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

    L1 4 9 11 Martins Ridge Road Franklin, ME 04634

    View on Map
    For Sale
    $799,000

    Land, Other - Franklin, ME

    Lot size:
    154.00 Acres
    Added:
    Jun 27, 2025
    Days on Market:
    279
    Last Refresh:
    Apr 1 at 4:06 pm

    Property Features for L1 4 9 11 Martins Ridge Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Lot size
    154.00 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Tashia Porter

    Listing agent Tashia Porter License #BR929869,PersonLicenseNumber

    Listing office NextHome Experience 57 Washington St., ME

    Listing date Jun 27, 2025

    MLS# 1628526 Listing URL

    Copyright © 2026 NextHome, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Franklin, ME: 154 Acres Land

    This property encompasses approximately 154 acres and features scenic views. It is located near Ellsworth, Schoodic Peninsula, Bar Harbor, and Acadia National Park, with proximity to George's Pond, Fox Pond, Webb Pond, Molasses Pond, and Abrams Pond. The land includes blueberry fields, wooded areas, and recreational space. This property is suitable for a family compound, farm, investment, harvest, or hunting camp.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Farms

    Map

    City
    Franklin
    County
    Hancock
    State
    Maine
    Longitude
    -68.1750336
    Latitude
    44.6368141

    Nearby Similar for Sale

    • $149,000
      2,800 SF

      Franklin, ME Quadruplex For Sale

      Residential income property in Franklin, Maine. Quadruplex on 0.6 acres.
      2 Blackswoods Road, Franklin, ME 04634
      View Details
    • $35,000

      In-Town Building Lot

      Prime location near amenities and outdoor recreation.
      Map 15, Lot 109, Main Street, Franklin, ME 04634
      View Details
    • $899,000

      Maine Land with Development Potential

      152-acre Maine land parcel suitable for development or private estate.
      Map10Lot27 Blackswoods Road, Franklin, ME 04634
      View Details
    • $899,000

      Franklin, ME: Large Acre Parcel

      152± acre parcel near recreational areas, ideal for development.
      Map10Lot27 Blackswoods Road, Franklin, ME 04634
      View Details
    • $110,000

      Cleared Lot Near Georges Pond

      1.5-acre lot with well, septic, and concrete pad.
      296 Georges Pond Road, Franklin, ME 04634
      View Details
    • $450,000

      Expansive Maine Land with Brook

      275-acre Maine land parcel featuring blueberry fields and forest.
      Green Field, Off Georges Pond Road, Franklin, ME 04634
      View Details
    • $359,000

      Franklin, ME Land with Views

      80 acres near Acadia National Park, ideal for recreation.
      MAP13LOT11 Martins Ridge Road, Franklin, ME 04634
      View Details
    • $75,000

      Scenic Land Near Acadia Park

      4.5 acres with blueberry fields and recreational space.
      MAP13LOT4 Martins Ridge Road, Franklin, ME 04634
      View Details
    • $139,000

      Scenic Land Near Acadia Park

      14 acres with views near Acadia National Park.
      MAP13LOT1 Martins Ridge Road, Franklin, ME 04634
      View Details
    • $299,000

      Scenic Land Near Acadia Park

      55.5 acres near Acadia, ideal for recreation or investment.
      MAP13LOT9 Martins Ridge Road, Franklin, ME 04634
      View Details

    FAQs

    What type of property is this?
    Farm - 154 acres near Acadia National Park with blueberry fields.
    Where is this farm located?
    The property is located at L1 4 9 11 Martins Ridge Road Franklin, ME.
    What is the asking price?
    The asking price for this property is $799,000.
    What are key features of this property?
    This property features: 154‑acre property with scenic views; Close proximity to Acadia National Park, Bar Harbor, Schoodic Peninsula, and Ellsworth; Features expansive blueberry fields and wooded areas
    (207) 664-8834
    We can help!
    Listing Contact
    Tashia Porter
    Real Estate License ID: BR929869,PersonLicenseNumber
    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!