Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Wooded Lot Near Sokokis Lake Title is generated by Realmo AI

    Limerick, ME 04048, Limerick, ME 04048

    View on Map
    Claim this Listing
    For Sale
    $149,900

    LAND - Limerick, ME

    Lot size:
    5.10 Acres
    Added:
    May 24, 2026
    Days on Market:
    10
    Last Refresh:
    Jun 2 at 3:06 am

    Property Features

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    RFF
    Parking features
    Driveway
    Standard status
    Active
    Lot size
    5.10 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    683

    Utilities

    Water source
    Well Needed
    Water front
    1

    We can help!

    Listing Contact
    Kathleen Phillips LaBombard

    Listing agent Kathleen Phillips LaBombard

    Listing office Ocean Gate Realty, LLC. 158 Danforth St., Portland, ME

    Listing date May 24, 2026

    MLS# 1663728 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

    • Wooded lot with shared 30‑foot right‑of‑way access to Sokokis Lake.
    • Located on a paved, town‑maintained road.
    • Part of a desirable, established 1981 subdivision.
    • Cannot be further divided, preserving investment.
    • Suitable for seasonal or full‑time residence.
    • Driveway access from Watson Hill Road.

    Overview

    This 5.1-acre wooded lot is located on a paved, town-maintained road in Limerick, Maine. The property is part of a 1981 subdivision and cannot be divided further. Access to the driveway is from Watson Hill Road. The property is suitable for building a seasonal getaway or a full-time residence. A shared 30-foot right-of-way provides access to nearby Sokokis Lake.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Limerick
    County
    York
    State
    Maine
    Longitude
    -70.792548
    Latitude
    43.710957

    Nearby Similar for Sale

    • $625,000
      960 SF

      Limerick Mixed-Use Lakefront Property

      Rare mixed-use property on Sokokis Lake with income potential.
      8 Emery Corner Road, Limerick, ME 04048
      View Details
    • $625,000
      2,064 SF

      Lakefront Mixed-Use Income Property

      Mixed-use property with rental units and laundromat on Sokokis Lake.
      8 Emery Corner Road, Limerick, ME 04048
      View Details
    • $60,000

      Land For Sale, Limerick, ME

      2.09 acre commercial land for sale in Limerick, Maine.
      Business Park Road lot: # 11, Limerick, ME 04048
      View Details
    • $70,000

      Limerick Business Park Land

      1.75 acre industrial/commercial land in Limerick Business Park.
      Business Park Road lot: # 8, Limerick, ME 04048
      View Details
    • $200,000

      Lake Arrowhead Homesite Opportunity

      10.75-acre wooded lot with community amenities in Limerick, Maine.
      Stony Brook Drive lot: 23, Limerick, ME 04048
      View Details
    • $229,500

      Waterfront Land on Lake Arrowhead

      Rare waterfront parcel with unobstructed views and community amenities.
      148 Beaver Brook Road, Limerick, ME 04048
      View Details
    • $299,900

      Waterfront Land on Sokokis Lake

      Buildable waterfront lot with sandy beach and private dock.
      100 N Shore Drive, Limerick, ME 04048
      View Details
    • $325,000

      Limerick, ME 17.9-Acre Land Parcel

      17.9-acre land parcel in Limerick, Maine, for sale.
      56 Burnham Road, Limerick, ME 04048
      View Details
    • $99,900

      Limerick, ME Fielded Lot

      Private 2.47 acre lot with views in Limerick, ME.
      Range E Road lot: 6J, Limerick, ME 04048
      View Details
    • $700,000

      Unspoiled 26-Acre Maine Land

      Pristine 26-acre parcel with development potential near Pendexter Brook.
      Stone Hill Road, Limerick, ME 04048
      View Details
    • $85,000

      Limerick, ME Acreage Opportunity

      1.5+ acre parcel to build your dream home.
      Prokey Drive lot: 12, Limerick, ME 04048
      View Details
    • $110,000

      Buildable Lot in Limerick, Maine

      1.45 acre buildable lot ideal for a new home.
      Sokokis Trail & Beaver Brook Road, Limerick, ME 04048
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 5.1 acre wooded lot with lake access in Limerick, Maine.
    Where is this residential land & home lot located?
    The property is located at Limerick, ME.
    What is the asking price?
    The asking price for this property is $149,900.
    What are key features of this property?
    This property features: Wooded lot with shared 30‑foot right‑of‑way access to Sokokis Lake.; Located on a paved, town‑maintained road.; Part of a desirable, established 1981 subdivision.
    (207) 329-7542
    We can help!
    Listing Contact
    Kathleen Phillips LaBombard
    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
    Limerick, ME 04048
    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!