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    117 Vaughn Rd Dover-Foxcroft, ME 04426
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    Property profile & analytics

    117 Vaughn Rd, Dover-Foxcroft, ME 04426

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    • Commercial real estate
    • 63,000 SF
    Off-Market
    Property ID
    US42-0231432
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 117 Vaughn Rd

    Year built
    1846
    Property type
    Commercial real estate
    APN
    Lot 034, Lot 088

    Description

    This unique 63,000 square foot, five-story mill building in Dover-Foxcroft, Maine, presents a remarkable redevelopment opportunity. Built in 1846 and renovated in 1912, the property boasts a 12-foot ceiling height, one loading dock, and is situated on a scenic waterfront lot on the Piscataquis River, next to a 36-acre public park. The property is zoned "Village," allowing for diverse uses, and is eligible for significant federal and state historic tax credits, plus local property tax subsidies (TIF) potentially covering 75-90% of annual taxes. A reduced electric rate may also be available due to a nearby hydroelectric generator. The main structure is well-maintained, featuring a 15-year-old rubber roof in excellent condition, sandblasted interior spaces on all five floors, intact windows and doors, and a functioning dry sprinkler system. A reuse study by Archetype Architects and a Phase One environmental assessment are complete, with Phase Two underway. While shoreline zoning may restrict the first floor to non-residential use, initial discussions with state regulators indicate no other significant zoning issues. The property includes a dilapidated structure (not part of the main building) that will likely need removal, creating potential parking. The asking price is $1,660,000 ($26.35/sq ft). APN: Lot 034, Lot 088. This is an exceptional investment opportunity with substantial potential for affordable housing and community development.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Dover-Foxcroft
    County
    Piscataquis
    State
    Maine
    Longitude
    -69.218198578116
    Latitude
    45.183344885834

    Comparable in this City

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      Land available for sale in Dover-Foxcroft, Maine.
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    Similar Nearby for Sale

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      Versatile Commercial Space in Dover-Foxcroft

      Expansive 14,000 sq ft commercial space in central Dover-Foxcroft.
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      View Details
    • $225,000
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      Land Near Sebec Lake

      6.4 acre lot near Bowerbank public landing.
      Flag Cove Rd, Bowerbank, ME 04426
      View Details
    • New
      $145,500
      0.33 Acres

      Downtown Storefront with Two Levels

      Two-level downtown storefront with first-level open space and on-/off-street parking for customer access.
      13 Summer St, Dover Foxcroft, ME 04426
      View Details
    • $59,000
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      Bowerbank Acre Lot Near Sebec

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      Land For Sale Dover-Foxcroft

      Land available for sale in Dover-Foxcroft, Maine.
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      View Details
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    Dover-Foxcroft, ME 04426
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    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
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