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    Elegant Stone Estate in Wayne Title is generated by Realmo AI

    16 Davis Point Road, Wayne, ME 04284

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    Claim this Listing
    For Sale
    $850,000

    MULTI_FAMILY - Contemporary, Ranch - Wayne, ME

    Type:Single Family Residence
    Property size:
    6,649 SF
    Lot size:
    7.51 Acres
    Price / SF:
    $127/SF
    Added:
    Apr 21, 2026
    Days on Market:
    46
    Last Refresh:
    Jun 5 at 5:06 am

    Property Features for 16 Davis Point Road

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Single Family Residence
    Zoning
    Residential
    Bathrooms
    3
    Rooms
    Basement, Bathroom 3, Bathroom 1, Bathroom 2
    Parking features
    Heated
    Patio and Porch features
    Patio
    Interior features
    Other Amenities, Walk-in Closets, In-Law Apartment, 1st Floor Bedroom, 1st Floor Primary Bedroom w/Bath, Bathtub, One-Floor Living, Pantry, Shower, Storage, Primary Bedroom w/Bath
    Exterior features
    Animal Containment System
    Fencing
    Fenced
    Basement
    Partial, Unfinished, Walk-Out Access
    Standard status
    Active
    Size
    6,649 SF
    Lot size
    7.51 Acres

    Taxes and HOA fees

    Tax Year
    2023
    Tax Annual Amount
    9591

    Utilities

    Sewer type
    Septic Tank, Private Sewer
    Heating system
    Heat Pump (Heating), Electric (Heating), Wood, Radiant, Zoned, Oil
    Cooling system
    Heat Pump
    Water source
    Private, Well
    Water front features
    Lake
    Water front
    1

    Building Details

    Year built
    1977
    Number of units
    2
    Flooring type
    Tile, Wood
    Building materials
    Stone, Wood Frame, Wood Siding, Other Exterior
    Roof type
    Shingle
    Architectural style
    Contemporary, Ranch
    Additional Structures
    Outbuilding, Storage, Other

    We can help!

    Listing Contact
    Taylor Tarbox
    Taylor Tarbox

    Listing agent Taylor Tarbox

    Listing office Better Homes & Gardens Real Estate/The Masiello Group 10 Mulliken Court, Augusta, ME

    Listing date Apr 21, 2026

    MLS# 1654414 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

    • Luxurious primary suite with twin bathrooms, dressing room, fireplace, and patio access.
    • Potential in‑law suite/guest quarters above the three‑car garage with two bedrooms, full bathroom, kitchen, and living area.
    • Meticulously designed chef's kitchen with granite countertops, high‑end appliances, and walk‑in pantry with freezer.
    • Radiant heat throughout the home, complemented by three fireplaces and four heat pumps for optimal efficiency.
    • Barn with power and water, plus diesel on‑demand generator for continuous power.
    • Multiple stone patios, grape‑wrapped pergola, and stunning gardens with fruit trees and raised beds.

    Overview

    Located in Wayne, Maine, 16 Davis Point Rd is a stone estate offering a blend of luxury and functionality. The property features a chef's kitchen with granite countertops, high-end appliances, and a walk-in pantry with its own freezer and storage. Adjacent to the kitchen is a breakfast nook leading into a formal dining room. A great room with a fireplace and an inviting library are also featured. Refinished hardwood floors add warmth throughout. Radiant heat is present throughout the home, complemented by three fireplaces and four heat pumps. The primary bedroom enjoys its own wing, complete with twin bathrooms, a dressing room with a vanity and sink, a fireplace, and patio access. Above the attached three-car garage is a potential in-law suite or private guest quarters, featuring two bedrooms, a full bathroom, a kitchen, and a living area. Ample storage is available throughout the home, including built-ins, walk-in closets, plus a cedar-lined walk-in closet. A diesel on-demand generator ensures continuous power, while a barn with power and water offers additional opportunities. Multiple stone patios and a grape-wrapped pergola provide spaces for outdoor dining and relaxation. Stunning gardens surround the home, featuring fruit trees, stone gardens, and raised beds. The property is located within walking distance to a yacht club and beach. The lot size is 7.51 acres, and the property size is 6649 square feet.

    Local Financial Insights For Apartment 5plus

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $119.7k $18.00
    − Vacancy −$1.9k −$0.29
    EGI $117.8k $17.71
    − OpEx −$53.0k −$7.97
    NOI $64.8k $9.74
    6,649 SF · lease $18.00/SF/yr · vacancy 1.60% · expense 45.00%

    Alternative Uses

    Best Use
    Apartment 5plus
    $925.3K
    $809.7K – $1.08M (±1% cap)
    NOI $64,772 @ 7.0% cap · market cap 7.62%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Warehouse
    $9.92M
    $8.68M – $11.57M (±1% cap)
    NOI $694,376 @ 7.0% cap · market cap 81.69%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Kents Hill Australian ... Pet Store

    Suggested Use

    Restaurant Big Box & Wholesale Store Department Store Food Market Discount Store Bakery Wine and Liquor Store Pet Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Wayne
    County
    Kennebec
    State
    Maine
    Longitude
    -70.068756
    Latitude
    44.342418

    FAQs

    What type of property is this?
    Single family property - Luxurious multi-family property with stunning gardens and ample storage.
    Where is this single family property located?
    The property is located at 16 Davis Point Road Wayne, ME.
    What is the asking price?
    The asking price for this property is $850,000.
    What are key features of this property?
    This property features: Luxurious primary suite with twin bathrooms, dressing room, fireplace, and patio access.; Potential in‑law suite/guest quarters above the three‑car garage with two bedrooms, full bathroom, kitchen, and living area.; Meticulously designed chef's kitchen with granite countertops, high‑end appliances, and walk‑in pantry with freezer.
    (207) 446-4896
    We can help!
    Listing Contact
    Taylor Tarbox
    Taylor Tarbox
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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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