Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    Lot 1-7 Manhattan Way Ellsworth, ME 04605

    View on Map
    Claim this Listing
    For Sale
    $245,000

    Single - Ellsworth, ME

    Type:Single Family Residence
    Lot size:
    366,340.00 Acres
    Added:
    Jan 5, 2026
    Days on Market:
    102
    Last Refresh:
    Apr 17 at 5:06 pm

    Property Features for Lot 1-7 Manhattan Way

    General Information

    Property type
    Land
    Property subtype
    Single Family Residence
    Standard status
    Active
    Lot size
    366,340.00 Acres

    Taxes and HOA fees

    Tax Annual Amount
    2544

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Debra Porter

    Listing agent Debra Porter

    Listing office Ellsworth, Maine 193 Main Street, Keene, ME

    Listing date Jan 5, 2026

    MLS# 1647640 Listing URL

    Copyright © 2026 Better Homes and Gardens-The Masiello Group. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Ellsworth Land Subdivision Opportunity

    This 8.41-acre property presents a development opportunity with seven lots in a private subdivision off North Bend Road. Located less than 5 minutes from downtown Ellsworth and in proximity to Surry, the lots have been soils tested and surveyed. Power has been recently installed on the road. The Patten Pond Boat launch is located nearby. Covenants are in place, but a new owner can submit new plans to the planning board.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Big Box & Wholesale Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Ellsworth
    County
    Hancock
    State
    Maine
    Longitude
    -68.3944
    Latitude
    44.6651

    Nearby Similar for Sale

    • $785,000
      4,048 SF

      Prime Ellsworth Commercial Building

      Commercial building in downtown Ellsworth with retail and office space.
      93 Main Street, Ellsworth, ME 04605
      View Details
    • $939,000
      8,848 SF

      Versatile Commercial Property, Ellsworth, ME

      Three buildings on 8.28 acres near downtown Ellsworth.
      248 Bucksport Road, Ellsworth, ME 04605
      View Details
    • $3,200,000
      15,678 SF

      Ellsworth Office Building Investment Opportunity

      Well-maintained 17-unit office building in Ellsworth's commercial hub.
      270 High Street, Ellsworth, ME 04605
      View Details
    • $95,000

      Ellsworth Land with Urban Zoning

      Partially cleared 1.5-acre lot in urban zone.
      457 Bangor Road, Ellsworth, ME 04605
      View Details
    • $1,100,000
      5,524 SF

      Mixed-Use Investment Opportunity, Ellsworth, ME

      In-town multi-family property with commercial and storage space.
      62 Spring Street, Ellsworth, ME 04605
      View Details
    • $785,000
      4,048 SF

      Ellsworth Mixed-Use Commercial Building

      Prime commercial building with residential conversion potential in downtown Ellsworth.
      93 Main Street, Ellsworth, ME 04605
      View Details
    • $575,000
      10,700 SF

      Ellsworth Commercial Building For Sale

      Large commercial building with showroom, offices, and warehouse space.
      25 Douglas Highway, Ellsworth, ME 04605
      View Details
    • $950,000
      7,488 SF

      Main Street Investment Opportunity

      Historic mixed-use building in thriving downtown location with income potential.
      108 Main Street, Ellsworth, ME 04605
      View Details
    • $950,000
      7,488 SF

      Main Street Mixed-Use Investment

      Historic mixed-use building in thriving downtown location with income potential.
      108 Main Street, Ellsworth, ME 04605
      View Details
    • $710,900
      3,500 SF

      New Ellsworth Duplex Under Construction

      Energy-efficient, custom-built duplex near downtown Ellsworth. Investment opportunity.
      135 Surry Road unit: 1 & 2, Ellsworth, ME 04605
      View Details
    • $99,000

      Ellsworth Land with Urban Zoning

      1.15 acre lot with improvements and in-town visibility.
      221 Bucksport Road, Ellsworth, ME 04605
      View Details
    • $399,500

      Ellsworth Land with Water Access

      153-acre lot with water access and extensive road frontage.
      Bucksport Road lot: #1, Ellsworth, ME 04605
      View Details

    FAQs

    What type of property is this?
    Land - Seven-lot subdivision near downtown Ellsworth and Patten Pond boat launch.
    Where is this land located?
    The property is located at Lot 1-7 Manhattan Way Ellsworth, ME.
    What is the asking price?
    The asking price for this property is $245,000.
    What are key features of this property?
    This property features: Seven‑lot private subdivision offers development potential.; Conveniently located less than 5 minutes from downtown Ellsworth.; All seven lots are soils tested and surveyed.
    (207) 266-1022
    We can help!
    Listing Contact
    Debra Porter
    Real Estate License ID: BR911818
    Learn More
    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.
    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.
    Sign Up Successful!
    You now have access to more from Realmo!