Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Kennebunkport Land: Coastal Build Opportunity Title is generated by Realmo AI

    118 North Street, Kennebunkport, ME 04046

    View on Map
    Claim this Listing
    For Sale
    $489,000

    LAND - Kennebunkport, ME

    Lot size:
    0.26 Acres
    Added:
    May 22, 2026
    Days on Market:
    10
    Last Refresh:
    May 31 at 9:06 pm

    Property Features for 118 North Street

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    VR
    Standard status
    Active
    Lot size
    0.26 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    2934

    Utilities

    Sewer type
    Private Sewer
    Water source
    Public

    We can help!

    Listing Contact
    Jennifer Cartier

    Listing agent Jennifer Cartier

    Listing office Keller Williams Coastal and Lakes & Mountains Realty 750 Lafayette Road Suite 201, Portsmouth, ME

    Listing date May 22, 2026

    MLS# 1663634 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

    • Prime Kennebunkport location, minutes from town.
    • 2019 survey and septic design included.
    • Opportunity to build a custom coastal retreat.
    • Close proximity to golf courses, shops, and restaurants.
    • Short drive to Kennebunkport beaches with resident parking access.
    • Existing structure allows for rehabilitation or tear down.

    Overview

    This property presents a rare opportunity for building in Kennebunkport, Maine. Situated minutes from town, the 0.26-acre lot includes a 2019 survey and septic design. The existing structure requires significant rehabilitation or demolition, offering the chance to create a custom coastal retreat. The location provides proximity to golf courses, shops, restaurants, and the Maine coastline. Kennebunkport's beaches are a short drive away, with access to resident-only parking and sandy shoreline. Concept plans are available upon request. The property is zoned VR.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Building Supply Auto Repair Shop Hotel & Motel Bar & Pub Garden Center Daycare Center Bakery Bed & Breakfast Parking Lot & Garage

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

    Location Insight

    • Map
    • Local Demand
    City
    Kennebunkport
    County
    York
    State
    Maine
    Longitude
    -70.476601
    Latitude
    43.37774

    Nearby Similar for Sale

    • $1,750,000
      10,491 SF

      Unique Kennebunkport Commercial Gem

      Versatile property with event center, garage, and residential space.
      245 Arundel Road, Kennebunkport, ME 04046
      View Details
    • $3,499,000
      6,258 SF

      Kennebunkport Mixed-Use Investment Opportunity

      Prime dock square location with diverse income streams and expansion potential.
      3 Union Street, Kennebunkport, ME 04046
      View Details
    • $749,000

      Kennebunkport Commercial Land Opportunity

      1.51 acre parcel in Kennebunkport's Free Enterprise Zone.
      Venture Way, Kennebunkport, ME 04046
      View Details
    • $625,000

      Kennebunkport Land Near Goose Rocks

      1.03 acre lot in coastal community near Goose Rocks Beach.
      Prospect Reserve Way lot: 4, Kennebunkport, ME 04046
      View Details
    • $610,000

      Kennebunkport Land Near Goose Rocks

      0.62 acre lot in coastal community near Goose Rocks Beach.
      Prospect Reserve Way lot: 9, Kennebunkport, ME 04046
      View Details
    • $1,665,000

      Cape Arundel Buildable Estate Lot

      Rare 3.25-acre lot in coveted Cape Arundel enclave.
      2A Ivy Lane, Kennebunkport, ME 04046
      View Details
    • $375,000

      Kennebunkport Land For Sale

      0.98-acre parcel in Cape Porpoise, build opportunity.
      Westvale Road, Kennebunkport, ME 04046
      View Details
    • $19,300,000

      Premier Campground Resort in Maine

      Kennebunkport campground resort with 282 sites on 46.25 acres.
      277 Mills Rd., Kennebunkport, ME 04046
      View Details
    • $605,000
      965 SF

      Retail Condo in Dock Square

      Retail condo in Kennebunkport with high foot traffic.
      28-48 Dock Sq, Kennebunkport, ME
      View Details
    • $350,000
      545,806 SF

      Wooded Land with River Frontage

      12.53 acre wooded parcel with 286 feet of river frontage.
      Lot 14 River Road, Kennebunkport, ME 04046
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Prime Kennebunkport land near town, beaches, and amenities.
    Where is this residential land & home lot located?
    The property is located at 118 North Street Kennebunkport, ME.
    What is the asking price?
    The asking price for this property is $489,000.
    What are key features of this property?
    This property features: Prime Kennebunkport location, minutes from town.; 2019 survey and septic design included.; Opportunity to build a custom coastal retreat.
    (603) 610-8500
    We can help!
    Listing Contact
    Jennifer Cartier
    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
    118 North Street, Kennebunkport, ME 04046
    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!