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    220 Bristol Rd Damariscotta, ME 04543
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    220 Bristol Rd Damariscotta, ME 04543

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    • Bed & breakfasts
    • 17,556 SF
    • 39.92 lot acres
    For Sale
    $1,575,000
    View Listing →
    Historic Inn Redevelopment Opportunity For Sale
    $1,575,000
    10,314 SF

    Historic Inn Redevelopment Opportunity

    Prime Midcoast Maine redevelopment property with historic inn and acreage.

    220 Bristol Road, Damariscotta, ME 4543
    View Listing
    Property ID
    US42-0134567
    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

    • Down Easter Inn / Hotel & Motel / Bed & Breakfast
    • Huston House / Tour Operator

    Property Details for 220 Bristol Rd

    Year built
    1850
    Lot size
    39.92 lot acres
    Property size
    17,556 SF
    Property type
    Bed & breakfasts

    Description

    This exceptional investment opportunity presents the Down Easter Inn, a historic property listed on the National Register of Historic Places. Located in Damariscotta, Maine, on over 39 acres, this inn boasts 25 guest rooms, each with a private ensuite bathroom. The main building, dating back to 1850, features a Greek Revival facade and includes nine bedrooms (three with private baths, several with fireplaces), a reception area, dining room, living room, and kitchen. A separate two-bedroom cottage provides additional lodging. A two-car garage offers versatile space for storage, a fitness center, or other amenities. The expansive grounds are perfect for weddings and events. With 17,556 square feet across three buildings, this property offers significant potential for further development and expansion within Maine's thriving hospitality market. The asking price is $1,575,000, representing $89.71 per square foot and $63,000 per key. Conveniently located near Pemaquid Beach and Boothbay Harbor, this inn presents a rare chance to acquire a well-established business with substantial growth potential.

    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
    Damariscotta
    County
    Lincoln
    State
    Maine
    Longitude
    -69.530088957847
    Latitude
    44.018135347532

    Comparable in this City

    • $1,575,000
      10,314 SF

      Historic Inn Redevelopment Opportunity

      Redevelopment opportunity in midcoast Maine on nearly 40 acres.
      220 Bristol Rd, Damariscotta, ME 04543
      View Details
    • Contact for pricing
      10,314 SF

      Historic Inn Redevelopment Opportunity

      Prime Midcoast Maine redevelopment property with historic inn and acreage.
      220 Bristol Rd, Damariscotta, ME 04543
      View Details
    • $99,000
      0.98 Acres

      Land in Established Damariscotta Neighborhood

      Attractive land parcel near Damariscotta Village for custom home.
      6 Stonewyck Ln, Damariscotta, ME 04543
      View Details
    • $275,000
      17.00 Acres

      Land on Paradise Pond

      17.3-acre property with 100 feet of Paradise Pond frontage.
      Heater Rd, Damariscotta, ME 04543
      View Details
    • $999,000
      2,930 SF

      Downtown Damariscotta Mixed-Use Gem

      Harbor views, restaurant, 2 rentals
      85 Parking Lot Ln, Damariscotta, ME 04543
      View Details
    • $165,000
      50.00 Acres

      Expansive Land Parcel in Maine

      50-acre parcel suitable for agriculture, recreation, hunting, or solar farm.
      826 Atlantic Hwy, Damariscotta, ME 04543
      View Details

    Similar Nearby for Sale

    • $1,575,000
      10,314 SF

      Historic Inn Redevelopment Opportunity

      Redevelopment opportunity in midcoast Maine on nearly 40 acres.
      220 Bristol Rd, Damariscotta, ME 04543
      View Details
    • Contact for pricing
      10,314 SF

      Historic Inn Redevelopment Opportunity

      Prime Midcoast Maine redevelopment property with historic inn and acreage.
      220 Bristol Rd, Damariscotta, ME 04543
      View Details
    • $99,000
      0.98 Acres

      Land in Established Damariscotta Neighborhood

      Attractive land parcel near Damariscotta Village for custom home.
      6 Stonewyck Ln, Damariscotta, ME 04543
      View Details
    • $275,000
      17.00 Acres

      Land on Paradise Pond

      17.3-acre property with 100 feet of Paradise Pond frontage.
      Heater Rd, Damariscotta, ME 04543
      View Details
    • $999,000
      2,930 SF

      Downtown Damariscotta Mixed-Use Gem

      Harbor views, restaurant, 2 rentals
      85 Parking Lot Ln, Damariscotta, ME 04543
      View Details
    • $165,000
      50.00 Acres

      Expansive Land Parcel in Maine

      50-acre parcel suitable for agriculture, recreation, hunting, or solar farm.
      826 Atlantic Hwy, Damariscotta, ME 04543
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      22,000 SF

      Development Ready Pad Sites

      Two pad sites available for development off Main Street.
      435 Main St, Damariscotta, ME 04543
      View Details
    • Contact for pricing

      Retail Spaces Available for Rent

      Retail spaces ranging from 1,525 to 22,000 SqFt available.
      435 Main St, Damariscotta, ME 04543
      View Details
    View Listing
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    Damariscotta, ME 04543
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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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