Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    2.48 Acre Corner Lot Title is generated by Realmo AI

    9 Backmeadow Road, Waldoboro, ME 04572

    View on Map
    Claim this Listing
    New
    For Sale
    $39,900

    LAND - Waldoboro, ME

    Lot size:
    2.48 Acres
    Added:
    May 26, 2026
    Days on Market:
    7
    Last Refresh:
    Jun 1 at 4:06 am

    Property Features for 9 Backmeadow Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Rural
    Parking features
    Driveway
    Standard status
    Active
    Lot size
    2.48 Acres

    Taxes and HOA fees

    Tax Year
    2026
    Tax Annual Amount
    355

    Utilities

    Sewer type
    Septic Needed
    Water source
    Private, Well Needed

    We can help!

    Listing Contact
    Rachael Umstead

    Listing agent Rachael Umstead

    Listing office Lone Pine Real Estate Company 19 Elm Street, Union, ME

    Listing date May 26, 2026

    MLS# 1649280 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

    • Affordable 2.48± acre corner lot in an established subdivision.
    • Low annual road maintenance fees.
    • Features classic Maine stonewalls and a meandering stream.
    • Soil test available for septic system planning.
    • Suitable for modular or stick‑built home.
    • Convenient 20‑minute drive to Damariscotta or Rockland.

    Overview

    This affordable 2.48± acre corner lot is located in an established subdivision. The property features classic Maine stonewalls and a meandering stream. A soil test is available to help determine the location of a future septic system, making this an excellent opportunity for a modular or stick-built home. It is situated a 20-minute drive to Damariscotta or Rockland, offering an ideal Midcoast Maine location for year-round living or investment. The property is located in Waldoboro, ME.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Auto Parts Store Department Store Grocery & Convenience Store Grocery & Convenience Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Waldoboro
    County
    Lincoln
    State
    Maine
    Longitude
    -69.34964
    Latitude
    44.122197

    Nearby Similar for Sale

    • $374,900
      1,692 SF

      Mixed-Use Commercial Building in Waldoboro

      Well-maintained mixed-use commercial building with high visibility.
      1530 Atlantic Highway, Waldoboro, ME 04572
      View Details
    • $1,200,000
      6,780 SF

      Versatile Mixed-Use Building Overlooking River

      Four-story building with bakery, restaurant, venue, and penthouse.
      13 Friendship Road, Waldoboro, ME 04572
      View Details
    • $44,900

      Wooded Lot in Waldoboro, Maine

      5.28-acre wooded lot ready for your vision.
      273 Feylers Corner Road, Waldoboro, ME 04572
      View Details
    • $44,900

      Land in Quiet Maine Woods

      Two acre lot near Waldoboro with deeded access.
      Reef Road lot: C, Waldoboro, ME 04572
      View Details
    • $69,900

      Maine Woods Land For Sale

      7.5 acre lot in Waldoboro, Maine with scenic views.
      Reef Road lot: B, Waldoboro, ME 04572
      View Details
    • $64,900

      Maine Woods Land For Sale

      Scenic 6.5-acre lot near Waldoboro and Medomak River.
      Reef Road lot: A, Waldoboro, ME 04572
      View Details
    • $79,000

      Wooded Land in Waldoboro, Maine

      Five-acre wooded parcel suitable for residential or recreational use.
      P/O 205 Ralph Wink Road, Waldoboro, ME 04572
      View Details
    • $525,000

      Expansive Land Parcel in Waldoboro

      118-acre parcel with development potential in Midcoast Maine.
      501 Noyes Road, Waldoboro, ME 04572
      View Details
    • $149,900

      Waterfront Land in Waldoboro, Maine

      12.5-acre lot with 300 feet of pond frontage.
      P/O Lot 51 Washington Road, Waldoboro, ME 04572
      View Details
    • $124,900

      Maine Woods Land For Sale

      Scenic 14-acre lot in Mid-Coast Maine, near Waldoboro.
      Reef Road lot: A + B, Waldoboro, ME 04572
      View Details
    • $130,000

      Residential Land with Water Access

      Land with pond views, beach, tennis, and deepwater dock access.
      25 Deaver Road, Waldoboro, ME 04572
      View Details
    • $59,900

      Maine Land with Stream Frontage

      3.48-acre parcel in Waldoboro, Maine with stream frontage.
      636 Washington Road, Waldoboro, ME 04572
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Affordable corner lot in established subdivision, ideal for home.
    Where is this residential land & home lot located?
    The property is located at 9 Backmeadow Road Waldoboro, ME.
    What is the asking price?
    The asking price for this property is $39,900.
    What are key features of this property?
    This property features: Affordable 2.48± acre corner lot in an established subdivision.; Low annual road maintenance fees.; Features classic Maine stonewalls and a meandering stream.
    (207) 790-3960
    We can help!
    Listing Contact
    Rachael Umstead
    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
    9 Backmeadow Road, Waldoboro, ME 04572
    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!