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    1587 Atlantic Hwy Waldoboro, ME 04572
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    1587 Atlantic Hwy, Waldoboro, ME 04572

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    • Mixed-use properties
    • 2,441 SF
    • 0.37 lot acres
    Off-Market
    Property ID
    US42-0170568
    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

    • Roadside Eats / Restaurant

    Property Details for 1587 Atlantic Hwy

    Year built
    1950
    Lot size
    0.37 lot acres
    Property type
    Mixed-use properties

    Description

    This meticulously renovated 2,441 sq ft mixed-use property, located at 1587 Atlantic Highway in Waldoboro, ME, presents a unique investment opportunity. Situated on a 0.37-acre lot directly on Route 1, this establishment boasts a thriving restaurant space, comfortably seating approximately 35 patrons. Completely renovated in 2022, the restaurant is equipped with all necessary kitchen equipment (tables, seating, and memorabilia are excluded). Town water and sewer services ensure convenient operation. Adding to its appeal, a one-bedroom apartment occupies the upper level, providing significant potential for supplemental rental income. This versatile property seamlessly blends commercial and residential uses, making it an ideal choice for entrepreneurs seeking a turnkey operation with immediate income generation. The strategic location on a major thoroughfare guarantees high visibility and accessibility, promising strong returns on investment. This is a rare chance to acquire a well-established, updated property in a desirable coastal Maine location. Don't miss this chance to own a piece of thriving coastal Maine commerce.

    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
    Waldoboro
    County
    Lincoln
    State
    Maine
    Longitude
    -69.37955
    Latitude
    44.1019

    Comparable in this City

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    • $525,000
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      Expansive Land Parcel in Waldoboro

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    • New
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      Cleared Land with Utilities

      Cleared 1.94-acre lot with well, septic, and power.
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    Similar Nearby for Sale

    • $1,200,000
      6,780 SF

      Versatile Mixed-Use Building Overlooking River

      Four-story building with bakery, restaurant, venue, and penthouse.
      13 Friendship Rd, Waldoboro, ME 04572
      View Details
    • $374,900
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      Mixed-Use Commercial Building in Waldoboro

      Well-maintained mixed-use commercial building with high visibility.
      1530 Atlantic Hwy, Waldoboro, ME 04572
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    • $69,000
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      5 Acre Wooded Land Parcel

      5 acre wooded parcel in Midcoast Maine.
      2901 Old Augusta Rd, Waldoboro, ME 04572
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    • Contact for pricing
      5,786 SF

      Waldoboro Commercial Building For Sale

      Versatile commercial building in Waldoboro's Village zone.
      592 West Main St, Waldoboro, ME 04572
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    • $525,000
      118.00 Acres

      Expansive Land Parcel in Waldoboro

      118-acre parcel with development potential in Midcoast Maine.
      501 Noyes Rd, Waldoboro, ME 04572
      View Details
    • New
      $99,000
      1.94 Acres

      Cleared Land with Utilities

      Cleared 1.94-acre lot with well, septic, and power.
      205 Ralph Wink Rd, Waldoboro, ME 04572
      View Details

    Similar Nearby for Lease

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      1,975 SF

      Commercial Space Near U.S. Route 1

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      Waldoboro Office Space Available

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      1,025 SF

      Retail/Office Space on Coastal Highway

      Retail or office space available on Maine's busiest corridor.
      1401 Atlantic Hwy, Waldoboro, ME 04572
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    Waldoboro, ME 04572
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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.

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