Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    42 Acres Charlotte, ME 04666

    • Land
    • 42.00 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 42 Acres

    Lot size
    42.00 lot acres
    Property type
    Land

    Description

    This exceptional 42-acre parcel in Washington County, Maine, presents a unique opportunity for outdoor enthusiasts. Located on Smith Ridge Rd in Charlotte, ME 04666 (latitude 45.0043811, longitude -67.2764669), this property boasts a convenient driveway and existing power at the roadside, simplifying the process of building your dream home or establishing a recreational retreat. The land is ideally suited for hunting and other recreational activities, offering a tranquil escape in a quiet rural setting. Enjoy the peace and quiet while still being conveniently located just six miles from saltwater and several nearby lakes. The absence of deed restrictions provides flexibility for development and use. Priced affordably at $54,900, this 42+/- acre lot represents an excellent value for those seeking a secluded Maine property with immediate access to outdoor adventures. The property is classified as Hunting/Recreational land and is ready for its next chapter. Don't miss this chance to own a piece of Maine's beautiful countryside. Contact us today to schedule a viewing.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Charlotte
    County
    Washington
    State
    Maine
    Longitude
    -67.2765
    Latitude
    45.0044

    Comparable in this City

    • Value Estimation by Request
      7.40 Acres

      74 Ayers Jct Rd

      VACANT COMMERCIAL LAND • 7.40 Acres
      74 Ayers Jct Rd, Pembroke, ME 04666-4734
      View Details
    • Value Estimation by Request
      0.22 Acres

      48 Ayers Jct Rd

      VACANT COMMERCIAL LAND • 0.22 Acres
      48 Ayers Jct Rd, Pembroke, ME 04666
      View Details
    • Value Estimation by Request
      4.00 Acres

      Pembroke, ME 04666

      VACANT COMMERCIAL LAND • 4.00 Acres
      Pembroke, ME 04666
      View Details
    • Value Estimation by Request
      1.15 Acres

      81 Old County Rd

      VACANT COMMERCIAL LAND • 1.15 Acres
      81 Old County Rd, Pembroke, ME 04666
      View Details
    • Value Estimation by Request
      1.60 Acres

      12 Little Fls Rd

      VACANT COMMERCIAL LAND • 1.60 Acres
      12 Little Fls Rd, Pembroke, ME 04666-4441
      View Details
    • Value Estimation by Request
      1.50 Acres

      886 Us Rte 1st 1

      VACANT COMMERCIAL LAND • 1.50 Acres
      886 Us Rte 1st 1, Pembroke, ME 04666
      View Details

    Similar Nearby for Sale

    • $199,000
      80.00 Acres

      Pembroke Land with Cabin Shells

      80-acre property featuring three cabin shells near the ocean.
      M10L1 Rte, Pembroke, ME 04666
      View Details
    • $100,000
      4.77 Acres

      Land with Utilities and Garage

      Residential land with utilities and garage near Pennamaquan River.
      448 Garnet Head Rd, Pembroke, ME 04666
      View Details
    • $285,000
      50.00 Acres

      Picturesque Blueberry Fields of Charlotte, Maine

      50-acre property with renovated barn, ideal for agricultural operation.
      M4 Smith Ridge Rd, Pembroke, ME 04666
      View Details
    • $135,000
      5.00 Acres

      Pembroke, Maine Wooded Land Parcel

      Wooded parcel in coastal Maine, ideal for recreation or retreat.
      434 Garnet Head Rd, Pembroke, ME 04666
      View Details
    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.
    42 Acres
    Charlotte, ME 04666
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.