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    Hollis, ME Wooded Acreage Title is generated by Realmo AI

    117 Route lot 00000, Hollis Center, ME 04042

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    For Sale
    $250,000

    LAND - Hollis, ME

    Lot size:
    21.00 Acres
    Added:
    Apr 11, 2026
    Days on Market:
    39
    Last Refresh:
    May 19 at 5:06 pm

    Property Features for 117 Route lot 00000

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    RR3
    Parking features
    Off Street, Driveway
    Standard status
    Active
    Lot size
    21.00 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    1299

    Utilities

    Water source
    Well Needed
    Water front features
    Stream
    Water front
    1

    We can help!

    Listing Contact
    Autumn Potter

    Listing agent Autumn Potter

    Listing office Keller Williams Realty 50 Sewall Street, Portland, ME

    Listing date Apr 11, 2026

    MLS# 1657391 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

    • 21 pristine, wooded acres in Hollis offer privacy and investment potential.
    • Located in RR3 zone, allowing for a secluded estate or future subdivision (3‑acre minimum lots).
    • Features Crockett Brook, mature trees, and abundant wildlife.
    • Convenient access to Saco River, Indian Cellar Preserve, and Southern Maine's outdoor lifestyle.
    • Short drive to Gorham, Saco, Biddeford, and 35 minutes to Portland.
    • Two sections of road frontage on Cape Rd between 483 & 489 and 509 & 519.

    Overview

    This property features 21 acres of wooded land in Hollis, Maine, offering both privacy and investment potential. Located in the RR3 zone, this parcel provides a versatile space for building a secluded estate or developing a future subdivision, with its 3-acre minimum lot requirements. The land includes Crockett Brook meandering through the property and a canopy of mature trees that ensures year-round privacy and a habitat for local wildlife. The location balances rural tranquility with access to Southern Maine's outdoor lifestyle, with the Saco River and the hiking trails of the Indian Cellar Preserve nearby. The surrounding community includes family-owned farm stands and wildlife areas. It is a short drive from Gorham, Saco, and Biddeford, with the shopping and dining of Portland about 35 minutes away. With two sections of road frontage on Cape Rd located between 483 & 489 Cape Rd and 509 & 519 Cape Rd, this land is accessible. This property is suited for builders, investors, or anyone looking to plant roots in a thriving community.
    Location Intelligence

    Current Use by Public Records

    Land

    Map

    City
    Hollis Center
    County
    York
    State
    Maine
    Longitude
    -70.622698
    Latitude
    43.621881

    Nearby Similar for Sale

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    • $90,000
      29,620 SF

      Land with Mobile Home

      Land with tear-down mobile home near ATV trails.
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    FAQs

    What type of property is this?
    Land - 21 acres of wooded land in Hollis, Maine.
    Where is this land located?
    The property is located at 117 Route lot 00000 Hollis Center, ME.
    What is the asking price?
    The asking price for this property is $250,000.
    What are key features of this property?
    This property features: 21 pristine, wooded acres in Hollis offer privacy and investment potential.; Located in RR3 zone, allowing for a secluded estate or future subdivision (3‑acre minimum lots).; Features Crockett Brook, mature trees, and abundant wildlife.
    (770) 639-5227
    We can help!
    Listing Contact
    Autumn Potter
    Learn More
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    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.

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