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    9 Tenney Hill Road Monson, ME 4464

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    For Sale
    $549,900

    Picturesque waterfront pub and lodge with established reputation and cozy accommodations.

    Type:Commercial/Industrial
    Property size:
    2,076 SF
    Lot size:
    0.17 Acres
    Price / SF:
    $264/SF
    Added:
    Mar 12, 2026
    Days on Market:
    50
    Last Refresh:
    Apr 6 at 3:05 am

    Property Features for 9 Tenney Hill Road

    General Information

    Standard status
    Active
    Size
    2,076 SF
    Lot size
    0.17 Acres
    Property subtype
    Commercial/Industrial

    Building Details

    Year Built
    1860

    We can help!

    Listing Contact
    Cynthia Quimby

    Listing agent Cynthia Quimby

    Listing office RE/MAX Infinity

    Listing date Mar 12, 2026

    Source Exitrealty

    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 Infinity

    Overview

    Lakeshore House Waterfront Pub & Lodge

    The Lakeshore House, a waterfront pub and lodge in Monson, Maine, has been a popular destination for 18 years, known for its food and welcoming atmosphere. Situated on Lake Hebron, it has provided accommodations for Appalachian Trail hikers. The property features a dining room and a pub with lake views. The second floor includes owner's quarters and four guest rooms. A third floor offers expansion potential. Outdoor dining is available with lake views. The location provides access to ATV and snowmobile trails and is 15 minutes south of Moosehead Lake. This turn-key business includes furnishings, fixtures, docking, and equipment. The property size is 2076 square feet. It is suited for use as a bed and breakfast, hospitality property, bar, pub, restaurant, or commercial real estate.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    The Lakeshore House - Lodge ... Restaurant

    Suggested Use

    Restaurant Hotel & Motel Department Store Food Market Grocery & Convenience Store Bar & Pub Furniture & Home Goods Cafe & Coffee Shop Grocery & Convenience Store Bakery

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

    Location Insight

    • Map
    • Local Demand
    City
    Monson
    County
    Piscataquis
    State
    Maine
    Longitude
    -69.4997
    Latitude
    45.2856

    Nearby Similar for Sale

    • $329,000
      3,344 SF

      Monson Mixed-Use Waterfront Landmark

      Mixed-use property with waterfront access and residential/retail potential.
      5 Tenney Hill Road, Monson, ME 04464
      View Details
    • $549,900
      2,076 SF

      Waterfront Pub & Lodge For Sale

      Charming lakeside pub and lodge with stunning views.
      9 Tenney Hill Rd, Monson, ME 04464
      View Details

    FAQs

    What type of property is this?
    Bed & breakfast - Picturesque waterfront pub and lodge with established reputation and cozy accommodations.
    Where is this bed & breakfast located?
    The property is located at 9 Tenney Hill Road Monson, ME.
    What is the asking price?
    The asking price for this property is $549,900.
    What are key features of this property?
    This property features: Established waterfront Pub & Lodge with an 18‑year reputation for exceptional food and welcoming atmosphere.; Turn‑key business opportunity including all furnishings, fixtures, docking, and equipment.; Prime location on Lake Hebron with direct access to ATV and Snowmobile trails, and proximity to Moosehead Lake.
    (207) 924-2264
    We can help!
    Listing Contact
    Cynthia Quimby
    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.

    More about this property
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