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    Waterfront Residential Building Lot Title is generated by Realmo AI

    M10 L30 9 & 9A Birch Lane, Canaan, ME 04924

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    New
    For Sale
    $120,000

    LAND - Canaan, ME

    Lot size:
    13.07 Acres
    Added:
    Jun 4, 2026
    Days on Market:
    1
    Last Refresh:
    Jun 4 at 4:06 pm

    Property Features for M10 L30 9 & 9A Birch Lane

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Residential
    Parking features
    Driveway
    Standard status
    Active
    Lot size
    13.07 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    644

    Utilities

    Water front features
    Stream
    Water front
    1

    We can help!

    Listing Contact
    Ernest Falcone

    Listing agent Ernest Falcone

    Listing office Keller Williams Realty 50 Sewall Street, Portland, ME

    Listing date Jun 4, 2026

    MLS# 1665415 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

    • Waterfront lot with direct frontage on Black Stream and access to Sibley Pond
    • Lot 9 has been cleared and includes a septic design for a home or getaway
    • Cleared path through the woods to the stream’s edge
    • Potential for a second building site closer to the water
    • Subdivision common waterfront area includes a launch suitable for small boats, kayaks, and canoes
    • Driveway parking included

    Overview

    This residential waterfront lot offers direct frontage on Black Stream. Lot 9 has been cleared and includes a septic design, providing a ready starting point for a primary home or getaway retreat. A cleared path through the woods leads to the stream’s edge, where you can enjoy the natural setting. The property also provides the possibility of a second building site closer to the water.

    Set in the Canaan area of Somerset County, the lot is located within a subdivision that includes access to a common waterfront area. That shared area features a launch suitable for small boats, kayaks, and canoes, supporting convenient recreation and access toward Sibley Pond.

    This is a strong fit for buyers seeking a private, nature-forward homesite with practical infrastructure planning already underway, including a septic design. The ability to consider a second building site may appeal to households looking to accommodate family or guests on the same property, subject to applicable approvals. Buyers will want to review local residential requirements and waterfront access rules before proceeding with final plans.
    Property Profile Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Suggested Use

    Auto Repair Shop Storage Facility Pet Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Canaan
    County
    Somerset
    State
    Maine
    Longitude
    -69.54066
    Latitude
    44.796658

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    FAQs

    What type of property is this?
    Waterfront Land - Residential lot with direct Black Stream frontage and cleared building area, with subdivision waterfront access for small boats and kayaks.
    Where is this waterfront land located?
    The property is located at M10 L30 9 & 9A Birch Lane Canaan, ME.
    What is the asking price?
    The asking price for this property is $120,000.
    What are key features of this property?
    This property features: Waterfront lot with direct frontage on Black Stream and access to Sibley Pond; Lot 9 has been cleared and includes a septic design for a home or getaway; Cleared path through the woods to the stream’s edge
    (207) 612-1488
    We can help!
    Listing Contact
    Ernest Falcone
    Request Owner's contact information
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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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