Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    70-Acre Farm with Income Potential Title is generated by Realmo AI

    321 Schoodic Lake Road, Brownville, ME 04414

    View on Map
    Claim this Listing
    New
    For Sale
    $779,000

    COMMERCIAL - Brownville, ME

    Property size:
    2,146 SF
    Lot size:
    70.00 Acres
    Price / SF:
    $363/SF
    Added:
    Jun 3, 2026
    Days on Market:
    4
    Last Refresh:
    Jun 6 at 3:06 pm

    Property Features for 321 Schoodic Lake Road

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    Rural
    Parking features
    Other, Off Street
    Standard status
    Active
    Size
    2,146 SF
    Lot size
    70.00 Acres

    Utilities

    Sewer type
    Private Sewer
    Heating system
    Propane (Heating), Radiant
    Water source
    Well, Private
    Water front features
    Lake
    Water front
    1

    Building Details

    Year built
    2014
    Flooring type
    Vinyl, Concrete
    Building materials
    Wood Frame, Vinyl Siding
    Roof type
    Metal

    We can help!

    Listing Contact
    Christopher Rowell

    Listing agent Christopher Rowell

    Listing office EXP Realty 41 Hutchins Drive Building 3, Rangeley, ME

    Listing date Jun 3, 2026

    MLS# 1659051

    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

    • 70‑acre property with lake waterfront and a 3‑bed, 3‑bath Craftsman home
    • Home features radiant floor heat and propane heating, plus metal roof; built in 2014
    • Utilities include well water (private) and private sewer; off‑street parking and 3‑bay garage
    • Working‑farm improvements: 6 pastures (2 enclosed with high‑tensile fencing), barn, greenhouse, and equipment building
    • Additional outbuildings include self‑storage building for rental income and a studio log cabin with its own septic system
    • Whole‑home generator and solar power system for year‑round efficiency

    Overview

    This 70-acre property is designed for comfortable living and agricultural use. It features a Craftsman-style home with 3 bedrooms and 3 baths, offering living spaces and quality finishes. The home includes radiant floor heat and a whole-home generator. A solar power system provides efficiency and sustainability. The property is equipped for a working farm operation, featuring six pastures, two of which are enclosed with high-tensile fencing, along with a barn, greenhouse, and equipment building. A self-storage building generates rental income, and a studio log cabin with its own septic system offers potential for guests or additional rental income. American chestnut trees are scattered across the acreage. Located 1.7 miles from the public boat launch at Schoodic Lake in Brownville, the area is known for its waters and year-round outdoor recreation, including boating, swimming, and snowmobiling. The property offers possibilities to establish a working farm, create a multi-generational retreat, or invest in income-producing opportunities. The property also contains a spacious 3-bay garage. The house size is 2146 square feet.
    Property Profile Location Intelligence

    Current Use by Public Records

    Single family properties

    Map

    City
    Brownville
    County
    Piscataquis
    State
    Maine
    Longitude
    -68.982267
    Latitude
    45.358195

    Nearby Similar for Sale

    • $34,900

      Residential Lot on Dead-End Road

      A private 2-acre lot with roadside power, well suited for a primary residence or quiet weekend retreat build.
      Jaquith Pond Road lot: 27-2.1, Brownville, ME 04414
      View Details
    • $14,000

      In-Town Buildable Lot

      Build a site-built or manufactured home with public water and sewer available and electricity at the road.
      43 Henderson Street, Brownville, ME 04414
      View Details

    FAQs

    What type of property is this?
    Farm - 70-acre farm with Craftsman home, pastures, and income potential.
    Where is this farm located?
    The property is located at 321 Schoodic Lake Road Brownville, ME.
    What is the asking price?
    The asking price for this property is $779,000.
    What are key features of this property?
    This property features: 70‑acre property with lake waterfront and a 3‑bed, 3‑bath Craftsman home; Home features radiant floor heat and propane heating, plus metal roof; built in 2014; Utilities include well water (private) and private sewer; off‑street parking and 3‑bay garage
    (207) 812-1038
    We can help!
    Listing Contact
    Christopher Rowell
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    321 Schoodic Lake Road, Brownville, ME 04414
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!