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    Loop Road lot 2 Enfield, ME 04493

    View on Map
    For Sale
    $225,000

    LAND - Enfield, ME

    Lot size:
    3.85 Acres
    Added:
    Feb 18, 2026
    Days on Market:
    44
    Last Refresh:
    Apr 3 at 12:06 am

    Property Features for Loop Road lot 2

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Shoreland
    Parking features
    Driveway
    Standard status
    Active
    Lot size
    3.85 Acres

    Taxes and HOA fees

    TaxYear
    2026
    TaxAnnualAmount
    1330

    Utilities

    Sewer type
    Septic Needed
    Water source
    Well Needed
    Water front
    1

    We can help!

    Listing Contact
    Philip McPhail II

    Listing agent Philip McPhail II

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

    Listing date Feb 18, 2026

    MLS# 1652111 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

    Waterfront Land on Cold Stream Pond

    This 3.85-acre wooded parcel is located on Loop Road in Enfield, Maine, offering 200 feet of frontage on Cold Stream Pond. The surveyed lot faces west and features elevations ranging from 190 feet above sea level at the lake shore to approximately 340 feet on the east side, providing an opportunity for an elevated building location set back from the lake. Cold Stream Pond spans more than 3,600 surface acres and reaches depths of over 100 feet, making it suitable for boating, fishing, and swimming. The lake is known for its water clarity and abundance of landlocked salmon and lake trout. The property is situated about 3 miles from the nearest public highway, offering seclusion without isolation. It is located 12 miles from the nearest hospital, grocery stores, car dealers, and restaurants in the neighboring town of Lincoln. Enfield is a small rural town with a population of about 1,400, with a reasonable property tax rate just over $12 per thousand. Most of the land area is covered in forest or water, like Cold Stream Pond and the Penobscot River.
    Location Intelligence

    Current Use by Public Records

    Recreation land

    Map

    City
    Enfield
    County
    Penobscot
    State
    Maine
    Longitude
    -68.522658
    Latitude
    45.246377

    Nearby Similar for Sale

    • $350,000

      Enfield Land with Lake Frontage

      20-acre waterfront land on Cold Stream Pond in Enfield, Maine.
      P/O M29L23 Bluff Road, Enfield, ME 04493
      View Details
    • $110,000

      Land Near Cold Stream Pond

      Land for sale near Cold Stream Pond in Enfield, ME.
      Lot # Old Commonwealth, Enfield, ME 04493
      View Details

    FAQs

    What type of property is this?
    Recreation land - 3.85-acre wooded parcel with 200 feet of lake frontage.
    Where is this recreation land located?
    The property is located at Loop Road lot 2 Enfield, ME.
    What is the asking price?
    The asking price for this property is $225,000.
    What are key features of this property?
    This property features: 3.85‑acre waterfront lot with **200 feet of frontage on Cold Stream Pond**, a 3,600+ acre lake.; Ideal for boating, fishing (landlocked salmon and lake trout), and swimming.; Conveniently located: secluded and quiet, yet only 12 miles from amenities in Lincoln.
    (207) 794-6164
    We can help!
    Listing Contact
    Philip McPhail II
    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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