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    333 Smithfield Rd Belgrade, ME 04917

    Sponsored
    For Sale
    $975,000

    Multi-building income property on 6 acres with lake frontage.

    Property size:
    3,878 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional investment opportunity in Belgrade, Maine, presents a unique blend of income-generating potential and recreational lifestyle. Situated on a sprawling 6.01-acre lot with 800 feet of frontage on Salmon Lake, the property comprises four existing buildings and the potential to add a fifth. The main structures include a year-round, one-bedroom, one-bathroom cottage currently occupied by a tenant

    Property Features for 333 Smithfield Rd

    General Information

    Property type
    Investment properties
    Square Feet
    3,878 SF
    Lot Size
    261,360 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Investment properties

    Suggested Use

    Realty agency Hotel & Motel Department Store Smoke and Vape Shop Bed & Breakfast Travel Agency

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Belgrade
    County
    Kennebec
    State
    Maine
    Longitude
    -69.79644
    Latitude
    44.52363

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Investment property - Multi-building income property on 6 acres with lake frontage.
    Where is this investment property located?
    The property is located at 333 Smithfield Rd Belgrade, ME.
    What is the asking price?
    The asking price for this property is $975,000.
    (207) 879-9800
    Request Owner's contact information
    333 Smithfield Rd Belgrade, ME 04917
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    Belgrade, ME 04917
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    Realmo Value Estimation

    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.

    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.

    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
    333 Smithfield Rd Belgrade, ME 04917
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