Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Farmington Land Ready For Building Title is generated by Realmo AI

    Whittier Road lot 16 1, Farmington, ME 04938

    View on Map
    Claim this Listing
    For Sale
    $70,000

    LAND - Farmington, ME

    Lot size:
    2.20 Acres
    Added:
    Apr 8, 2026
    Days on Market:
    56
    Last Refresh:
    Jun 2 at 1:06 am

    Property Features for Whittier Road lot 16 1

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    per Town
    Parking features
    Driveway
    Pets allowed
    No
    Standard status
    Active
    Lot size
    2.20 Acres

    Taxes and HOA fees

    Tax Annual Amount
    1

    Utilities

    Sewer type
    Septic Needed
    Water source
    Well Needed

    We can help!

    Listing Contact
    Sarah Storer

    Listing agent Sarah Storer

    Listing office Coldwell Banker Sandy River Realty 602 Wilton Road, Farmington, ME

    Listing date Apr 8, 2026

    MLS# 1656943 Listing URL

    Copyright © 2026 Maine Listings. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Excellent Location: Close to Farmington, Augusta, Auburn, ski resorts, schools, hospital, shopping, and the Sandy River.
    • Flat and Level, Partially Cleared Lot: Ideal for building.
    • New Soil Test Available: Provides assurance for building.
    • Centrally Located: On Whittier Road, offering convenience.
    • Over 2 Acres: Provides ample space.
    • Builder Partnership: Property owned by a local builder willing to work with buyers.

    Overview

    This 2.2-acre lot is flat and level, partially cleared, and located close to town. It is suitable for building. The property is located 45 minutes from Augusta, 1 hour from Auburn, and 1 hour from local ski resorts. It is also located minutes from Farmington, local recreation, schools, the hospital, shopping, and the Sandy River. The property is one of two new lots on Whittier Road. The property is owned by a local builder who is willing to work with buyers to build their dream home, if desired. A new soil test is available. A survey is currently being performed and the listing will be updated as soon as it becomes available.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Farmington
    County
    Franklin
    State
    Maine
    Longitude
    -70.1012
    Latitude
    44.6583

    Nearby Similar for Sale

    • $695,000
      4,140 SF

      High-Visibility Commercial Property in Farmington

      Established Route 2 location with redevelopment potential.
      170 Wilton Road, Farmington, ME 04938
      View Details
    • $399,900
      2,713 SF

      Turn-Key Party Supply Store

      Party supply store with rental unit in Farmington, Maine.
      103 Fyfe Road, Farmington, ME 04938
      View Details
    • $320,000
      1,181 SF

      Commercial Building on High-Visibility Lot

      Commercial building on a high-traffic road, suitable for various businesses.
      399 Wilton Road, Farmington, ME 04938
      View Details
    • $949,000
      4,284 SF

      Farmington Commercial Property For Sale

      Commercial property featuring office and manufacturing buildings on large lot.
      710 Wilton Road, Farmington, ME 04938
      View Details
    • $485,000
      3,698 SF

      Mixed-Use Property in Downtown Farmington

      Meticulously maintained mixed-use property with strong rental history.
      128 Middle Street, Farmington, ME 04938
      View Details
    • $485,000
      3,698 SF

      Farmington Commercial Property For Sale

      Meticulously maintained commercial property in Farmington's downtown village district.
      128 Middle Street, Farmington, ME 04938
      View Details
    • $349,000
      1,008 SF

      Turnkey Restaurant Opportunity in Farmington

      Fully equipped restaurant for sale in downtown Farmington, Maine.
      148 Wilton Road, Farmington, ME 04938
      View Details
    • $139,900

      Maine Land with Waterfrontage

      4.7-acre parcel with 350 feet of Wilson Stream frontage.
      L10-A Livermore Falls Road, Farmington, ME 04938
      View Details
    • $237,000
      2,400 SF

      Charming Duplex by Sandy River

      Duplex on Sandy River with rental history and garage.
      133 Croswell Road, Farmington, ME 04938
      View Details
    • $198,700
      2,000 SF

      Farmington Multifamily Rehab Opportunity

      Two-unit property in Farmington, Maine, requiring complete rehabilitation.
      119 Town Farm Road, Farmington, ME 04938
      View Details
    • $325,000

      Farmington Land with Subdivision Approval

      Approved 5-lot subdivision near downtown Farmington with mountain views.
      R11-033 Bailey Hill Road, Farmington, ME 04938
      View Details
    • $1,300,000
      4,122 SF

      Turn-Key Farmington Diner Opportunity

      Fully operational restaurant for sale with real estate and business.
      367 Wilton Rd, Farmington, ME
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Flat, level lot near town, perfect for building a home.
    Where is this residential land & home lot located?
    The property is located at Whittier Road lot 16 1 Farmington, ME.
    What is the asking price?
    The asking price for this property is $70,000.
    What are key features of this property?
    This property features: Excellent Location: Close to Farmington, Augusta, Auburn, ski resorts, schools, hospital, shopping, and the Sandy River.; Flat and Level, Partially Cleared Lot: Ideal for building.; New Soil Test Available: Provides assurance for building.
    (207) 860-6283
    We can help!
    Listing Contact
    Sarah Storer
    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

    Thank You for Inquiry
    Whittier Road lot: 16 (1), Farmington, ME 04938
    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!