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

    498 Bangor Road Road Ellsworth, ME 04605

    View on Map
    Claim this Listing
    For Sale
    $695,000

    Single - Ellsworth, ME

    Type:Single Family Residence
    Lot size:
    3,504,838.00 Acres
    Added:
    Sep 6, 2025
    Days on Market:
    237
    Last Refresh:
    Apr 30 at 2:06 am

    Property Features for 498 Bangor Road Road

    General Information

    Property type
    Land
    Property subtype
    Single Family Residence
    Standard status
    Active
    Lot size
    3,504,838.00 Acres

    Taxes and HOA fees

    Tax Annual Amount
    2363

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Robert McKenney

    Listing agent Robert McKenney

    Listing office Ellsworth, Maine 193 Main Street, Keene, ME

    Listing date Sep 6, 2025

    MLS# 1636771 Listing URL

    Copyright © 2026 Better Homes and Gardens-The Masiello Group. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    80 Acres Commercial Land

    This is an exceptional opportunity to own 80 acres of commercial land with 803 feet of frontage on Bangor Road. The location offers excellent visibility and a high daily traffic count, making it an ideal site for a variety of business uses. The size and frontage provide flexibility for development, while the location ensures maximum exposure. This parcel is located in Ellsworth, Maine, and is situated on 498 Bangor Road. The lot size is approximately 80.46 acres. Possible owner financing is available.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Ellsworth
    County
    Hancock
    State
    Maine
    Longitude
    -68.3944
    Latitude
    44.6651

    Nearby Similar for Sale

    • $689,900
      3,500 SF

      New Ellsworth Duplex Investment Opportunity

      Energy-efficient, custom-built duplex near downtown Ellsworth with income potential.
      135 Surry Road, Ellsworth, ME 04605
      View Details
    • $939,000
      8,848 SF

      Versatile Commercial Property, Ellsworth, ME

      Three buildings on 8.28 acres near downtown Ellsworth.
      248 Bucksport Road, Ellsworth, ME 04605
      View Details
    • $3,200,000
      15,678 SF

      Ellsworth Office Building Investment Opportunity

      Well-maintained 17-unit office building in Ellsworth's commercial hub.
      270 High Street, Ellsworth, ME 04605
      View Details
    • $95,000

      Ellsworth Land with Urban Zoning

      Partially cleared 1.5-acre lot in urban zone.
      457 Bangor Road, Ellsworth, ME 04605
      View Details
    • $1,100,000
      5,524 SF

      Mixed-Use Investment Opportunity, Ellsworth, ME

      In-town multi-family property with commercial and storage space.
      62 Spring Street, Ellsworth, ME 04605
      View Details
    • $575,000
      10,700 SF

      Ellsworth Commercial Building For Sale

      Large commercial building with showroom, offices, and warehouse space.
      25 Douglas Highway, Ellsworth, ME 04605
      View Details
    • $950,000
      7,488 SF

      Main Street Investment Opportunity

      Historic mixed-use building in thriving downtown location with income potential.
      108 Main Street, Ellsworth, ME 04605
      View Details
    • $950,000
      7,488 SF

      Main Street Mixed-Use Investment

      Historic mixed-use building in thriving downtown location with income potential.
      108 Main Street, Ellsworth, ME 04605
      View Details
    • $295,000

      Wooded Parcel Near Branch Lake

      6-acre wooded parcel with lake access and existing infrastructure.
      80 Pickeral Cove Way, Ellsworth, ME 04605
      View Details
    • $245,000

      Waterfront Land on Graham Lake

      1.5-acre lot with 324' frontage on Graham Lake.
      Jesses Beach Way, Ellsworth, ME 04605
      View Details
    • $399,500

      Ellsworth Land with Water Access

      153-acre lot with water access and extensive road frontage.
      Bucksport Road lot: #1, Ellsworth, ME 04605
      View Details
    • $64,900

      Ellsworth Land Near Downtown

      6.42-acre residential land with development potential near downtown Ellsworth.
      Christian Ridge Road lot: 12-1, Ellsworth, ME 04605
      View Details

    FAQs

    What type of property is this?
    Land - Prime commercial land with high visibility on Bangor Road.
    Where is this land located?
    The property is located at 498 Bangor Road Road Ellsworth, ME.
    What is the asking price?
    The asking price for this property is $695,000.
    What are key features of this property?
    This property features: 80 acres of prime commercial land; Boasting 803 feet of frontage on Bangor Road; High visibility location
    (207) 667-7423
    We can help!
    Listing Contact
    Robert McKenney
    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!