 SF

    Freeport Inn with Modern Owner's Home

    Charming 7-room B&B with a private 3-bedroom residence.

    11 Holbrook St, Freeport, ME 04032
    View details
    Belfast Commercial Office Space
    $595,000
    3,051 SF

    Belfast Commercial Office Space

    High-visibility Route 1 office, ample parking.

    189 Northport Ave, Belfast, ME 04915
    View details
    Iconic Restaurant and Wharf For Sale
    Contact for pricing
    7,084 SF

    Iconic Restaurant and Wharf For Sale

    Established restaurant and wharf with diverse income streams.

    127 State Route 32, Bristol, ME 04554
    View details
    Downtown Rockland Multi-Use Building
    $1,895,000
    8,083 SF

    Downtown Rockland Multi-Use Building

    Stunning multi-use building in downtown Rockland with rental units.

    410 Main St, Rockland, ME 04841
    View details

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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
    Legacy Properties Sotheby's International Realty
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