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Property profile & analytics
OFF-MARKET
Land

524 Ridge Rd Oakfield, ME 04763

230.8 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 230.8-acre property in Oakfield, Maine, presents a unique investment opportunity combining residential, recreational, and industrial potential. The centerpiece is a nearly-completed, 2900 square foot, five-bedroom, 3.5-bathroom farmhouse. Significant renovations have already been undertaken, including electrical upgrades, a whole-house generator, complete spray foam insulation, new siding and roofing, and a refurbished garage. The seller is willing to complete the finishing touches to the buyer's specifications, or the property can be purchased in its current state for a buyer to finish at their leisure. The expansive acreage includes approximately 80 acres of farmland, enhanced by an irrigation pond, and 150 acres of wooded land, ideal for hunting and recreational pursuits. All work completed on the home has been performed by established, experienced contractors. Located at 524 Ridge Rd, Oakfield, ME 04763, this property offers a blend of comfortable living and diverse land uses, making it an attractive proposition for a variety of buyers. The asking price for this remarkable property is $700,000. Aroostook County location provides access to Maine's natural beauty and outdoor recreation.

Property profile
Verified
Property type Land
Lot 230.8 ac (10,053,648 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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