Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Private Acreage Ready for Development Title is generated by Realmo AI

    M8 P/o 1 Drews Mill Road, Houlton, ME 04730

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    10+/- acre lot suitable for building or recreational use.

    Type:Land
    Property size:
    435,600 SF
    Lot size:
    10.00 Acres
    Price / SF:
    $0.07/SF
    Added:
    Sep 25, 2025
    Days on Market:
    250
    Last Refresh:
    Mar 13 at 3:06 pm

    Property Features for M8 P/o 1 Drews Mill Road

    General Information

    Standard status
    Active
    Size
    435,600 SF
    Lot size
    10.00 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Tianna McEwen

    Listing agent Tianna McEwen

    Listing office First Choice Real Estate

    Listing date Sep 25, 2025

    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 First Choice Real Estate

    HighLights

    • 10+/- private acres
    • Ready to build home, cabin, or set camper
    • Hunting with signs of wildlife
    • ATV and snowmobile trails access from property
    • Close to many lakes for water activities
    • Near amenities, hospital, and I‑95

    Overview

    This property features 10+/- acres of private land suitable for building a home or cabin, or for recreational use such as camping. The lot is described as easy to clear for creating a building site. The area is conducive to hunting, with signs of wildlife present. The property allows for ATV and snowmobile access to nearby trails directly from the land. Several lakes are located nearby, offering opportunities for water activities. Access to the property is via a private road, with power lines and a town-maintained road approximately 600 feet away. The location is approximately 10 miles from amenities, including a hospital and Interstate 95.
    Location Intelligence

    Current Use by Public Records

    Recreation land

    Map

    City
    Houlton
    County
    Aroostook
    State
    Maine
    Longitude
    -67.99734
    Latitude
    46.043074

    Nearby Similar for Sale

    • $275,000
      4,199 SF

      Houlton Retail/Office Building For Sale

      4199 SF retail/office building in high-traffic area.
      300 North Street, Houlton, ME 04730
      View Details
    • $600,000

      Houlton Commercial Opportunity on North Street

      High-visibility commercial lot with endless possibilities in Houlton, Maine.
      486 North Street, Houlton, ME 04730
      View Details
    • $299,000
      1,350 SF

      Prime Commercial Land on US Route 1

      3.62 acres with high traffic frontage on US Route 1.
      711 North Street, Houlton, ME 04730
      View Details
    • $265,000
      5,000 SF

      Victorian Multi-Family Investment Opportunity

      Charming 7-unit apartment building in Houlton, Maine.
      20 High Street, Houlton, ME 04730
      View Details
    • $19,500

      Maine Land Ideal Location

      Surveyed land ready for building near golf course.
      Smyrna Street lot: 23, Houlton, ME 04730
      View Details
    • $365,000
      4,199 SF

      Retail/Office Building on US Route 1

      4199 SF retail/office building in high-traffic area.
      300 North St, Houlton, ME 04730
      View Details
    • $595,000
      9,897 SF

      Retail/Office Building with Drive-Thru

      Retail or office building with drive-thru, large parking lot.
      6 North St, Houlton, ME
      View Details
    • $120,000

      Recreational Land with Cozy Cabin

      25 acres with brook, cabin, and recreational opportunities.
      709 Fire Rd, Houlton, ME 04730
      View Details

    FAQs

    What type of property is this?
    Recreation land - 10+/- acre lot suitable for building or recreational use.
    Where is this recreation land located?
    The property is located at M8 P/o 1 Drews Mill Road Houlton, ME.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: 10+/- private acres; Ready to build home, cabin, or set camper; Hunting with signs of wildlife
    (207) 538-8779
    We can help!
    Listing Contact
    Tianna McEwen
    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
    M8 P/o 1 Drews Mill Road, Houlton, ME 04730
    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!