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    Two Buildings, Endless Potential Title is generated by Realmo AI

    5 Starks Road, New Sharon, ME 04955

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    Claim this Listing
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    For Sale
    $142,900

    COMMERCIAL - New Sharon, ME

    Property size:
    3,864 SF
    Lot size:
    0.30 Acres
    Price / SF:
    $36/SF
    Added:
    May 19, 2026
    Days on Market:
    1
    Last Refresh:
    May 19 at 9:06 am

    Property Features for 5 Starks Road

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    Per Town
    Rooms
    Basement
    Interior features
    Storage
    Basement
    Walk-Out Access, Finished, Daylight, Full
    Accessibility
    Accessible Approach with Ramp
    Standard status
    Active
    Size
    3,864 SF
    Lot size
    0.30 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    2290

    Utilities

    Sewer type
    Septic Tank, Private Sewer
    Heating system
    Oil, Forced Air, Heat Pump (Heating), Electric (Heating)
    Cooling system
    Heat Pump
    Water source
    Public
    Water front features
    Stream

    Building Details

    Year built
    1869
    Flooring type
    Wood, Concrete
    Building materials
    Wood Frame, Clapboard, Wood Siding
    Roof type
    Metal
    Additional Structures
    Storage

    We can help!

    Listing Contact
    Pamela Barker

    Listing agent Pamela Barker License #922975

    Listing office RE/MAX JARET & COHN 25 Park Street, Camden, ME

    Listing date May 19, 2026

    MLS# 1662751

    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

    • Two buildings offered at a single price, maximizing investment potential.
    • Recently installed septic system (October 2023) reduces immediate capital expenditures.
    • Historic building with local recognition combined with a newer structure.
    • Excellent visibility and location overlooking the Sandy River.
    • Mixed‑use development possibilities for commercial and/or residential ventures.
    • Conveniently located near larger Central Maine hubs for easy commuting.

    Overview

    This offering features two well-maintained buildings available for purchase as a single package, presenting diverse possibilities for mixed-use development. One building is a locally recognized historic structure, while the other is of more recent construction, combining charm and functionality. Situated overlooking the Sandy River, the buildings benefit from high visibility and a strategic location. The property is located in a small town, with convenient access to larger central Maine hubs. A new septic system was installed in October 2023. The property offers opportunities for renovation, maintaining current usage, or establishing a hybrid commercial/residential venture. The total property size is 3864 square feet on a lot of 0.3 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Suggested Use

    Restaurant Auto Repair Shop Hotel & Motel Auto Parts Store Accounting Firm Storage Facility Furniture & Home Goods Daycare Center Wine and Liquor Store Bed & Breakfast

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

    Location Insight

    • Map
    • Local Demand
    City
    New Sharon
    County
    Franklin
    State
    Maine
    Longitude
    -70.015202
    Latitude
    44.6388753

    FAQs

    What type of property is this?
    Mixed-use property - Two well-maintained buildings with mixed-use development potential in central Maine.
    Where is this mixed-use property located?
    The property is located at 5 Starks Road New Sharon, ME.
    What is the asking price?
    The asking price for this property is $142,900.
    What are key features of this property?
    This property features: Two buildings offered at a single price, maximizing investment potential.; Recently installed septic system (October 2023) reduces immediate capital expenditures.; Historic building with local recognition combined with a newer structure.
    (207) 491-5198
    We can help!
    Listing Contact
    Pamela Barker
    Real Estate License ID: 922975
    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.

    More about this property
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