Add Listing
    For Sale
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    Overlook Drive lot 4 Hallowell, ME 04347

    View on Map
    Claim this Listing
    New
    For Sale
    $65,000

    LAND - Hallowell, ME

    Lot size:
    0.73 Acres
    Added:
    Apr 30, 2026
    Days on Market:
    3
    Last Refresh:
    May 2 at 10:06 pm

    Property Features for Overlook Drive lot 4

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Residential 3
    Parking features
    Driveway
    Pets allowed
    No
    Standard status
    Active
    Lot size
    0.73 Acres

    Taxes and HOA fees

    Tax Year
    2026
    Tax Annual Amount
    1

    Utilities

    Sewer type
    Septic Needed
    Water source
    Well Needed

    We can help!

    Listing Contact
    Tyler Gaudet

    Listing agent Tyler Gaudet

    Listing office Sprague & Curtis Real Estate 75 Western Avenue, Augusta, ME

    Listing date Apr 30, 2026

    MLS# 1659892 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.

    Overview

    Hallowell Land with Sunset Views

    This 0.73-acre lot is located in a desirable Hallowell development. Perched at the top of the neighborhood, the property offers views and sunsets. Situated on a low-traffic street, it is positioned above downtown Hallowell. The area abuts the Howard Hill walking trails. The zoning is Residential 3.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Hallowell
    County
    Kennebec
    State
    Maine
    Longitude
    -69.802258
    Latitude
    44.298432

    Nearby Similar for Sale

    • $740,000
      3,604 SF

      Hallowell Commercial Building For Sale

      Well-maintained commercial building with solid tenants and growth potential.
      9 Union Street, Hallowell, ME 04347
      View Details
    • $1,350,000
      5,413 SF

      Hallowell Commercial Property with Riverfront

      Rare downtown Hallowell property with river views and development potential.
      232 Water Street, Hallowell, ME 04347
      View Details
    • $350,000

      Historic Church with Bulfinch Spire

      Historic 1885 granite church with stunning spire and stained-glass windows.
      133 Second Street, Hallowell, ME 04347
      View Details
    • $1,650,000

      Hallowell Office Building For Sale

      10,754± SF office building in Hallowell, Maine.
      47 Water St, Hallowell, ME
      View Details
    • $425,000
      1,260 SF

      Renovated Duplex with River Frontage

      Two-unit property with renovated first floor and river views.
      228 Water Street, Hallowell, ME 04347
      View Details
    • $1,350,000
      5,413 SF

      Hallowell Waterfront Property with Development Potential

      Rare waterfront property in downtown Hallowell with development opportunities.
      232 Water Street, Hallowell, ME 04347
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 0.73 acre lot with views near downtown Hallowell.
    Where is this residential land & home lot located?
    The property is located at Overlook Drive lot 4 Hallowell, ME.
    What is the asking price?
    The asking price for this property is $65,000.
    What are key features of this property?
    This property features: Fantastic views and sunsets from this lot's elevated position.; Located in a desirable Hallowell development.; 0.73 acre lot size.
    (207) 623-1123
    We can help!
    Listing Contact
    Tyler Gaudet
    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

    Overlook Drive lot: 4, Hallowell, ME 04347

    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!