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    157 Elm St Milo, ME 04463
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    Property profile & analytics

    157 Elm St, Milo, ME 04463

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    • Breweries
    • 4,668 SF
    Off-Market
    Property ID
    US42-0067432
    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

    • Breweries

    Property Details for 157 Elm St

    Property type
    Breweries
    Property subtype
    Conventional restaurants

    Description

    Step into a gorgeous turnkey business opportunity with Three Rivers, a fully equipped and operational restaurant and brewery located in the heart of Milo, Maine. This ready-to-operate property, which seats 85 patrons inside and 55 outside, is perfect for entrepreneurs looking to dive into the culina ... ry and brewing industry without the hassle of starting from scratch. With its unique features and well-established customer base, this property offers immediate revenue potential. Key Features: Fully Equipped Kitchen: The property comes with a state-of-the-art kitchen, allowing you to start operations immediately. From cold storage to high-end kitchen appliances, everything you need is already in place. Unique Brewing Facility: A beer lover's dream! The thoughtfully-constructed brewery was built to focus on mixed-fermentation beers, wood aging, and spontaneous fermentation. The facility boasts rare and unique features such as an open fermentation room - 1 of 3 in the state! - that allows you to not only brew beer efficiently, but creatively. Only interested in the restaurant operation? Lease the brewing space! Spacious & Trendy Dining Area: The 85-seat restaurant boasts a warm and inviting dining area that can accommodate a large number of guests, creating a cozy atmosphere for patrons. The farmhouse-style layout is designed to maximize comfort and efficiency, ensuring a pleasant and trendy dining experience. Outdoor Seating & Concert Space: Enjoy the scenic beauty of Milo with a charming 55-seat outdoor seating area - complete with a refurbished 1920s caboose! - is perfect for al fresco dining. This space also includes plastic enclosures to extend the outdoor dining season and provide additional guest space into the colder months. Additionally, the outdoor concert space is perfect for hosting live music events.

    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
    Milo
    County
    Piscataquis
    State
    Maine
    Longitude
    -68.8929963
    Latitude
    45.1873816

    Comparable in this City

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      1.00 Acre

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      One acre lot, maintained road, near Boyd Lake.
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      Agricultural Land with River Frontage

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      Pending

      Mixed-Use Property with Retail Units

      Corner lot featuring retail and residential income potential.
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      Acre Lot Near Boyd Lake

      One acre lot, convenient to Orono, Bangor, and Boyd Lake.
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      Land in Lake View Plt

      Land for sale in Lake View Plt, Maine.
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    Similar Nearby for Sale

    • $399,900
      3,900 SF

      Versatile Commercial Property in Milo

      Multi-use commercial property with restaurant, store, bar, and more.
      20 Park St, Milo, ME 04463
      View Details
    • Contact for pricing
      1.00 Acre

      Acre Lot Near Boyd Lake

      One acre lot, maintained road, near Boyd Lake.
      1598 Elm St, Orneville Twp, ME 04463
      View Details
    • New
      $120,000
      3,223,440 SF

      Agricultural Land with River Frontage

      74-acre parcel with two established hay fields, offering long frontage along Pleasant River and road access.
      M6-l16 Medford Rd, Milo, ME 04463
      View Details
    • Contact for pricing
      Pending

      Mixed-Use Property with Retail Units

      Corner lot featuring retail and residential income potential.
      5 Elm St, Milo, ME 04463
      View Details
    • Contact for pricing
      43,560 SF

      Acre Lot Near Boyd Lake

      One acre lot, convenient to Orono, Bangor, and Boyd Lake.
      1598 Elm St, Milo, ME 04463
      View Details
    • $399,999

      Land in Lake View Plt

      Land for sale in Lake View Plt, Maine.
      440 Railroad Bed Rd, Lake View Plt, ME 04463
      View Details
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    Milo, ME 04463
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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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