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    Property profile & analytics

    205 Main St Canaan, ME 04924-3404

    • Specialty properties
    • 4.31 lot acres
    OFF-MARKET
    Value Estimation
    $295,000
    Location Intelligence
    Property ID
    US42-0315685
    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.

    Current Use by Public Records

    • Canaan Hotel / Motel / Hotel

    Property Details for 205 Main St

    Lot size
    4.31 lot acres
    Property type
    Specialty properties
    APN
    CNNA M:U01 L:027-B
    APU
    CNNAMU01L027B

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $270,000

    • CAP approach

      CAP return
      Estimation
      6%
      $305,000
      6.5%
      $310,000
      7%
      $310,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $360,000
      Geo Method
      $305,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $405,000
      Retail
      $395,000
      Mixed-Use
      $420,000
      Hospitality
      $335,000
      Educational
      $400,000
      Residential Income
      $400,000
      Energy
      $370,000
      Income-Based Land
      $390,000
      Food Service
      $360,000

    Location Insight

    • Map
    • Local Demand
    City
    Canaan
    County
    Somerset
    State
    Maine
    Longitude
    -69.5686
    Latitude
    44.7619

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $5,463
    $31,200
    $299,900
    $331,100
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      1.10 Acres

      55 Easy St

      FINANCIAL BUILDING • 1.10 Acres
      55 Easy St, Canaan, ME 04924-3001
      View Details
    • Value Estimation
      $260,000
      7.60 Acres

      472 Main St

      FINANCIAL BUILDING • 7.60 Acres
      472 Main St, Canaan, ME 04924-3629
      View Details
    • Value Estimation
      $240,000
      5.58 Acres

      63 Pne Vly Dr

      FINANCIAL BUILDING • 5.58 Acres
      63 Pne Vly Dr, Canaan, ME 04924-3216
      View Details
    • Value Estimation
      $285,000
      3.50 Acres

      216 Main St

      FINANCIAL BUILDING • 3.50 Acres
      216 Main St, Canaan, ME 04924
      View Details
    • Value Estimation
      $150,000
      5.81 Acres

      100 Pne Vly Dr

      FINANCIAL BUILDING • 5.81 Acres
      100 Pne Vly Dr, Canaan, ME 04924-3219
      View Details
    • Value Estimation
      $260,000
      0.30 Acres

      294 Main St

      FINANCIAL BUILDING • 0.30 Acres
      294 Main St, Canaan, ME 04924
      View Details

    Similar Nearby for Sale

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      1.80 Acres

      Waterfront Land on Lake George

      1.8 acres with 217' frontage on Lake George.
      M7 Lake George Dr, Canaan, ME 04924
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    • $229,000
      8,056 SF

      Versatile Commercial Building in Canaan

      Large commercial building on 5 acres, previously a church/school.
      99 Easy St, Canaan, ME 04924
      View Details
    • $114,900
      3,500 SF

      Multifamily Property in Canaan, Maine

      Three-unit building in Canaan, Maine, with frontage on Carrabasset Stream.
      289 Main St, Canaan, ME 04924
      View Details
    • $245,000
      3.23 Acres

      Waterfront Land on Lake George

      3.23 acres of waterfront land on Lake George in Canaan.
      M7 L104-9 & 104-10, Canaan, ME 04924
      View Details
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    205 Main St
    Canaan, ME 04924-3404
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    Realmo Value Estimation

    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.

    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.

    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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