Historic Short-Term Rental Property with
For Sale
$1,950,000
679 Roosevelt Trail, Naples, ME 04055
COMMERCIAL - Naples, ME
Property Size6,974 SF
Lot Size1.32 Acres
Price / SF$279.61
Days on Market124
Property Features for 679 Roosevelt Trail
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Rooms
Basement
Parking features
Offsite
Basement
Full
Lot features
Business District, Near Shopping, Rural
Standard status
Active
Size
6,974 SF
Lot size
1.32 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
8932
Utilities
Sewer type
Septic Tank, Private Sewer
Heating system
Propane (Heating), Space Heater, Heat Pump (Heating), Electric (Heating)
Cooling system
Heat Pump
Water source
Well, Private
Water front features
Lake
Water front
1
Building Details
Year built
1785
Flooring type
Laminate, Wood
Building materials
Wood Frame, Wood Siding
Roof type
Shingle, Metal
Listing Agency:
Pine Tree Realty of Maine
(207) 693-9111
Listed By:
Constance Eldridge
(207) 831-0890
Added: Apr 21
Changed: Aug 4
Last Checked: Aug 22 at 3:06AM
MLS# 1651961
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.
Investment Insights
Based on property information with market context.
The Naples Barn is a historic short-term rental property built in 1785 with three renovated Airbnb units. Two units are located within the Farmhouse, and the third is the Historic Cupola from the Bay of Naples Hotel, which was constructed in 1899 and associated with the hotel before its demolition in 1960. The property also includes an on-site antique shop that operates seasonally in the barn area, and an end unit that serves as a café.
The barn features wood-frame and wood-siding construction, wood and laminate flooring, and heating provided via propane, heat pump, space heaters, and electric heating. Cooling is provided by heat pump. Water is supplied by a well and private water source, and waste is handled by a septic tank/private sewer system.
Recent upgrades include new windows, a new roof, updated electrical systems, a new septic system, new decks, improved plumbing, and fresh asphalt parking. Parking is offsite, and the property is within walking distance to the Naples Causeway, with lake frontage referenced through the property’s lake waterfront features. The property is zoned Commercial.
The barn features wood-frame and wood-siding construction, wood and laminate flooring, and heating provided via propane, heat pump, space heaters, and electric heating. Cooling is provided by heat pump. Water is supplied by a well and private water source, and waste is handled by a septic tank/private sewer system.
Recent upgrades include new windows, a new roof, updated electrical systems, a new septic system, new decks, improved plumbing, and fresh asphalt parking. Parking is offsite, and the property is within walking distance to the Naples Causeway, with lake frontage referenced through the property’s lake waterfront features. The property is zoned Commercial.
Key Highlights
- 3 renovated Airbnb units: two in the Farmhouse and one Historic Cupola unit
- Historic structure built in 1785; Historic Cupola constructed in 1899
- Barn area operates seasonally as an antique shop; end unit serves as a café
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$114,657
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.88%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,293,140
$2.3M
Cap Rate 7%
$1,637,957
$1.6M
Cap Rate 9%
$1,273,967
$1.3M
Market Conditions
NOI Build-Up for 6,974 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$221.8K $31.80/SF
− Vacancy
−$13.3K −$1.91/SF
EGI
$208.5K $29.89/SF
− OpEx
−$93.8K −$13.45/SF
NOI
$114.7K $16.44/SF
Area
Cumberland County, ME
Vacancy
6.00%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,293,140
Cap Rate 7%
$1,637,957
Cap Rate 9%
$1,273,967
Alternative Uses
Best Use
Apartment 5plus
$1.64M
$1.43M – $1.91M
NOI $114,657 @ 7.0% cap · market cap 5.88%
Second Best
Retail
$1.04M
$911.7K – $1.22M
NOI $72,934 @ 7.0% cap · market cap 3.74%
Theoretical Best
Office A
$1.92M
$1.68M – $2.24M
NOI $134,177 @ 7.0% cap · market cap 6.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
137
Businesses Nearby
Explore this area
Business Placement
Demographics for 04055, ME
3,925
Population
3,455
Households
1.1
Avg Household Size
46
Median Age
34%
College-Educated
98%
High-School Grad
31.8 sq mi
ZIP Area
123
Density / Sq Mi
$68,278
Median Household Income
$40,333
Median Earnings
$1,412
Median Rent
$257,300
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Short term rental property - A historic wood-frame compound with three renovated Airbnb units and seasonal on-site retail plus café use near the Naples Causeway.
Where is this short term rental property located?
The property is located at 679 Roosevelt Trail Naples, ME.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: 3 renovated Airbnb units: two in the Farmhouse and one Historic Cupola unit; Historic structure built in 1785; Historic Cupola constructed in 1899; Barn area operates seasonally as an antique shop; end unit serves as a café
