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    Commercial Property in Belgrade Lakes Title is generated by Realmo AI

    2 Rome Road, Rome, ME 04963

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    Claim this Listing
    New
    For Sale
    $227,000

    COMMERCIAL - Rome, ME

    Property size:
    1,864 SF
    Lot size:
    0.11 Acres
    Price / SF:
    $121/SF
    Added:
    May 13, 2026
    Days on Market:
    5
    Last Refresh:
    May 17 at 2:06 am

    Property Features for 2 Rome Road

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Rooms
    Basement
    Interior features
    Storage
    Basement
    Walk-Out Access, Full, Daylight
    Standard status
    Active
    Size
    1,864 SF
    Lot size
    0.11 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    1262

    Utilities

    Heating system
    Forced Air, Oil

    Building Details

    Year built
    1900
    Flooring type
    Concrete, Wood
    Building materials
    Steel Frame, Wood Frame, Clapboard, Vinyl Siding, Wood Siding
    Roof type
    Shingle, Composition, Metal
    Additional Structures
    Storage

    We can help!

    Listing Contact
    Linda Schultz

    Listing agent Linda Schultz

    Listing office Portside Real Estate Group 221 Main Street, Belgrade Lakes, ME

    Listing date May 13, 2026

    MLS# 1657871

    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‑traffic location at the intersection of Route 27 and Route 225, ideal for business exposure.
    • Recently reconstructed walk‑out basement with steel beam support (2021).
    • Large, sunny studio (32x44) with new LED lighting, windows, refinished cedar floor, and insulation.
    • 1,728 sq ft ground floor with retail space, office, workshop, and bonus room.
    • New wiring with LED lighting, new heating system, and chimney.
    • Proximity to Belgrade Lakes Village.

    Overview

    This historic commercial property is located at the intersection of Route 27 and Route 225 in Rome, Maine, offering significant traffic exposure. The property presents an opportunity for establishing a business in the Belgrade Lakes Region. Originally constructed in the mid-1900s, the structure has undergone major reconstruction. In 2021, a full walk-out basement with steel beam support was added. The ground floor provides 1,728 square feet of space, including a 10x7 office, a small workshop, a 6x8 bonus room, a 30x43 retail space, and a utility room. The main floor features two 10x12 offices, an 8.5x10 entryway, and a 32x44 studio. The studio includes new LED lighting, nine 58x32 windows, a refinished cedar floor, and new ceiling insulation. The property has new wiring with LED lighting throughout, a new heating system, and a new chimney. Situated on a 0.11-acre lot, the property is a short drive from the Belgrade Lakes Village, combining historic charm with modern integrity in a central Maine location.

    Financial Insights

    Value Estimation Calculated for Retail

    Conservative
    $200.0K
    NOI $18,000 @ 9.00% cap · cautious / downside scenario
    Moderate
    $257.1K
    NOI $18,000 @ 7.00% cap · market / base-case scenario
    Aggressive
    $360.0K
    NOI $18,000 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    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.
         Calculated for Retail

    Component $ $/SF
    Gross rent $26.8k $14.40
    − Vacancy −$1.1k −$0.60
    EGI $25.7k $13.80
    − OpEx −$7.7k −$4.14
    NOI $18.0k $9.66
    1,864 SF · lease $14.40/SF/yr · vacancy 4.20% · expense 30.00%

    Alternative Use Scenarios

    Best Use
    Retail
    $257.1K
    $225.0K – $300.0K (±1% cap)
    NOI $18,000 @ 7.0% cap · market cap 7.93%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Warehouse
    $2.78M
    $2.43M – $3.24M (±1% cap)
    NOI $194,664 @ 7.0% cap · market cap 85.76%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Building Supply Big Box & Wholesale Store Department Store Kitchen & Bath Showroom HVAC Service Discount Store Plumbing Service Parking Lot & Garage

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

    Location Insight

    • Map
    • Local Demand
    City
    Rome
    County
    Kennebec
    State
    Maine
    Longitude
    -69.90067
    Latitude
    44.575053

    FAQs

    What type of property is this?
    Storefront property - Historic commercial property with high traffic exposure in Rome, Maine.
    Where is this storefront property located?
    The property is located at 2 Rome Road Rome, ME.
    What is the asking price?
    The asking price for this property is $227,000.
    What are key features of this property?
    This property features: High‑traffic location at the intersection of Route 27 and Route 225, ideal for business exposure.; Recently reconstructed walk‑out basement with steel beam support (2021).; Large, sunny studio (32x44) with new LED lighting, windows, refinished cedar floor, and insulation.
    (207) 215-9805
    We can help!
    Listing Contact
    Linda Schultz
    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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