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    Recreation Land with Road Frontage Title is generated by Realmo AI

    77 South Princeton Road, Alexander, ME 04694

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    For Sale
    $53,400

    Level, wooded acreage with paved road frontage, power at the road, and an existing gravel driveway for year-round access.

    Type:Land
    Property size:
    544,500 SF
    Lot size:
    12.50 Acres
    Price / SF:
    $0.10/SF
    Added:
    May 26, 2026
    Days on Market:
    12
    Last Refresh:
    Jun 6 at 2:43 am

    Property Features for 77 South Princeton Road

    General Information

    Standard status
    Active
    Size
    544,500 SF
    Lot size
    12.50 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Lesley Moose

    Listing agent Lesley Moose

    Listing office Better Homes & Gardens Real Estate/The Masiello Group

    Listing date May 26, 2026

    Source Compass

    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 Better Homes & Gardens Real Estate/The Masiello Group

    HighLights

    • 12.5 level, wooded acres with 406 ft of paved road frontage
    • Power available at the road and a 160‑ft gravel driveway already in place near the center of the property
    • About 5 miles to a public boat launch on Pocomoonshine Lake
    • ATV Trail 528 and the local snowmobile trail are about a half‑mile away
    • Lewey Lake, Grand Falls Flowage, Big Lake, Crawford Lake, Cathance Lake, Meddybemps Lake, Round Lake, and Boyden Lake are within a 30–45 minute drive

    Overview

    This level, wooded tract provides 12.5 acres of recreational land with paved road frontage of approximately 406 feet. Power is available at the road, and a 160-foot gravel driveway is already in place near the center of the property, creating practical access for loading, camping, or future build planning.

    Access is straightforward with the paved frontage and the existing driveway. The surrounding area supports outdoor use, with an ATV Trail referenced as being about half a mile away, and a local snowmobile trail also noted nearby. The listing also states the property is about 5 miles from a public boat launch on Pocomoonshine Lake, and multiple additional lakes are reachable within roughly a 30–45 minute drive for trailerable boat launches.

    For buyers looking for a seasonal getaway, outdoor recreation base, or a future homestead site, the combination of level terrain, existing driveway access, and power at the road can reduce early site prep. Whether your plans include fishing, ATV riding, or snowmobiling, the property’s setup is designed for convenient, year-round use without relying on waterfront ownership.
    Location Intelligence

    Current Use by Public Records

    Recreation land

    Map

    City
    Alexander
    County
    Washington
    State
    Maine
    Longitude
    -67.5058268
    Latitude
    45.092271

    Nearby Similar for Sale

    • $53,400

      Recreational Land in Alexander, Maine

      12.5 acres of wooded land near outdoor recreational trails.
      77 S Princeton Road, Alexander, ME 04694
      View Details
    • $69,900

      Lakefront Building Lot on Barrows

      Quiet, private, off-grid lake building lot on 1.3 acres.
      1.3 ac Off Barrows Lake Road, Alexander, ME 04694
      View Details

    FAQs

    What type of property is this?
    Recreation land - Level, wooded acreage with paved road frontage, power at the road, and an existing gravel driveway for year-round access.
    Where is this recreation land located?
    The property is located at 77 South Princeton Road Alexander, ME.
    What is the asking price?
    The asking price for this property is $53,400.
    What are key features of this property?
    This property features: 12.5 level, wooded acres with 406 ft of paved road frontage; Power available at the road and a 160‑ft gravel driveway already in place near the center of the property; About 5 miles to a public boat launch on Pocomoonshine Lake
    (207) 944-7991
    We can help!
    Listing Contact
    Lesley Moose
    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.

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