Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Rangeley, ME Five Acre Lot Title is generated by Realmo AI

    Wheeler Road lot 6, Rangeley, ME 04970

    View on Map
    Claim this Listing
    For Sale
    $129,000

    LAND - Rangeley, ME

    Lot size:
    5.00 Acres
    Added:
    Apr 17, 2026
    Days on Market:
    46
    Last Refresh:
    Jun 1 at 12:06 pm

    Property Features for Wheeler Road lot 6

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Residential
    Parking features
    Driveway
    Standard status
    Active
    Lot size
    5.00 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    674

    Utilities

    Sewer type
    Septic Needed
    Water source
    Well Needed

    We can help!

    Listing Contact
    James Eastlack
    James Eastlack

    Listing agent James Eastlack

    Listing office Morton & Furbish Agency 2478 Main Street, Rangeley, ME

    Listing date Apr 17, 2026

    MLS# 1652780 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

    • 5 acre lot in Grasshopper Hill Estates
    • Close to Oquossoc village
    • Western exposure with potential filtered views of Rangeley Lake
    • Private road with very little traffic
    • Abundant wildlife due to game preserve location
    • Hardwood trees on the property

    Overview

    This 5-acre lot is situated within the Grasshopper Hill Estates, a private subdivision near the village of Oquossoc in Rangeley, ME. The property benefits from western exposure and features the potential for filtered views of Rangeley Lake. The land includes hardwood trees. Located on a private road with minimal traffic, the area supports walking and wildlife observation, as it is part of a game preserve. The property is suitable for both local residents and second homeowners.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Rangeley
    County
    Franklin
    State
    Maine
    Longitude
    -70.749272
    Latitude
    44.96211

    Nearby Similar for Sale

    • $529,000
      1,664 SF

      Rangeley Commercial Building on Main

      Commercial building suitable for retail, office, or short-term rental.
      2388 Main Street, Rangeley, ME 04970
      View Details
    • $1,900,000
      3,680 SF

      Established Tap House in Rangeley

      Thriving tap house with excellent reputation in Rangeley, Maine.
      74 Carry Road, Rangeley, ME 04970
      View Details
    • $3,400,000
      3,956 SF

      Rangeley Lake Waterfront Mixed-Use Property

      Exceptional mixed-use property with commercial space and renovated residential living.
      38 Carry Road, Rangeley, ME 04970
      View Details
    • $549,000

      Rangeley Lake Waterfront Land

      Prime waterfront lot on Rangeley Lake with building permit.
      157 South Shore Drive, Rangeley Plt, ME 04970
      View Details
    • $175,000

      Rangeley Land with Lake Access

      Residential land with deeded Rangeley Lake access and utilities.
      12 Marbles Way, Rangeley, ME 04970
      View Details
    • $495,000

      Waterfront Lot in Rangeley, Maine

      Waterfront lot with frontage on Haley Pond, ready to build.
      3 Heron Way, Rangeley, ME 04970
      View Details
    • $449,000

      Rangeley Land Near Airport

      10.76-acre lot near airport, suitable for residential or commercial.
      M12/41-123 Taylor Farm Road, Rangeley, ME 04970
      View Details
    • $195,000

      Rangeley Land Near Private Beach

      0.33 acre lot near Rangeley Lake with town utilities.
      8 Marbles Way, Rangeley, ME 04970
      View Details
    • $209,000

      Rangeley Land with Lake View

      Elevated lot with sweeping views of Rangeley Lake.
      Eva D Lane lot: 6, Rangeley, ME 04970
      View Details
    • $105,000

      Rangeley Buildable Lot For Sale

      Prime 1.9-acre lot in Rangeley North subdivision.
      Johnson Lane lot: 83, Rangeley, ME 04970
      View Details
    • $209,000

      Rangeley Land with Lake Views

      Cleared lot with well, sewer hookup, and underground power.
      Eva D Lane lot: 4, Rangeley, ME 04970
      View Details
    • $169,000

      Commercially Zoned Lot in Rangeley

      Commercially zoned land in an up and coming Rangeley neighborhood.
      121 Taylor Farm Road, Rangeley, ME 04970
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Five acre residential lot with potential lake views.
    Where is this residential land & home lot located?
    The property is located at Wheeler Road lot 6 Rangeley, ME.
    What is the asking price?
    The asking price for this property is $129,000.
    What are key features of this property?
    This property features: 5 acre lot in Grasshopper Hill Estates; Close to Oquossoc village; Western exposure with potential filtered views of Rangeley Lake
    (207) 864-5777
    We can help!
    Listing Contact
    James Eastlack
    James Eastlack
    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

    Thank You for Inquiry
    Wheeler Road lot: 6, Rangeley, ME 04970
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!