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    688 Manchester Rd Belgrade, ME 04917

    For Sale
    $1,695,000

    100-unit facility, high demand area.

    Property size:
    16,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional self-storage investment opportunity encompasses a five-building complex situated on a 6.78-acre lot in Belgrade, Maine (APN: Map 4, Block A, Lot 23). The property, currently operating as a 100-unit self-storage facility, boasts a total of approximately 16,000 square feet of existing space. Buildings were constructed in phases between 2006 and 2019, all single-story structures with 10-foot ceilings. Unit sizes vary, ranging from compact 10'x5' units to larger 10'x30' units, catering to a diverse range of storage needs. The property is zoned Rural and offers significant expansion potential, with approved plans for an additional 23,100 square feet of space. This well-established business is located in the desirable Belgrade Lakes region of Central Maine, benefiting from a strong local market and high demand for self-storage solutions. The asking price for this turnkey operation is $1,695,000. All Purpose Storage Belgrade LLC currently owns the property.

    Property Features for 688 Manchester Rd

    General Information

    Property type
    Self storage facilities
    Square Feet
    16,000 SF
    Lot Size
    295,337 SF

    Building Details

    Buildings
    5
    Stories
    1
    Units
    100

    HighLights

    • Five‑building, 100‑unit self‑storage facility on a 6.78‑acre lot in Belgrade, Maine.
    • Approximately 16,000 square feet of existing space with approved plans for a 23,100 square foot expansion.
    • Unit sizes range from 10'x5' to 10'x30'.
    • Excellent location in the desirable Belgrade Lakes region of Central Maine.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    All Purpose Storage Self-Storage Facility Maple Leaf Self ... Self-Storage Facility All Purpose Storage ... Self-Storage Facility

    Suggested Use

    HVAC Service Storage Facility

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

    Location Insight

    • Map
    • Local Demand
    City
    Belgrade
    County
    Kennebec
    State
    Maine
    Longitude
    -69.855104550472
    Latitude
    44.429372620803

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    FAQs

    What type of property is this?
    Self storage facility - 100-unit facility, high demand area.
    Where is this self storage facility located?
    The property is located at 688 Manchester Rd Belgrade, ME.
    What is the asking price?
    The asking price for this property is $1,695,000.
    What are key features of this property?
    This property features: Five-building, 100-unit self-storage facility on a 6.78-acre lot in Belgrade, Maine.; Approximately 16,000 square feet of existing space with approved plans for a 23,100 square foot expansion.; Unit sizes range from 10'x5' to 10'x30'.
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    Realmo Value Estimation

    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.

    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.

    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
    688 Manchester Rd Belgrade, ME 04917
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