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    Greenwood Commercial Building on Route 26 Title is generated by Realmo AI

    191 N Main Street, Greenwood, ME 04255

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    Claim this Listing
    For Sale
    $119,900

    COMMERCIAL - Greenwood, ME

    Property size:
    2,900 SF
    Lot size:
    0.40 Acres
    Price / SF:
    $41/SF
    Added:
    Apr 14, 2026
    Days on Market:
    33
    Last Refresh:
    May 16 at 1:06 pm

    Property Features for 191 N Main Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    Unk
    Rooms
    Basement
    Basement
    Partial
    Standard status
    Active
    Size
    2,900 SF
    Lot size
    0.40 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    1722

    Utilities

    Sewer type
    Septic Tank
    Heating system
    Forced Air, Oil
    Cooling system
    Heat Pump
    Water source
    Private
    Water front features
    Lake
    Water front
    1

    Building Details

    Building materials
    Wood Frame, Clapboard
    Roof type
    Metal

    We can help!

    Listing Contact
    Rachael Follette

    Listing agent Rachael Follette

    Listing office Mahoosuc Realty, Inc. 16 Parkway, Bethel, ME

    Listing date Apr 14, 2026

    MLS# 1629026

    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

    • High‑visibility commercial building on busy Route 26, directly across from Mount Abram entrance.
    • Owner financing available.
    • Prime location for year‑round traffic from skiers, hikers, and lake‑goers; close to Sunday River and several ponds/lakes.
    • Situated on 0.4 surveyed acres with private well and septic.
    • Flexibility for a range of potential uses (buyer to confirm with Town of Greenwood).
    • Building includes forced air heating and heat pump cooling.

    Overview

    This high-visibility commercial building is located on busy Route 26 in Greenwood, almost directly across from the Mount Abram entrance and a three-minute drive to the lodge. Situated on 0.4 surveyed acres, the property has its own well and septic system. The building benefits from year-round traffic from skiers, hikers, and lake-goers due to its proximity to outdoor recreational areas. It is located 15 minutes from Sunday River and surrounded by several nearby ponds and lakes, including North Pond, Round Pond, South Pond, and Twitchell Pond. The property offers flexibility for a range of potential uses. The building has a size of 2900 square feet. Owner financing is available. Buyers are encouraged to contact the Town of Greenwood directly with any questions regarding intended use or zoning. The town/state does not have a septic system design on file.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Restaurant Real Estate Agency Law Firm Auto Repair Shop Hotel & Motel Pharmacy Bed & Breakfast

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

    Location Insight

    • Map
    • Local Demand
    City
    Greenwood
    County
    Oxford
    State
    Maine
    Longitude
    -70.6981994
    Latitude
    44.3989158

    FAQs

    What type of property is this?
    Storefront property - High-visibility commercial building near Mount Abram entrance on 0.4 acres.
    Where is this storefront property located?
    The property is located at 191 N Main Street Greenwood, ME.
    What is the asking price?
    The asking price for this property is $119,900.
    What are key features of this property?
    This property features: High‑visibility commercial building on busy Route 26, directly across from Mount Abram entrance.; Owner financing available.; Prime location for year‑round traffic from skiers, hikers, and lake‑goers; close to Sunday River and several ponds/lakes.
    (207) 441-7578
    We can help!
    Listing Contact
    Rachael Follette
    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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