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    84 Elm St Camden, ME 04843

    Sponsored
    For Sale
    $1,350,000

    COMMERCIAL - Camden, ME

    Property size:
    4,424 SF
    Lot size:
    0.40 Acres
    Days on Market:
    2
    Last Refresh:
    Feb 5 at 4:06 am

    Property Features for 84 Elm St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Transitional Busines
    Rooms
    Basement
    Parking features
    Off Street
    Interior features
    Storage
    Basement
    Partial, Full
    Size
    4,424 SF
    Lot size
    0.40 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Baseboard, Zoned, Heat Pump (Heating)
    Cooling system
    Heat Pump
    Water source
    Public

    Building Details

    Year built
    1806
    Flooring type
    Wood, Tile
    Building materials
    Wood Siding, Wood Frame
    Roof type
    Shingle
    Additional Structures
    Storage

    We can help!

    Listing Contact
    Michael Lynch

    Legacy Properties Sotheby's International Realty (207) 780-8900

    Listing agent Michael Lynch (207) 230-1003

    Listing date Feb 4, 2026

    MLS# 1651064

    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.

    Learn more

    Property Insight Report

    Overview

    Historic Camden Mixed-Use Property

    This historic property, constructed in 1806, is situated in a desirable mixed-use area of Camden. Currently operating as a successful Bed and Breakfast, the property offers a variety of options for potential buyers. The layout could be adapted back into a single-family residence, with the rear cottage serving as a mother-in-law's quarters, a home office, or two independent bedrooms, each featuring private entrances, private bathrooms, and gas fireplaces, suitable for Airbnb rentals. The two front parlors could be utilized as retail space for a boutique or gallery. The first floor includes a kitchen, dining room, office, laundry area, and a bedroom with a full bathroom, private entrance, and a historic fireplace. The second floor offers three additional bedrooms, each with its own bathroom and two with gas fireplaces. On the third floor, there are two more bedrooms, one with a gas fireplace, both with private bathrooms and entrances. A storage space on the third floor could be converted into additional living space. The main spaces in the main house are equipped with mini splits for both heating and air conditioning. The property includes paved parking and landscaped gardens, along with a paved stone patio and gravel sitting area at the rear. The property is zoned Transitional Business and has a lot size of 0.4 acres. The building size is 4424 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Elms of Camden Bed & Breakfast

    Suggested Use

    Real Estate Agency Law Firm Restaurant Dental Office Spa & Massage Center Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

    Similar Places Nearby

    Camden, Maine Cottage Rental, Captain Swift Inn, The Country Inn at Camden Rockport, Elms of Camden, Cedar Crest Inn

    Location Insight

    • Map
    • Local Demand
    City
    Camden
    County
    Knox
    State
    Maine
    Longitude
    -69.070353
    Latitude
    44.2053462

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    FAQs

    What type of property is this?
    Bed & breakfast - Versatile property in the heart of Camden with multiple potential uses.
    Where is this bed & breakfast located?
    The property is located at 84 Elm St Camden, ME.
    What is the asking price?
    The asking price for this property is $1,350,000.
    What are key features of this property?
    This property features: - Historic property built in 1806 in desirable Camden.; - Successful Bed and Breakfast (Elms of Camden) with potential for continued operation.; - Versatile property with multiple potential uses: single-family residence, retail space, Airbnb rental income.
    (207) 230-1003
    Request Owner's contact information
    84 Elm St Camden, ME 04843
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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
    84 Elm St Camden, ME 04843
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    Listing Contact
    Michael Lynch
    (207) 230-1003
    Learn more
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