Listing Agency: RE/MAX Shoreline Show Phone

Listed By: Derrick Buckspan · License #Derrick Buckspan

Source: Longviewcre

Added: Jul 2 Changed: Oct 28 Last Checked: Nov 1 at 1:26AM

Report an Issue

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Shoreline

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

Designed for overnight guests, the property combines approximately 5,540 square feet of living space across a main residence, a one-bedroom cottage, and a studio loft above the garage. The main house has six bedrooms and seven bathrooms, including first-floor accommodations, along with a sunroom, a large dining room, a kitchen, and a living room with a wood-burning fireplace. Heating options, water treatment systems, a whole-house generator hookup, and a septic system sized for 10 bedrooms are also in place.

The estate occupies more than 2 acres on Pleasant Lake in Casco, Maine, with approximately 420 feet of owned lake frontage and a 40-foot seasonal dock. A carriage house offers storage for recreational equipment and space for workshop or gathering use. The detached cottage provides three-season guest space, while the loft adds a separate studio area.

Key Highlights

• More than 2 acres with approximately 420 feet of owned frontage on Pleasant Lake
• 40‑foot seasonal dock
• Approximately 5,540 square feet of collective living space

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$40,262

Cap Rate

3.14%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$805,240 $805.2K

Cap Rate 7%

$575,171 $575.2K

Cap Rate 9%

$447,356 $447.4K

Is this asking price fair?

Market Conditions

NOI Build-Up for 5,540 SF

Gross rent

$99.7K $18.00/SF

− Vacancy

−$15.0K −$2.70/SF

EGI

$84.8K $15.30/SF

− OpEx

−$44.5K −$8.03/SF

NOI

$40.3K $7.27/SF

Area

Cumberland County, ME

Vacancy

15.00%

Lease Rate

$18.00 /SF/Yr

Expense Ratio

52.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$805,240

Cap Rate 7%

$575,171

Cap Rate 9%

$447,356

Alternative Uses

Best Use

Hotel Hospitality

$575.2K

$503.3K – $671.0K (±1% cap)

NOI $40,262 @ 7.0% cap · market cap 3.14%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$1.52M

$1.33M – $1.78M (±1% cap)

NOI $106,587 @ 7.0% cap · market cap 8.31%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Bed & breakfasts

Suggested Use

Top Pick Parking Lot & Garage Auto Repair Shop Grocery & Convenience Store (Bike/Boat/Book/etc) Store Pet Store Daycare Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

35

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 04015, ME

3,646

Population

2,982

Households

1.2

Avg Household Size

48

Median Age

32%

College-Educated

91%

High-School Grad

31.3 sq mi

ZIP Area

116

Density / Sq Mi

$64,229

Median Household Income

$43,870

Median Earnings

$1,214

Median Rent

$285,200

Median Home Value

Similar For Sale Nearby

See more

Vacant Mixed-Use Building

37 Roosevelt Trail, Casco, ME 04015

$995,000

7,214 SF

View details

Two-Suite Mixed-Use Building

37 Roosevelt Trail #1,2, Casco, ME 04015

$995,000

7,214 SF

View details

Village-Zoned Specialty Property

1036 Meadow Road, Casco, ME 04015

$105,000

2,448 SF

View details

Frequently Asked Questions

What type of property is this?

Bed & breakfast - Separate guest quarters and a seasonal dock complement the main residence on Pleasant Lake.

Where is this bed & breakfast located?

The property is located at 1024 Meadow Road Casco, ME.

What is the asking price?

The asking price for this property is $1,282,000.

What are key features of this property?

This property features: More than 2 acres with approximately 420 feet of owned frontage on Pleasant Lake; 40‑foot seasonal dock; Approximately 5,540 square feet of collective living space