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    Versatile Property with Workshop Title is generated by Realmo AI

    56 Buzzell Lane, Greene, ME 04236

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    Claim this Listing
    New
    For Sale
    $699,900

    COMMERCIAL - Greene, ME

    Property size:
    3,048 SF
    Lot size:
    24.50 Acres
    Price / SF:
    $229/SF
    Added:
    Jun 4, 2026
    Days on Market:
    1
    Last Refresh:
    Jun 4 at 3:06 am

    Property Features for 56 Buzzell Lane

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    Gen Dev/Rural
    Rooms
    Basement
    Basement
    Partial, Unfinished
    Standard status
    Active
    Size
    3,048 SF
    Lot size
    24.50 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    6974

    Utilities

    Sewer type
    Private Sewer
    Heating system
    Forced Air, Wood, Oil
    Water source
    Private

    Building Details

    Year built
    1972
    Flooring type
    Carpet, Wood
    Building materials
    Wood Frame, Vinyl Siding
    Roof type
    Metal

    We can help!

    Listing Contact
    Robert Whisenant

    Listing agent Robert Whisenant License #BA904574

    Listing office RE/MAX Riverside 1 Bowdoin Mill Island Suite 101, Topsham, ME

    Listing date Jun 4, 2026

    MLS# 1661714

    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

    • 24.5 private acres with a full workshop plus a large detached garage designed for equipment and vehicles
    • Detached garage includes 10‑ft and 12‑ft overhead doors and a hydraulic car lift
    • Home offers 3 bedrooms and 2.5 baths with a dedicated office and dining room
    • Two lofts provide flexible additional space for guests, hobbies, or extra living
    • Metal roof; wood frame with vinyl siding
    • Heating includes forced air and wood/oil; private water and private sewer

    Overview

    This versatile 24.5-acre property blends residential comfort with workspace and storage capabilities. A full workshop provides a functional environment for projects. The large, detached garage is equipped with 10-foot and 12-foot overhead doors and accommodates trucks, machinery, recreational vehicles, or commercial tools with ease and hydraulic car lift. The home features 3 bedrooms, 2.5 baths, an inviting dining room, a dedicated office, and two lofts that add flexible square footage. Warm wood finishes, generous natural light, and a rustic-modern feel give the interior a welcoming charm. The property is ideal for those seeking space, self-sufficiency, and a blend of home and work life in one location. The property is surrounded by open land and woods. The property is located in Greene, Maine, in Androscoggin County.
    Property Profile Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Real Estate Agency Big Box & Wholesale Store Storage Facility Electrical Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Greene
    County
    Androscoggin
    State
    Maine
    Longitude
    -70.1720566
    Latitude
    44.1706664

    Nearby Similar for Sale

    • $49,900

      Land in Greene, Maine

      Approved lot for building a home near town amenities.
      Sedgley Road, Greene, ME 04236
      View Details
    • $98,000

      Residential Land Parcel in Greene

      About 6.5 acres of residential-zoned land with access via a 60-foot right-of-way and adjacent conservation-owned property.
      L14-001 Hummingbird Hill Road, Greene, ME 04236
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - 24.5-acre property with workshop, garage, and residential comfort.
    Where is this mixed-use property located?
    The property is located at 56 Buzzell Lane Greene, ME.
    What is the asking price?
    The asking price for this property is $699,900.
    What are key features of this property?
    This property features: 24.5 private acres with a full workshop plus a large detached garage designed for equipment and vehicles; Detached garage includes 10‑ft and 12‑ft overhead doors and a hydraulic car lift; Home offers 3 bedrooms and 2.5 baths with a dedicated office and dining room
    (207) 751-7231
    We can help!
    Listing Contact
    Robert Whisenant
    Real Estate License ID: BA904574
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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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