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    181 Main Street Stockton Springs, ME 04981

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    For Sale
    $149,900

    Residential Multi Family, Other - Stockton Springs, ME

    Lot size:
    0.06 Acres
    Added:
    Feb 21, 2026
    Days on Market:
    69
    Last Refresh:
    May 1 at 7:06 pm

    Property Features for 181 Main Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Lot size
    0.06 Acres

    Building Details

    Year built
    1871
    Architectural style
    Other

    We can help!

    Listing Contact
    Kristen Shirland

    Listing agent Kristen Shirland License #BA929189,PersonLicenseNumber

    Listing office NextHome Experience 57 Washington St., ME

    Listing date Feb 21, 2026

    MLS# 1652413 Listing URL

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

    Overview

    Historic Stockton Springs Revitalization Opportunity

    This three-story, three-unit building in Stockton Springs presents a revitalization opportunity. Formerly the town hall, with a basement that briefly served as a jail, and a general storefront, the property is rich with local history and character. The building has been fully gutted, providing a clean slate for renovation and customization. The structure remains solid, with fire damage to the second and third floors presenting a clear path for restoration and rebuild. Value-added improvements include TimberHP insulation to convey and a full, owned solar array, offering long-term efficiency and energy savings. Situated a short distance from Fort Point State Park, the beach, local restaurants, and shopping, the location adds appeal for future tenants or seasonal rentals. The 0.06-acre lot is located at 181 Main Street. This property is a prime candidate for revitalization and value creation in the heart of town, suitable for long-term rental income, mixed-use possibilities, or short-term rental options.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Restaurant Big Box & Wholesale Store Auto Repair Shop Hotel & Motel Gym & Fitness Center Food Market Storage Facility Bar & Pub Discount Store Furniture & Home Goods

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

    Location Insight

    • Map
    • Local Demand
    City
    Stockton Springs
    County
    Waldo
    State
    Maine
    Longitude
    -68.8574371
    Latitude
    44.4892953

    Nearby Similar for Sale

    • $430,000
      1,200 SF

      Stockton Springs Commercial Opportunity

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      24 Main Street, Stockton Springs, ME 04981
      View Details
    • $374,900
      8,748 SF

      Motel on Coastal Route 1

      Mid-coast motel with road frontage and multiple buildings.
      622 US-1, Stockton Springs, ME 04981
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    • $460,000

      Stockton Springs Commercial Property

      Well-positioned commercial property with high visibility and adaptability.
      24 Main Street, Stockton Springs, ME 04981
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Three-unit building with renovation potential in prime location.
    Where is this mixed-use property located?
    The property is located at 181 Main Street Stockton Springs, ME.
    What is the asking price?
    The asking price for this property is $149,900.
    What are key features of this property?
    This property features: Prime location near Fort Point State Park, beach, restaurants, and shopping, enhancing tenant and rental appeal.; Full solar array included, providing long‑term energy efficiency and cost savings.; Fully gutted interior offers a clean slate for complete customization and renovation.
    (207) 333-0107
    We can help!
    Listing Contact
    Kristen Shirland
    Real Estate License ID: BA929189,PersonLicenseNumber
    Learn More
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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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    181 Main Street, Stockton Springs, ME 04981

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