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    Established Motor Lodge For Sale Title is generated by Realmo AI

    2075 Portage Road, Portage Lake, ME 04768

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    For Sale
    $698,500

    COMMERCIAL - Portage Lake, ME

    Property size:
    8,010 SF
    Lot size:
    1.24 Acres
    Price / SF:
    $87/SF
    Added:
    Nov 4, 2025
    Days on Market:
    189
    Last Refresh:
    May 12 at 10:06 pm

    Property Features for 2075 Portage Road

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    Mixed Use
    Rooms
    Basement
    Interior features
    Storage
    Basement
    Full
    Standard status
    Active
    Size
    8,010 SF
    Lot size
    1.24 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    7589

    Utilities

    Sewer type
    Private Sewer
    Heating system
    Radiant, Space Heater, Forced Air
    Cooling system
    Heat Pump
    Water source
    Private

    Building Details

    Year built
    1985
    Number of units
    17
    Flooring type
    Vinyl, Laminate
    Building materials
    Vinyl Siding, Wood Frame
    Roof type
    Shingle
    Additional Structures
    Storage

    We can help!

    Listing Contact
    Jennifer Pitcairn

    Listing agent Jennifer Pitcairn

    Listing office Aroostook Real Estate 267 W Main Street, Fort Kent, ME

    Listing date Nov 4, 2025

    MLS# 1640898

    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

    • Established business (since 1947) with strong local and regional recognition, featured in DownEast Magazine.
    • Prime location on Maine's Rt. 11 Fish River Scenic Byway in Portage, a vacation lake town.
    • Direct access to snowmobile trails (85 & 90) and ATV trails.
    • Minutes from Portage Lake (2474 acres) and 3.5 million acres of shared wilderness.
    • Turnkey operation: Includes restaurant (seating for 80, private parties up to 175), and 17 lodging rooms.
    • Proven business performance: Owner‑operated with steady sales increases.

    Overview

    Dean's Motor Lodge, established in 1947 and featured in DownEast Magazine, is available for purchase. This property is situated on Maine's Rt. 11 Fish River Scenic Byway in Portage, a vacation lake town bordering the North Maine Woods. The property includes a restaurant with seating for 80, suitable for private parties of up to 175, and 17 lodging rooms. Dean's is located directly on Snowmobile trails 85 and 90, and is ATV accessible. It is also minutes away from the 2474-acre Portage Lake and 3.5 million acres of shared wilderness. The property size is 8010 square feet and the lot size is 1.24 acres. The property is an owner-operated business with steady sales increases, and all equipment is included in the sale. The zoning is mixed-use. The property is located at 2075 Portage Road, Portage Lake, ME 04768.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Dean's Motor Lodge Hotel & Motel

    Suggested Use

    Plumbing Service Hotel & Motel

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

    Similar Places Nearby

    • Dean's Motor Lodge — 2075 Portage Road, Portage, ME 04768
    • Jackson's Lakeshore Rentals — 4 Almond Dr, Portage Lake, ME 04768
    • Portage Lake Public Beach — W Rd, Portage Lake, ME 04768

    Location Insight

    • Map
    • Local Demand
    City
    Portage Lake
    County
    Aroostook
    State
    Maine
    Longitude
    -68.4766381
    Latitude
    46.7595657

    FAQs

    What type of property is this?
    Motel - Well-established motor lodge and restaurant in a scenic Maine location.
    Where is this motel located?
    The property is located at 2075 Portage Road Portage Lake, ME.
    What is the asking price?
    The asking price for this property is $698,500.
    What are key features of this property?
    This property features: Established business (since 1947) with strong local and regional recognition, featured in DownEast Magazine.; Prime location on Maine's Rt. 11 Fish River Scenic Byway in Portage, a vacation lake town.; Direct access to snowmobile trails (85 & 90) and ATV trails.
    (207) 391-9911
    We can help!
    Listing Contact
    Jennifer Pitcairn
    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.

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