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    Live-Work Light-Filled Workshop Property Title is generated by Realmo AI

    2122 Atlantic Highway, Lincolnville, ME 04849

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    Flexible office-to-residential layout paired with heated workshop space and additional storage structures.

    Type:Retail
    Property size:
    1,500 SF
    Price / SF:
    $433/SF
    Added:
    May 30, 2026
    Days on Market:
    8
    Last Refresh:
    Jun 6 at 4:06 am

    Property Features for 2122 Atlantic Highway

    General Information

    Standard status
    Active
    Size
    1,500 SF
    Property subtype
    Retail

    We can help!

    Listing Contact
    Michelle Ridley

    Listing agent Michelle Ridley License #ME 917546

    Listing office Better Homes and Gardens Real Estate The Masiello Group

    Listing date May 30, 2026

    Source Crexi

    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 Better Homes and Gardens Real Estate The Masiello Group

    HighLights

    • Light‑filled interior configured as an architect’s office with open spaces and ample windows, offering flexibility to convert to residential or keep commercial use
    • Main level includes a small kitchen, full bath, three office spaces, and a conference room plus primary bedroom and bath
    • Upper level features two additional office spaces and a bathroom, with space that could support extra bedrooms
    • Attached 575 SF two‑car garage with a loading dock into a 1260 SF heated workshop suitable for studio space, small‑scale production, or storage
    • Separate 1248 SF three‑bay pole barn accessed via a private drive for storage or potential rental use
    • Grounds include a pond and surrounding green space, providing outdoor privacy and seasonal outdoor enjoyment

    Overview

    This light-filled property is currently configured as an architect’s office with open interior spaces and ample windows. The main level includes a small kitchen, a full bath, three office spaces, and a conference room, along with a primary bedroom and bath. The upper level provides two additional office spaces and a bathroom, with room that could support additional bedrooms if converted.

    The property also includes a 575 sq ft two-car garage with an additional loading dock that connects to a large 1260 sq ft workshop. The workshop is currently used for woodworking and offers open, heated space that can accommodate studio work, small-scale production, or storage. A separate drive serves a 1248 sq ft three-bay pole barn, which may be used for rental or additional storage. Grounds include a pond and surrounding green space.

    Set on a Midcoast route with access to local amenities and outdoor recreation near Camden, Mt. Battie, Lincolnville Beach, and the state park, this setup can suit buyers looking for a combined live/work arrangement, buyers who want rental or supplemental storage possibilities, or those interested in a renovation-driven conversion of the existing layout.
    Location Intelligence

    Current Use by Public Records

    Live-work space

    Suggested Use

    Real Estate Agency Dental Office Kitchen & Bath Showroom Bakery Bed & Breakfast Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Lincolnville
    County
    Waldo
    State
    Maine
    Longitude
    -69.0247915
    Latitude
    44.2580651

    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Live-work space - Flexible office-to-residential layout paired with heated workshop space and additional storage structures.
    Where is this live-work space located?
    The property is located at 2122 Atlantic Highway Lincolnville, ME.
    What is the asking price?
    The asking price for this property is $650,000.
    What are key features of this property?
    This property features: Light‑filled interior configured as an architect’s office with open spaces and ample windows, offering flexibility to convert to residential or keep commercial use; Main level includes a small kitchen, full bath, three office spaces, and a conference room plus primary bedroom and bath; Upper level features two additional office spaces and a bathroom, with space that could support extra bedrooms
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Michelle Ridley
    Real Estate License ID: ME 917546
    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.

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