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

    21-5-3 E Palmer Road Machiasport, ME 04655

    View on Map
    Claim this Listing
    For Sale
    $75,000

    LAND - Machiasport, ME

    Lot size:
    5.36 Acres
    Added:
    Sep 2, 2025
    Days on Market:
    228
    Last Refresh:
    Apr 17 at 6:06 pm

    Property Features for 21-5-3 E Palmer Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Shoreland
    Parking features
    On Street, Driveway
    Pets allowed
    No
    Standard status
    Active
    Lot size
    5.36 Acres

    Taxes and HOA fees

    Tax Year
    2023
    Tax Annual Amount
    789

    Utilities

    Water front
    1

    We can help!

    Listing Contact
    Gina Brunda

    Listing agent Gina Brunda

    Listing office Realty of Maine 458 Main Street, Bangor, ME

    Listing date Sep 2, 2025

    MLS# 1623024 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.

    Overview

    Waterfront Land on Machias River

    This 5.36-acre surveyed parcel features 945 feet of waterfront on two sides, overlooking the Machias River. The property is located just 8 minutes from town, offering a private setting with high and dry ground suitable for a dream home or RV. Mobile homes are also permitted. The land has 110 feet of road frontage on East Palmer Road, with power available at the pole on the adjacent property. An additional right of way is accessible from Rim Road. Eagles and Ospreys are frequently seen in the area. This property offers a piece of history on the Machias River, the site of the 'Battle of the Rim' or 'Battle of Machias' in August 1777, a Revolutionary War battle where local militia and Native American allies successfully defended against a British assault. The land is located in Machiasport, Maine.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Suggested Use

    Real Estate Agency Building Supply Big Box & Wholesale Store Auto Repair Shop Hotel & Motel Kitchen & Bath Showroom Food Market Plumbing Service Fish Market

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

    Location Insight

    • Map
    • Local Demand
    City
    Machiasport
    County
    Washington
    State
    Maine
    Longitude
    -67.4048429
    Latitude
    44.7109321

    Nearby Similar for Sale

    • $299,000

      Oceanfront Land with Development Potential

      4.93-acre oceanfront lot with 381 feet of saltwater frontage.
      Collins Cove Road lot: 20-5-1, Machiasport, ME 04655
      View Details
    • $249,900

      Oceanfront Land in Machiasport, Maine

      Expansive 4.3-acre oceanfront lot with 450 feet of frontage.
      Yoho Head Road lot: 17A, Machiasport, ME 04655
      View Details
    • $295,000

      Private Waterfront Land in Machiasport

      14.98-acre property with 1,885 feet of tidal frontage.
      379 Cutler Road, Machiasport, ME 04655
      View Details
    • $119,000

      Waterfront Land with Owner Financing

      Oceanfront land parcel with privacy, level terrain, and water views.
      Puffins Lane lot: 1, Machiasport, ME 04655
      View Details
    • $299,000
      214,750 SF

      Oceanfront Lot with Development Potential

      4.93-acre oceanfront lot with 381 feet of saltwater frontage.
      Lot 20-5-1 Collins Cove Road, Machiasport, ME 04655
      View Details
    • $60,000

      Machiasport Land with Utilities

      8 acres with well, pad, and electric near the ocean.
      4-28 Old Town Rd/Old County RD, Machiasport, ME 04655
      View Details

    FAQs

    What type of property is this?
    Waterfront Land - 5.36 acres with 945 feet of waterfront on two sides.
    Where is this waterfront land located?
    The property is located at 21-5-3 E Palmer Road Machiasport, ME.
    What is the asking price?
    The asking price for this property is $75,000.
    What are key features of this property?
    This property features: 945 feet of waterfront on the Machias River.; 5.36 surveyed acres offering privacy.; High and dry ground suitable for building a home or for RV/mobile home use.
    (862) 268-0565
    We can help!
    Listing Contact
    Gina Brunda
    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!