Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    414 Narragansett Trail Buxton, ME 4093

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Available developable land in Buxton, Maine.

    Type:Land
    Added:
    Nov 7, 2024
    Days on Market:
    530
    Last Refresh:
    Mar 17 at 1:13 pm

    Property Features for 414 Narragansett Trail

    General Information

    Standard status
    Active
    Property subtype
    Land

    We can help!

    Listing Contact
    Mike Anderson

    Listing agent Mike Anderson License #ME 918812

    Listing office Malone Commercial Brokers

    Listing date Nov 7, 2024

    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 Malone Commercial Brokers

    Overview

    Developable Land For Sale

    Available developable land is offered for sale. The property is located at 414 Narragansett Trail, Buxton, ME 04093.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Restaurant Building Supply Spa & Massage Center Auto Repair Shop Dental Office Gym & Fitness Center Pharmacy Kitchen & Bath Showroom Skin Care Clinic Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Buxton
    County
    York
    State
    Maine
    Longitude
    -70.5264935
    Latitude
    43.6145481

    Nearby Similar for Sale

    • $919,000
      9,392 SF

      Established Catering Business with Function Hall

      Turnkey catering business with real estate, equipment, and booked events.
      62 Chicopee Road, Buxton, ME 04093
      View Details
    • $800,000
      4,365 SF

      Versatile Colonial Saltbox Multifamily Property

      Spacious property with income potential in Buxton, Maine.
      69 Old Orchard Road, Buxton, ME 04093
      View Details
    • $680,000
      2,500 SF

      Updated Multi-Family Home on Acres

      Updated multi-family home on 6.25 acres in Buxton, Maine.
      1306 Long Plains Road, Buxton, ME 04093
      View Details
    • $350,000

      21.5 Acres in Buxton, Maine

      21.5 acre parcel suitable for residential or commercial use.
      Waterman Road, Buxton, ME 04093
      View Details
    • $1,350,000
      22,581 SF

      Versatile Commercial Property in Buxton

      Three buildings with diversified income stream in downtown Buxton.
      59-63 Main Street, Buxton, ME 04093
      View Details
    • $399,000

      Buxton Land for Commercial Development

      3.28-acre commercial land in Buxton's growing business park.
      Innovation Way lot: 6, Buxton, ME 04093
      View Details
    • $789,000

      Buxton Commercial Land For Sale

      13.8 acre commercial lot suitable for various business uses.
      Commerce Drive lot: 2, Buxton, ME 04093
      View Details
    • $209,900

      Buxton, ME 6.62-Acre Parcel

      6.62-acre parcel in Buxton, Maine, near Saco and Scarborough.
      Miso Way, Buxton, ME 04093
      View Details
    • $269,000

      Buxton Corner Lot in Business Park

      1.85 acre corner lot in Buxton's growing business park.
      Innovation Way lot: 5, Buxton, ME 04093
      View Details
    • $269,000

      Buxton Land in Business Hub

      1.9 acre corner lot in growing Buxton business park.
      Innovation Way lot: 7, Buxton, ME 04093
      View Details
    • $1,225,000
      2,688 SF

      Retail/Office Space on Route 202

      Two-story retail or office space available for rent.
      400 Narragansett Trl, Buxton, ME
      View Details
    • $595,000
      3,600 SF

      Turn Key Restaurant Opportunity

      3,600 SF commercial building on 3.1 acre lot.
      1420 Long Plains Rd, Buxton, ME
      View Details

    FAQs

    What type of property is this?
    Land - Available developable land in Buxton, Maine.
    Where is this land located?
    The property is located at 414 Narragansett Trail Buxton, ME.
    What are key features of this property?
    This property features: Developable land ready for your vision.; Land available, offering a unique opportunity.; Property details available upon request, providing comprehensive information.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Mike Anderson
    Real Estate License ID: ME 918812
    Learn More
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!