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    Historic Mixed-Use Mansard Building Title is generated by Realmo AI

    3 Center Hill Road, Weld, ME 04285

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    For Sale
    $79,900

    MULTI_FAMILY - Other - Weld, ME

    Property size:
    2,730 SF
    Lot size:
    0.30 Acres
    Price / SF:
    $29/SF
    Added:
    Jun 2, 2026
    Days on Market:
    1
    Last Refresh:
    Jun 2 at 8:06 pm

    Property Features for 3 Center Hill Road

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    TOWN
    Rooms
    Basement
    Patio and Porch features
    Porch
    Interior features
    Storage
    Basement
    Full, Unfinished
    Standard status
    Active
    Size
    2,730 SF
    Lot size
    0.30 Acres

    Taxes and HOA fees

    Tax Year
    2026
    Tax Annual Amount
    1494

    Utilities

    Sewer type
    Shared Septic, Private Sewer, Septic Tank
    Heating system
    None (Heating)
    Water source
    Private, Well

    Building Details

    Year built
    1874
    Number of units
    2
    Flooring type
    Vinyl, Carpet, Wood
    Building materials
    Wood Frame, Wood Siding
    Roof type
    Shingle
    Architectural style
    Other
    Additional Structures
    Storage

    We can help!

    Listing Contact
    Kathleen Phillips LaBombard

    Listing agent Kathleen Phillips LaBombard

    Listing office Ocean Gate Realty, LLC. 158 Danforth St., Portland, ME

    Listing date Jun 2, 2026

    MLS# 1665081 Listing URL

    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

    • Historic 3‑story mansard building built in 1874 in Weld
    • First floor originally served as a general store and office for Mt. Blue State Park (when it opened in 1935)
    • Second floor includes living quarters with 2 bedrooms; kitchen and bathroom have been removed and will need replacement
    • Third floor offers 2 additional bedrooms and a bathroom
    • Recent updates include rebuilt foundation, new sills, new roof, updated electrical systems, and new windows
    • No working heat on the premises; water from private well and sewer includes septic tank/shared septic/private sewer

    Overview

    This historic antique mansard building offers a mixed-use layout with a first-floor space that was originally used as a general store, along with office use tied to the Mt. Blue State Park opening in 1935. The second floor includes living quarters with two bedrooms, though the kitchen and bathroom have been removed due to their condition. The third floor provides two additional bedrooms and a bathroom. Exterior and core systems have seen recent improvements, including a rebuilt foundation, new sills, a new roof, updated electrical systems, and new windows, but interior renovations are still needed and there is currently no working heat on the premises.

    Located on Center Hill Road in Weld, the property sits on a 0.3-acre lot. The existing configuration supports flexible restoration, whether the goal is to reestablish commercial use on the main level and rebuild residential amenities above, or to rework the plan to fit a new operating concept consistent with the structure.

    With updates already completed to the foundation, roof, electrical, and windows, this is a strong candidate for an owner-operator or investor looking for a restoration project with a built-in mixed-use footprint. The current lack of working heat and the removal of the second-floor kitchen and bathroom should be planned for in any renovation scope, while the preserved structure and recent exterior upgrades can help reduce time spent on foundational improvements.
    Property Profile Location Intelligence

    Current Use by Public Records

    Live-work space

    Suggested Use

    Auto Repair Shop Furniture & Home Goods Pet Store Pet Store & Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Weld
    County
    Franklin
    State
    Maine
    Longitude
    -70.419812
    Latitude
    44.698531

    FAQs

    What type of property is this?
    Live-work space - Antique mansard structure with retail-style first floor and apartment space above, recently updated outside but needing interior rehab and heat.
    Where is this live-work space located?
    The property is located at 3 Center Hill Road Weld, ME.
    What is the asking price?
    The asking price for this property is $79,900.
    What are key features of this property?
    This property features: Historic 3‑story mansard building built in 1874 in Weld; First floor originally served as a general store and office for Mt. Blue State Park (when it opened in 1935); Second floor includes living quarters with 2 bedrooms; kitchen and bathroom have been removed and will need replacement
    (207) 329-7542
    We can help!
    Listing Contact
    Kathleen Phillips LaBombard
    Request Owner's contact information
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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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