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    5 School Street Wilton, ME 04294

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    For Sale
    $350,000

    MULTI_FAMILY - Wilton, ME

    Property size:
    2,684 SF
    Lot size:
    0.18 Acres
    Price / SF:
    $130/SF
    Added:
    Apr 8, 2026
    Days on Market:
    21
    Last Refresh:
    Apr 28 at 11:06 pm

    Property Features for 5 School Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Property condition
    Under Construction
    Zoning
    Residential
    Rooms
    Basement
    Pets allowed
    No
    Basement
    Finished, Full
    Standard status
    Active
    Size
    2,684 SF
    Lot size
    0.18 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    1566

    Utilities

    Sewer type
    Public Sewer
    Heating system
    None (Heating)
    Water source
    Public

    Building Details

    Year built
    2026
    Number of units
    3
    Building materials
    Vinyl Siding, Wood Frame
    Roof type
    Shingle

    We can help!

    Listing Contact
    Spencer Wood

    Listing agent Spencer Wood

    Listing office United Country Lifestyle Properties of Maine 113 West Broadway, Lincoln, ME

    Listing date Apr 8, 2026

    MLS# 1650354 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

    New Wilton Mixed-Use Building

    This new mixed-use building is under construction and offers flexibility for the next owner. It can be configured as three residential units, or two residential units with one commercial space, depending on the buyer's preferences. Much of the major work is already completed, including electrical, plumbing, siding, windows, and doors. The interiors are ready to be completed, allowing a buyer to finish the spaces to their own vision, control remaining costs, and tailor the layout for residential, commercial, or mixed-use purposes. Located on School Street in Wilton, near a local lake and just minutes from Farmington, the property benefits from strong rental demand, nearby amenities, and a desirable small-town setting with easy access to employment, the hospital, and the university. The property has a lot size of 0.18 acres and a building size of 2684 square feet. This new construction presents a compelling opportunity for investors, business owners, or owner-occupants.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Suggested Use

    Restaurant Law Firm Building Supply Spa & Massage Center Dental Office Auto Repair Shop Hair Salon Nail Salon Gym & Fitness Center Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Wilton
    County
    Franklin
    State
    Maine
    Longitude
    -70.3870582
    Latitude
    44.6764652

    Nearby Similar for Sale

    • $149,900
      2,772 SF

      Wilton Commercial Property For Sale

      Versatile commercial property in Wilton, Maine with ample parking.
      64 Davis Court, Wilton, ME 04294
      View Details
    • $215,000
      2,400 SF

      Versatile Commercial Space in Wilton

      2,400 sq ft commercial space in downtown Wilton, Maine.
      370 Main Street, Wilton, ME 04294
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Flexible mixed-use building in Wilton, near Farmington. Strong rental demand.
    Where is this mixed-use property located?
    The property is located at 5 School Street Wilton, ME.
    What is the asking price?
    The asking price for this property is $350,000.
    What are key features of this property?
    This property features: Flexible mixed‑use property: Configure as three residential units, two residential units with one commercial space, or other custom layouts.; New construction (Year Built: 2026) offering a rare opportunity in a desirable small‑town setting.; Significant work completed: Electrical, plumbing, siding, windows, and doors are already installed.
    (207) 794-6164
    We can help!
    Listing Contact
    Spencer Wood
    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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