Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Windham Land with Pond Title is generated by Realmo AI

    68 Sky Drive, Windham, ME 04062

    View on Map
    Claim this Listing
    New
    For Sale
    $180,000

    LAND - Windham, ME

    Lot size:
    1.60 Acres
    Added:
    May 7, 2026
    Days on Market:
    3
    Last Refresh:
    May 9 at 1:06 am

    Property Features for 68 Sky Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    FR
    Parking features
    Driveway
    Standard status
    Active
    Lot size
    1.60 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    1635

    Utilities

    Sewer type
    Septic Needed
    Water source
    Well Needed

    We can help!

    Listing Contact
    Hannah Richard

    Listing agent Hannah Richard

    Listing office Locations Real Estate Group LLC 190 US Route One, Falmouth, ME

    Listing date May 7, 2026

    MLS# 1659899 Listing URL

    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

    • 1.6 acre buildable lot.
    • Pond on property.
    • Located on a quiet, private road.
    • Close proximity to Sebago Lake and Little Sebago Lake.
    • 35 minute drive to Portland.
    • Boundaries defined with visible pins.

    Overview

    This 1.6-acre parcel of land is located in Windham, Maine. The property is an open lot featuring a pond. It is situated on a quiet, private road, a few minutes from town and the Maine Turnpike. Boundary lines are defined with visible pins. The location provides access to Sebago Lake and Little Sebago Lake for boating, fishing, and swimming. Portland is a 35-minute drive away. The property is zoned FR.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Building Supply Spa & Massage Center Auto Repair Shop Hair Salon Nail Salon Kitchen & Bath Showroom Accounting Firm HVAC Service Electrical Service Furniture & Home Goods

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

    Location Insight

    • Map
    • Local Demand
    City
    Windham
    County
    Cumberland
    State
    Maine
    Longitude
    -70.412145
    Latitude
    43.843253

    Nearby Similar for Sale

    • $599,000
      2,940 SF

      Windham Multi-Unit Investment Opportunity

      Multi-unit property near Sebago Lake with income potential.
      96 Mineral Spring Road, Windham, ME 04062
      View Details
    • $3,750,000
      50,056 SF

      Historic Warehouse Along Presumpscot River

      Unique, historic, well-maintained warehouse facility with redevelopment potential.
      3-4 Mallison Falls Road, Windham, ME 04062
      View Details
    • $998,900

      Private Wooded Land Near Portland

      35 acres of private land near Windham, Maine.
      Lakeside Drive, Windham, ME 04062
      View Details
    • $1,800,000
      6,000 SF

      Windham Commercial Land For Sale

      Three lots totaling over 16 acres on Roosevelt Trail.
      30, 32, 34 Roosevelt Trail, Windham, ME 04062
      View Details
    • $275,000

      Windham Land Near Pleasant River

      2.96 acre buildable lot in the heart of Windham.
      Cook Road, Windham, ME 04062
      View Details
    • $235,000

      Windham Land Near Pleasant River

      Build your dream home on this scenic 1.84-acre lot.
      39 Cook Road, Windham, ME 04062
      View Details
    • $750,000
      2,772 SF

      Windham Commercial Building on Route 302

      Commercial building in prime location with high visibility and traffic.
      989 Roosevelt Trail, Windham, ME 04062
      View Details
    • $695,000
      4,000 SF

      Commercial Building with Office, Warehouse

      4,000 SF commercial building with office and warehouse space.
      16 Danielle Dr, Windham, ME 04062
      View Details
    • $499,999

      Windham Land with Utility Access

      Two-acre Windham land with potential utility connections.
      -A lot: 44, Windham, ME 04062
      View Details
    • $450,000
      199,940 SF

      Enterprise Development Land Opportunity

      4.59-acre parcel zoned for enterprise development.
      Lot 10 Enterprise Drive, Windham, ME 04062
      View Details
    • $2,250,000

      Approved Commercial Land in Windham

      9,018 SF commercial building site with permits in Windham.
      0 Turning Leaf Drive, Windham, ME
      View Details
    • $85,000

      Windham Buildable Lot For Sale

      1.97 acre surveyed and town approved lot in Windham, ME.
      8 Beaulieu Drive, Windham, ME 04062
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 1.6 acre parcel in Windham, Maine, ready to build.
    Where is this residential land & home lot located?
    The property is located at 68 Sky Drive Windham, ME.
    What is the asking price?
    The asking price for this property is $180,000.
    What are key features of this property?
    This property features: 1.6 acre buildable lot.; Pond on property.; Located on a quiet, private road.
    (207) 615-9139
    We can help!
    Listing Contact
    Hannah Richard
    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

    Thank You for Inquiry
    68 Sky Drive, Windham, ME 04062
    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!