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    149 Loring Commerce Rd Limestone, ME 04750

    • Mobile home & RV parks
    • 17.00 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Loring Woods / Mobile Home Park

    Property Details for 149 Loring Commerce Rd

    Year built
    1960
    Lot size
    17.00 lot acres
    Property type
    Mobile home & RV parks

    Description

    This exceptional redevelopment opportunity presents a 17-unit mobile home park situated on over 17 acres in Limestone, Maine. Currently licensed for 54 sites, Loring Woods MHP offers significant potential for revenue growth. The property boasts a wooded setting with trees separating lots, enhancing privacy and aesthetics. Infrastructure includes a drilled well and private septic system, both upgraded in 2008, ensuring reliable service. The park's current occupancy consists of four occupied homes, nine homes on-site requiring renovation, and four homes slated for removal. This presents a clear path for increasing the number of rentable units and maximizing profitability. The asking price is $345,000, with a pro-forma NOI of $194,187 and a compelling pro-forma cap rate of 56.29%. The property's location in Aroostook County, Maine, at 149 Loring Commerce Rd, Limestone, ME 04750, offers accessibility and growth opportunities within the local market. The price per pad is $6,388.89, representing a strong value proposition for investors seeking a high-yield, hands-on project with substantial upside. This Class D property built in 1960 presents a unique chance to capitalize on the growing demand for mobile home living and create a thriving community.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Limestone
    County
    Aroostook
    State
    Maine
    Longitude
    -67.8699
    Latitude
    46.9215

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    Limestone, ME 04750
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    Realmo Value Estimation

    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.

    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.

    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
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