Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    441 Newburgh Rd Hermon, ME 04401
    Back to Search
    Property profile & analytics

    441 Newburgh Rd, Hermon, ME 04401

    View on Map
    • Specialty properties
    • 8,500 SF
    • 69.62 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Specialty properties

    Property Details for 441 Newburgh Rd

    Year built
    2005
    Lot size
    69.62 lot acres
    Property type
    Specialty properties

    Description

    This exceptional turnkey ski resort, Hermon Mountain Ski Area, presents a unique investment opportunity. Located on 69.62 acres in Hermon, Maine (Penobscot County, zip code 04401), this established business boasts 8,500 square feet of main lodge space built in 2005, featuring a rental shop, snack bar and kitchen, open seating area, and ski school space. A partially finished second floor offers expansion potential, currently including a bedroom and bathroom. The lodge includes radiant heat, an alarm system, and ample office/crew lounge space. The property includes two lifts servicing 20 marked trails, a half-pipe, a 600-foot tubing park, and 100% snowmaking coverage thanks to a dedicated pump house on Hermon Pond. The resort benefits from a strong National Ski Patrol program and caters to both novice and expert skiers. The property also features a communications tower with potential for additional lease income, and a side access road leading to the summit, opening possibilities for future development, such as residential lots, condos, or an events venue. The existing infrastructure includes a large generator for snowmaking, and recent upgrades such as a new chairlift and pump house equipment. The asking price is $3,500,000, with a price per square foot of $411.76. The property is zoned Agr/Forest and has a 24-foot ceiling height in the main lodge. The current owners are retiring after 30 years of operation, presenting a rare chance to acquire a well-established and profitable ski resort with significant expansion potential. Extensive equipment and inventory are included in the sale. Enjoy breathtaking views of Mt. Katahdin from the summit.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Hermon
    County
    Penobscot
    State
    Maine
    Longitude
    -68.9573
    Latitude
    44.7808

    Comparable in this City

    • Value Estimation
      $10,110,000
      146,924 SF

      297 Ctr St

      CHARITABLE ORGANIZATION
      297 Ctr St, Bangor, ME 04401-3893
      View Details
    • Value Estimation by Request

      489 State St, Unit 3

      CHARITABLE ORGANIZATION
      489 State St, Bangor, ME 04401-6616
      View Details
    • Value Estimation
      $665,000
      5,444 SF

      489 State St, Unit 5

      CHARITABLE ORGANIZATION
      489 State St, Bangor, ME 04401-6616
      View Details
    • Value Estimation by Request
      13.73 Acres

      Stillwater Ave

      CHARITABLE ORGANIZATION
      Stillwater Ave, Bangor, ME 04401
      View Details
    • Value Estimation by Request
      4,731 SF

      325 Ctr St

      CHARITABLE ORGANIZATION
      325 Ctr St, Bangor, ME 04401-3855
      View Details
    • Value Estimation by Request
      3,676 SF

      53 Charles St

      CHARITABLE ORGANIZATION
      53 Charles St, Bangor, ME 04401-4675
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      28,000 SF

      Bangor Commercial Investment Opportunity

      Commercial property for sale in Bangor, Maine, near I-95.
      586 Main St, Bangor, ME 04401
      View Details
    • $254,900
      2,630 SF

      Bangor Mixed-Use Commercial Building

      High-ROI potential, versatile property. Prime Bangor location.
      44 Center Street Ave, Bangor, ME 04401
      View Details
    • $595,000
      5,568 SF

      High-Visibility Commercial Building in Bangor

      Versatile commercial building with high visibility and functional space.
      1567 Hammond St, Bangor, ME 04401
      View Details
    • Contact for pricing
      1,062 SF

      Prime Mixed-Use Opportunity on Broadway

      Meticulously updated mixed-use building with high visibility and modern infrastructure.
      546 Broadway, Bangor, ME 04401
      View Details
    • $89,500
      2,613,600 SF

      Wooded Land Parcel For Sale

      60+/- acre wooded parcel with road frontage near Bangor Airport.
      81 Fuller Rd, Hermon, ME 04401
      View Details
    • Contact for pricing
      115,000 SF

      Bangor Mall Pad Site

      0.48 acre pad site at the Bangor Mall entrance.
      663 Stillwater Ave, Bangor, ME 04401
      View Details

    Similar Nearby for Lease

    • Sponsored
      Contact for pricing

      ME, Bangor - Main Street

      Discover many ways to work your way in ME, Bangor - Main Street
      700 Main St, Bangor, ME 04401
      View Details
    • Contact for pricing
      3,927 SF

      Renovated Class A Office Space

      Class A office space for rent with planned renovations.
      700 Main St, Bangor, ME 04401
      View Details
    • Contact for pricing
      1,635 SF

      Downtown Bangor Office Suites Available

      Office suites for lease in premier downtown Bangor office building.
      1 Cumberland Pl, Bangor, ME 04401
      View Details
    • Contact for pricing
      1,397 SF

      Class A Office Space Bangor

      Multiple office suites for lease in downtown Bangor.
      80 Exchange St, Bangor, ME 04401
      View Details
    • Contact for pricing
      4,000 SF

      Downtown Bangor Office Space Available

      4,000± SF office space in historic downtown Bangor building.
      33 State St, Bangor, ME 04401
      View Details
    • Contact for pricing
      1,273 SF

      Downtown Bangor Office Space Available

      Class A office space with parking and panoramic views.
      23 Water St, Bangor, ME 04401
      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.
    441 Newburgh Rd
    Hermon, ME 04401
    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
    441 Newburgh Rd, Hermon, ME, 04401
    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!