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    171 Roosevelt Trl Naples, ME 04055
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    Property profile & analytics

    171 Roosevelt Trl, Naples, ME 04055

    View on Map
    • Retail space
    • 2,388 SF
    • 2.98 lot acres
    Off-Market
    Property ID
    US42-0382495
    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

    • Retail space

    Property Details for 171 Roosevelt Trl

    Lot size
    2.98 lot acres
    Property type
    Retail space
    Property subtype
    Storefront properties
    APN
    Map U06, Lot 001

    Description

    This exceptional commercial property in Naples, Maine, presents a rare opportunity to acquire an established and iconic seafood restaurant. Located on Route 302, just over a mile from the Naples Causeway, this prime location offers maximum visibility in the heart of the Sebago Lakes Region. The property encompasses a generous 2.98-acre lot and includes four buildings: a main restaurant, a gift shop, and two sheds, plus a dedicated lobster tank house. Recent updates significantly enhance the property's value and functionality, including a new parking lot, roof, bar, take-out area, kitchen, bathrooms, and a dry storage shed. Further improvements include two new mini-split heating and cooling systems, a new dishwasher, ice machine, and eight brand new picnic tables. The restaurant boasts 2,388 square feet of space, situated on a lot identified by APN Map U06, Lot 001, within Cumberland County. The property is zoned for both residential and commercial use, offering flexibility for future development. The asking price is $350,000, translating to $146.57 per square foot. This turnkey operation is ready for a new owner to continue its legacy of success. The property's address is 171 Roosevelt Trail, Naples, ME 04055.

    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
    Naples
    County
    Cumberland
    State
    Maine
    Longitude
    -70.57240617
    Latitude
    43.96246631

    Comparable in this City

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    Similar Nearby for Sale

    • $1,950,000
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      Historic Naples Barn Investment Opportunity

      Unique property with Airbnb units, antique shop, and cafe.
      679 Roosevelt Trl, Naples, ME 04055
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    • $1,950,000
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      Naples Commercial Property For Sale

      Commercial property in Naples, Maine, with retail space available.
      679 Roosevelt Trl, Naples, ME 04055
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    • $295,000
      40.00 Acres

      Expansive Land Near Naples Causeway

      40-acre property near nature preserve, ideal for development.
      Gilberts Way, Naples, ME 04055
      View Details
    • $239,500
      402,058 SF

      Crooked River Frontage Building Lot

      9+ acre building lot with extensive Crooked River frontage.
      31 Sand Rd, Naples, ME 04055
      View Details
    • $69,999
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      Waterfront Land with River Frontage

      Land with 150 feet of frontage on the Crooked River.
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      View Details
    • $47,900
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      Sebago Cove Camping Lot

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      View Details
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    Naples, ME 04055
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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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