Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Boothbay, Maine Vacant Land Title is generated by Realmo AI

    Pension Ridge Road lot 85, Boothbay, ME 04537

    View on Map
    Claim this Listing
    For Sale
    $139,000

    LAND - Boothbay, ME

    Lot size:
    14.28 Acres
    Added:
    May 19, 2026
    Days on Market:
    15
    Last Refresh:
    Jun 2 at 10:06 am

    Property Features for Pension Ridge Road lot 85

    General Information

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

    Taxes and HOA fees

    Tax Year
    25
    Tax Annual Amount
    946

    Utilities

    Sewer type
    Septic Needed
    Water source
    Well Needed

    We can help!

    Listing Contact
    Karen Roberts

    Listing agent Karen Roberts

    Listing office Tindal & Callahan Real Estate 32 Oak Street, Boothbay Harbor, ME

    Listing date May 19, 2026

    MLS# 1662679 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

    • Large 14‑acre vacant parcel offers privacy and development potential.
    • 847 feet of frontage on a town road provides accessibility.
    • No restrictions or covenants offer flexibility in land use.
    • Soils tested, facilitating building planning.
    • Potential building site with a beautiful entrance via an old woods road and moss‑covered ledge.
    • Subdivision potential for further development.

    Overview

    This is a rare vacant undeveloped 14.28-acre parcel with 847 feet of frontage on a town road. It offers the potential to create a private home site or a possible subdivision. The property features the remains of an old woods road that winds past a moss-covered ledge outcropping, creating an entrance to a potential building site. Located in Boothbay, Maine, the land has residential zoning. Soil testing has been completed. There are no restrictions or covenants on the property. Some wetland areas are present along the main road frontage.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Boothbay
    County
    Lincoln
    State
    Maine
    Longitude
    -69.597059
    Latitude
    43.898704

    Nearby Similar for Sale

    • $895,000
      3,722 SF

      Updated Multi-Family Income Property

      Updated multi-family property with five units in central Boothbay.
      8 Country Club Road, Boothbay, ME 04537
      View Details
    • $469,000
      1,858 SF

      Boothbay Region Mixed-Use Property

      Two-unit New Englander on 1.25 acres with mixed-use zoning.
      934 Wiscasset Road, Boothbay, ME 04537
      View Details
    • $385,000

      Ocean Point Land Opportunity

      2.7-acre lot in Ocean Point with potential water access.
      7 Flint Lane, Boothbay, ME 04544
      View Details
    • $85,000

      Boothbay Land For Sale

      2.2 acre wooded parcel in Boothbay, Maine.
      22-E Peaceful Acres Drive, Boothbay, ME 04537
      View Details
    • $330,000

      Boothbay Wooded Homesite Opportunity

      Exclusive wooded homesite in Boothbay, Maine, for custom residence.
      Midden Ridge Road lot: 4-D, Boothbay, ME 04537
      View Details
    • $310,000

      Boothbay Wooded Homesite Opportunity

      Exclusive wooded homesite in Boothbay, Maine, for custom residence.
      Midden Ridge Road lot: 2-B, Boothbay, ME 04537
      View Details
    • $49,500

      Boothbay Building Lot For Sale

      Residential land in Boothbay, close to downtown and hiking.
      62 Murphy Road, Boothbay, ME 04537
      View Details
    • $139,000
      622,036 SF

      Undeveloped 14-Acre Parcel For Sale

      Vacant 14-acre parcel for private home site or subdivision.
      Lot 85 Pension Ridge Road, Boothbay, ME 04537
      View Details
    • $995,000

      Boothbay Waterfront Land Opportunity

      8.9-acre waterfront parcel on Sawyer’s Island, Boothbay.
      44-4 Windrush Lane, Boothbay, ME 04537
      View Details
    • $225,000

      LAND - Boothbay, ME

      Midden Ridge Road lot: 3-C, Boothbay, ME 04537
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Undeveloped 14-acre parcel with road frontage in Boothbay, Maine.
    Where is this residential land & home lot located?
    The property is located at Pension Ridge Road lot 85 Boothbay, ME.
    What is the asking price?
    The asking price for this property is $139,000.
    What are key features of this property?
    This property features: Large 14‑acre vacant parcel offers privacy and development potential.; 847 feet of frontage on a town road provides accessibility.; No restrictions or covenants offer flexibility in land use.
    (207) 633-6711
    We can help!
    Listing Contact
    Karen Roberts
    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
    Pension Ridge Road lot: 85, Boothbay, ME 04537
    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!