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    Evergreen Terrace: Maine Housing Community Title is generated by Realmo AI

    27 Silver St, Clinton, ME 04927

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    83-lot manufactured housing community in Clinton, Maine.

    Type:Mobile Home Park
    Added:
    Mar 19, 2026
    Days on Market:
    64
    Last Refresh:
    Mar 20 at 8:39 pm

    Property Features for 27 Silver St

    General Information

    Standard status
    Active
    Property subtype
    Mobile Home Park

    We can help!

    Listing Contact
    Parker Kelly

    Listing agent Parker Kelly License #GA 385444

    Listing office BWE Investment Sales

    Listing date Mar 19, 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 BWE Investment Sales

    HighLights

    • High occupancy rate (92%) in a well‑maintained, tenant‑majority owned community.
    • Located in Maine's most populous micropolitan area, offering convenient access to employment, healthcare, and retail.
    • Significant lot rent discount (over 50%) compared to average 2‑bedroom apartment rents in the area, ensuring long‑term demand.
    • Infill upside with 7 vacant lots.
    • Minimal utility exposure for the owner due to public water/sewer and direct billing to tenants for electric and gas.
    • Ancillary income stream from boat, vehicle, and equipment storage rentals.

    Overview

    Evergreen Terrace is an 83-lot manufactured housing community located in Clinton, Maine, positioned between Augusta and Waterville. The property is within the Augusta-Waterville Micropolitan Statistical Area. The community operates at 92% occupancy and includes 65 tenant-owned homes, 8 park-owned homes, and 3 rent-to-own units, with 7 vacant lots. The average in-place lot rent is $594 per month. Public water and sewer are billed back to residents, curbside trash is billed back, and electric and gas are direct billed to tenants. Road surfaces are asphalt with concrete driveways. On-site amenities include boat, vehicle, and equipment storage available for monthly rent. Clinton's proximity to Interstate 95 and state routes 11, 100, and 23, allows residents access to employment, healthcare, and retail services in Augusta and Waterville. The area's largest employers include Maine General Medical Center and Colby College. The region's median home price is approximately $281,200. Average 2-bedroom apartment rents in the area are approximately $1,300 per month.
    Location Intelligence

    Current Use by Public Records

    Evergreen Terrace MHC Campground & RV Park

    Suggested Use

    Restaurant Building Supply Spa & Massage Center Hair Salon Auto Repair Shop Nail Salon Pharmacy Auto Parts Store Department Store Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Clinton
    County
    Kennebec
    State
    Maine
    Longitude
    -69.4980185
    Latitude
    44.6385116

    Nearby Similar for Sale

    • $520,000
      1,000 SF

      Mobile Home Park For Sale

      Mobile home park with potential to increase income.
      714 Hinckley Road, Clinton, ME 04927
      View Details
    • $1,500,000

      Industrial Property off I-95

      Well-located industrial property with highway access and expansion potential.
      162 Hinckley Rd, Clinton, ME
      View Details

    FAQs

    What type of property is this?
    Mobile home & RV park - 83-lot manufactured housing community in Clinton, Maine.
    Where is this mobile home & rv park located?
    The property is located at 27 Silver St Clinton, ME.
    What is the asking price?
    The asking price for this property is $5,500,000.
    What are key features of this property?
    This property features: High occupancy rate (92%) in a well‑maintained, tenant‑majority owned community.; Located in Maine's most populous micropolitan area, offering convenient access to employment, healthcare, and retail.; Significant lot rent discount (over 50%) compared to average 2‑bedroom apartment rents in the area, ensuring long‑term demand.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Parker Kelly
    Real Estate License ID: GA 385444
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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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