Building Details

Year Built 1960

Buildings 2

Listing Agency: Realty of Maine

Listed By: Patricia Largay Show Phone

Source: Portsiderealestategroup

Added: Aug 6 Changed: Oct 11 Last Checked: Oct 15 at 12:04AM

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Investment Insights

Based on property information with market context.

This short-term rental property includes two year-round cottages with separate living spaces and distinct interior character. One cottage was rebuilt from the studs and includes a modern kitchen, first-floor bedroom, sleeping loft, heated bathroom floors, and an enclosed heated porch. The second offers refinished countertops, stainless steel appliances, and a private shiplap porch.

The property occupies a waterfront setting on Pushaw Lake and includes a 40-foot aluminum dock with a dedicated sunbathing platform. Outdoor amenities support boating, fishing, and lake-oriented stays, while the two-home layout allows for separate occupancy arrangements. The property was built in 1960 and is located at 108 Sandy Beach Road, Unit B, Glenburn, ME 04401.

Key Highlights

• Two renovated homes designed for year‑round use
• Waterfront setting on Pushaw Lake
• 40‑foot aluminum dock with dedicated sunbathing platform

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$18,147

Cap Rate

3.50%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$362,940 $362.9K

Cap Rate 7%

$259,243 $259.2K

Cap Rate 9%

$201,633 $201.6K

Market Conditions

NOI Build-Up for 2,153 SF

Gross rent

$34.9K $16.20/SF

− Vacancy

−$1.9K −$0.87/SF

EGI

$33.0K $15.33/SF

− OpEx

−$14.8K −$6.90/SF

NOI

$18.1K $8.43/SF

Area

Penobscot County, ME

Vacancy

5.40%

Lease Rate

$16.20 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$362,940

Cap Rate 7%

$259,243

Cap Rate 9%

$201,633

Alternative Uses

Best Use

Apartment 5plus

$259.2K

$226.8K – $302.5K (±1% cap)

NOI $18,147 @ 7.0% cap · market cap 3.50%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$695.4K

$608.4K – $811.3K (±1% cap)

NOI $48,675 @ 7.0% cap · market cap 9.38%

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

Property Analytics

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Current Use

Short term rental ...

Suggested Use

Top Pick Building Supply HVAC Service Plumbing Service Grocery & Convenience Store Big Box & Wholesale Store Kitchen & Bath Showroom

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

Lease Details

2

Residential units

Location Intelligence

Trade Area within ½ mile

12

Businesses Nearby

Explore this area Business Placement

Demographics for 04401, ME

44,608

Population

20,932

Households

2.1

Avg Household Size

40

Median Age

37%

College-Educated

96%

High-School Grad

100.1 sq mi

ZIP Area

446

Density / Sq Mi

$66,136

Median Household Income

$40,863

Median Earnings

$1,048

Median Rent

$229,600

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this short term rental properties located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Short term rental property - Two renovated, year-round cottages offer flexible vacation rental and residential income configurations on Pushaw Lake.

Where is this short term rental property located?

The property is located at 108 Sandy Beach Road Unit B Glenburn, ME.

What is the asking price?

The asking price for this property is $519,000.

What are key features of this property?

This property features: Two renovated homes designed for year‑round use; Waterfront setting on Pushaw Lake; 40‑foot aluminum dock with dedicated sunbathing platform