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    Waterfront Land with Existing Improvements Title is generated by Realmo AI

    826 Somerville Road, Somerville, ME 04348

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    Claim this Listing
    For Sale
    $679,000

    LAND - Somerville, ME

    Lot size:
    25.80 Acres
    Added:
    May 26, 2026
    Days on Market:
    12
    Last Refresh:
    Jun 6 at 1:06 pm

    Property Features for 826 Somerville Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Rural/Shoreland
    Standard status
    Active
    Lot size
    25.80 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    5603

    Utilities

    Sewer type
    Private Sewer, Septic Tank
    Water source
    Well, Private
    Water front features
    Lake, Stream
    Water front
    1

    We can help!

    Listing Contact
    Michael Roddy

    Listing agent Michael Roddy

    Listing office Your Home Sold Guaranteed Realty 704 Maine Avenue, Hallowell, ME

    Listing date May 26, 2026

    MLS# 1651935 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.

    HighLights

    • 25+ acre waterfront property with 1,500 feet of combined shoreline on Long Pond and Sheepscot River.
    • Existing improvements include a main hall with updated plumbing/electrical, sprinkler system, restrooms, commercial kitchen, generator hookup, and finished basement.
    • Potential for development as a single‑family home, campground, or RV lot (subject to approvals).
    • Includes a 30' x 60' covered pavilion with utilities and a separate 20' x 30' bath/shower building.
    • Ample on‑site parking available.
    • Multiple existing structures formerly used as a seasonal camp, campground, and event facility.

    Overview

    This 25+ acre waterfront parcel offers approximately 1,500 feet of combined shoreline along Long Pond and the Sheepscot River. The property is being marketed as land with improvements and presents an opportunity for future development, including the potential for a single-family home, a campground, or RV lot, subject to local, state, and shoreland zoning approvals. The lot is improved with multiple existing structures formerly utilized as a seasonal camp and campground area and most recently as an event facility. Improvements include a main hall building with updated plumbing and electrical systems, a sprinkler system, interior restroom facilities, a commercial-style kitchen area, generator hookup, and finished basement space. Additional structures include a 30' x 60' covered pavilion with utilities and a separate 20' x 30' bath/shower building. Ample on-site parking is in place. The property has previously operated with appropriate event licensing and Fire Marshal certifications. Given the significant waterfront, acreage, and existing infrastructure, the property may lend itself to development of a beautiful private waterfront residence, seasonal retreat, family compound, or other permitted use, subject to municipal and state approvals. The property is located in Somerville, ME.
    Property Profile Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Suggested Use

    Home Appliance Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Somerville
    County
    Lincoln
    State
    Maine
    Longitude
    -69.492491
    Latitude
    44.302648

    Nearby Similar for Sale

    • $679,000
      5,160 SF

      Maine Waterfront Event Venue

      25+ acre waterfront property with event venue infrastructure.
      826 Somerville Road, Somerville, ME 04348
      View Details
    • $124,900

      Waterfront Wooded Parcel

      Waterfront wooded parcel with Turner Pond frontage and private road access for year-round recreation.
      109 Colomy Lane, Somerville, ME 04348
      View Details

    FAQs

    What type of property is this?
    Waterfront Land - 25+ acre waterfront parcel with development potential.
    Where is this waterfront land located?
    The property is located at 826 Somerville Road Somerville, ME.
    What is the asking price?
    The asking price for this property is $679,000.
    What are key features of this property?
    This property features: 25+ acre waterfront property with **1,500 feet of combined shoreline** on Long Pond and Sheepscot River.; Existing improvements include a **main hall with updated plumbing/electrical, sprinkler system, restrooms, commercial kitchen, generator hookup, and finished basement**.; Potential for development as a single‑family home, campground, or RV lot (subject to approvals).
    (207) 458-5815
    We can help!
    Listing Contact
    Michael Roddy
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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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