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

    Indian Heights lot #3-3 Whiting, ME 04691

    View on Map
    Claim this Listing
    New
    For Sale
    $74,000

    LAND - Whiting, ME

    Lot size:
    2.18 Acres
    Added:
    Apr 13, 2026
    Days on Market:
    6
    Last Refresh:
    Apr 18 at 12:06 am

    Property Features for Indian Heights lot #3-3

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    shoreland
    Parking features
    Driveway
    Standard status
    Active
    Lot size
    2.18 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    958

    Utilities

    Water front
    1

    We can help!

    Listing Contact
    Caitlin Guptill

    Listing agent Caitlin Guptill

    Listing office Better Homes & Gardens Real Estate/The Masiello Group 63 Dublin St. Suite 4, Ellsworth, ME

    Listing date Apr 13, 2026

    MLS# 1657579 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 in Whiting, Maine

    This 2.18-acre surveyed waterfront lot is located on Indian Lake. The property is suitable for activities such as swimming and general enjoyment of nature. It is located approximately 15 minutes from Machias, which provides access to necessities and amenities. The zoning is shoreland.
    Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Map

    City
    Whiting
    County
    Washington
    State
    Maine
    Longitude
    -67.270593
    Latitude
    44.756361

    Nearby Similar for Sale

    • $53,000

      Whiting, Maine Lakeview Land

      Two-acre lot near Indian Lake with potential lake views.
      Halls Mills Road lot: 19-13D, Whiting, ME 04691
      View Details
    • $112,000

      Whiting, ME 3.4-Acre Lot

      3.4-acre lot with well, septic, slab, and permit.
      Pidgeon Point Road lot: #14, Whiting, ME 04691
      View Details
    • $34,900

      Land with Lake Access

      Residential land with deeded lake access for sale.
      Lucas Lane lot: 26, Whiting, ME 04691
      View Details
    • $34,900

      Whiting, ME Land Opportunity

      Residential land with lake access for building your dream home.
      Lucas Lane lot: 25, Whiting, ME 04691
      View Details
    • $49,000

      Whiting, ME Building Lot

      3.48 acre building site with lake access.
      Lucas Lane lot: 23, Whiting, ME 04691
      View Details
    • $175,000

      Whiting, ME Land For Sale

      20-acre parcel on Machias Bay with water views.
      Map 1 Lot 9 Cutler Road, Whiting, ME 04691
      View Details
    • $34,900

      Whiting, ME Land For Sale

      2.85 acre lot with lake access in Whiting, Maine.
      Lot 25 Lucas Lane, Whiting, ME 04691
      View Details
    • $190,000

      Expansive Land with Lake Views

      60-acre parcel with lake views and lake access.
      15-2 Carson Lane, Whiting, ME 04691
      View Details
    • $49,000

      Whiting, ME Building Lot

      3.48 acre building site near Gardner Lake.
      Lot 23 Lucas Lane, Whiting, ME 04691
      View Details
    • $53,000

      Whiting, ME Lakeview Lot

      Two-acre lot near Indian Lake with potential lake views.
      Lot 19-13D Halls Mills Road, Whiting, ME 04691
      View Details
    • $120,000

      Waterfront Land with Private Cove

      16-acre waterfront land with cove on Indian Lake.
      M19 L13-C Halls Mills Road, Whiting, ME 04691
      View Details
    • $34,900

      Whiting, ME Land For Sale

      Land with lake access for sale in Whiting, Maine.
      Lot 26 Lucas Lane, Whiting, ME 04691
      View Details

    FAQs

    What type of property is this?
    Waterfront Land - 2.18-acre waterfront lot on Indian Lake, surveyed and ready.
    Where is this waterfront land located?
    The property is located at Indian Heights lot #3-3 Whiting, ME.
    What is the asking price?
    The asking price for this property is $74,000.
    What are key features of this property?
    This property features: 2.18‑acre waterfront lot on Indian Lake; Direct access to Indian Lake for swimming and lake activities; Large lot size provides privacy and space
    (207) 812-1741
    We can help!
    Listing Contact
    Caitlin Guptill
    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!