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    Historic Inn in Fryeburg Village Title is generated by Realmo AI

    27 Elm Street, Fryeburg, ME 04037

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    Claim this Listing
    For Sale
    $739,000

    COMMERCIAL - Fryeburg, ME

    Property size:
    4,699 SF
    Lot size:
    2.00 Acres
    Price / SF:
    $157/SF
    Added:
    Apr 2, 2026
    Days on Market:
    45
    Last Refresh:
    May 16 at 5:06 pm

    Property Features for 27 Elm Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    VR
    Rooms
    Basement
    Parking features
    Off Street
    Interior features
    Storage
    Basement
    Finished, Unfinished, Walk-Out Access
    Standard status
    Active
    Size
    4,699 SF
    Lot size
    2.00 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    9713

    Utilities

    Sewer type
    Private Sewer, Septic Tank
    Heating system
    Zoned, Propane (Heating), Baseboard, Electric (Heating)
    Water source
    Public

    Building Details

    Year built
    1865
    Flooring type
    Wood, Laminate, Carpet
    Building materials
    Wood Frame, Clapboard, Wood Siding
    Roof type
    Metal
    Additional Structures
    Storage

    We can help!

    Listing Contact
    Deirdre Braun

    Listing agent Deirdre Braun

    Listing office Coldwell Banker Lifestyles 10 Duprey Road, Conway, ME

    Listing date Apr 2, 2026

    MLS# 1652980

    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

    • Turnkey bed and breakfast business opportunity including real estate, business, and furnishings.
    • Historic property with period architectural details, crown molding, custom built‑ins, and a library.
    • Prime location in Fryeburg Village, Maine, within walking distance to amenities.
    • Convenient access to White Mountains, Saco River recreation, hiking, and skiing.
    • Formerly the residence of Arctic explorer Admiral Robert E. Peary.
    • Proximity to Conway and North Conway, NH, supporting year‑round visitor traffic.

    Overview

    The Admiral Peary Inn is a historic property situated in Fryeburg Village, Maine. This offering includes the real estate, business, and furnishings, excluding personal property, presenting a turnkey opportunity. Currently operated as a bed and breakfast, the inn features multiple guest rooms and comfortable gathering spaces. Period architectural details such as crown molding, custom built-ins, and a library are present throughout the property. The building was formerly the residence of Arctic explorer Admiral Robert E. Peary. The property is within walking distance to Fryeburg Village and convenient to the White Mountains, Saco River recreation, hiking, skiing, and the Fryeburg Fair. Conway and North Conway, NH are also nearby, supporting year-round visitor traffic. The property is zoned VR and has a property size of 4699 square feet on a 2-acre lot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Admiral Peary Inn ... Bed & Breakfast

    Suggested Use

    Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Accounting Firm Skin Care Clinic Gym & Fitness Center

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

    Similar Places Nearby

    • The White Gables Inn — 660 Main St, Fryeburg, ME 04037
    • Admiral Peary Inn Bed & Breakfast — 27 Elm St, Fryeburg, ME 04037

    Location Insight

    • Map
    • Local Demand
    City
    Fryeburg
    County
    Oxford
    State
    Maine
    Longitude
    -70.9810933
    Latitude
    44.0134938

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    FAQs

    What type of property is this?
    Bed & breakfast - Turnkey bed and breakfast in a classic New England setting.
    Where is this bed & breakfast located?
    The property is located at 27 Elm Street Fryeburg, ME.
    What is the asking price?
    The asking price for this property is $739,000.
    What are key features of this property?
    This property features: Turnkey bed and breakfast business opportunity including real estate, business, and furnishings.; **Historic property with period architectural details, crown molding, custom built‑ins, and a library.**; Prime location in Fryeburg Village, Maine, within walking distance to amenities.
    (603) 986-8449
    We can help!
    Listing Contact
    Deirdre Braun
    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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