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    27 Elm Street Fryeburg, ME 04037

    View on Map
    For Sale
    $739,000

    Commercial For Sale - Fryeburg, ME

    Lot size:
    2.00 Acres
    Added:
    Mar 1, 2026
    Days on Market:
    34
    Last Refresh:
    Apr 4 at 1:06 am

    Property Features for 27 Elm Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    VR
    Rooms
    Basement
    Basement Y/N
    1
    Standard status
    Active
    Lot size
    2.00 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    9713

    Utilities

    Heating system
    Baseboard

    Building Details

    Year built
    1865
    Roof type
    Metal
    Architectural style
    Other

    We can help!

    Listing Contact
    Deirdre Braun

    Listing agent Deirdre Braun

    Listing office Coldwell Banker LIFESTYLES- Conway 2185 White Mountain Highway, Conway, ME

    Listing date Mar 1, 2026

    MLS# 5077868 Listing URL

    Copyright © 2026 PrimeMLS. 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 Inn in Fryeburg Village

    The Admiral Peary Inn is a historic property situated in Fryeburg Village, Maine. This offering includes the real estate, business, and furnishings, excluding personal property, which presents a turnkey opportunity in a classic New England setting. Currently operated as an owner-run bed and breakfast, the inn features multiple guest rooms and comfortable gathering spaces. Period architectural details are present throughout, including crown molding, custom built-ins, and a library. The home was formerly the residence of Arctic explorer Admiral Robert E. Peary. The property is located within walking distance of Fryeburg Village and is convenient to the White Mountains, Saco River recreation, hiking, skiing, and the Fryeburg Fair. Conway and North Conway, NH, are also located just minutes away, supporting steady year-round visitor traffic. The lot size is 2 acres. The property is zoned VR.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Admiral Peary Inn ... Bed & Breakfast

    Suggested Use

    Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Accounting Firm Skin Care Clinic Gym & Fitness Center

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

    Similar Places Nearby

    • The White Gables Inn — 660 Main St, Fryeburg, ME 04037
    • Admiral Peary Inn Bed & Breakfast — 27 Elm St, Fryeburg, ME 04037

    Location Insight

    • Map
    • Local Demand
    City
    Fryeburg
    County
    Oxford
    State
    Maine
    Longitude
    -70.9810933
    Latitude
    44.0134938

    Nearby Similar for Sale

    • $739,000
      4,699 SF

      Historic Admiral Peary Inn

      Well-established historic property in the heart of Fryeburg, Maine.
      27 Elm Street, Fryeburg, ME 04037
      View Details
    • $350,000
      4,160 SF

      Historic Fryeburg Commercial Opportunity

      4160 SF building in Fryeburg's Village/Commercial zone.
      519 Main Street, Fryeburg, ME 04037
      View Details
    • $995,000
      6,638 SF

      Versatile Commercial Property in Fryeburg

      6,400 sq. ft. building on 8.1 acres for sale.
      253 Bridgton Road, Fryeburg, ME 04037
      View Details
    • $799,000
      4,523 SF

      Fryeburg Hospitality Property For Sale

      Hospitality property available for purchase in Fryeburg, Maine.
      27 Elm Street, Fryeburg, ME 04037
      View Details

    FAQs

    What type of property is this?
    Bed & breakfast - Turnkey bed and breakfast in a classic New England setting.
    Where is this bed & breakfast located?
    The property is located at 27 Elm Street Fryeburg, ME.
    What is the asking price?
    The asking price for this property is $739,000.
    What are key features of this property?
    This property features: Turnkey bed and breakfast business opportunity including real estate, business, and furnishings.; **Historic property with period architectural details** and connection to Admiral Robert E. Peary.; Prime location in Fryeburg Village, Maine, with walking distance to amenities.
    (603) 986-8449
    We can help!
    Listing Contact
    Deirdre Braun
    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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