Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    227 Neck Rd Benton, ME 04901

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    227 Neck Rd Benton, ME 04901

    View on Map
    • Commercial real estate
    • 5,680 SF
    • 1.00 lot acres
    Off-Market
    Property ID
    US42-0513735
    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

    • Commercial real estate

    Property Details for 227 Neck Rd

    Lot size
    1.00 lot acres
    Property size
    5,680 SF
    Property type
    Commercial real estate

    Description

    This exceptional commercial property, located at 227 Neck Road in Benton, Maine (zip code 04901), presents a unique investment opportunity. The property encompasses a total of 5,680 square feet situated on one acre of land. The site features two buildings: a substantial 4,000 square foot commercial building with four bays, ideal for various business uses, and a separate 1,680 square foot office building, perfect for administrative functions or additional workspace. Both structures benefit from superior insulation, utilizing spray foam technology, ensuring energy efficiency and cost savings. The property boasts excellent visibility from Benton Neck Road, enhancing its marketing potential. A large paved yard provides ample parking for employees, customers, and clients. The asking price for this turnkey commercial property is $475,000. This property is zoned for commercial use and offers significant potential for a variety of businesses seeking a well-maintained and strategically located space in Benton, Maine. The property's location in Kennebec County provides easy access to major transportation routes and local amenities.

    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
    Benton
    County
    Kennebec
    State
    Maine
    Longitude
    -69.5638107
    Latitude
    44.5861102

    Comparable in this City

    • New
      $359,900
      2,908 SF

      Versatile Commercial Property in Waterville

      1.92-acre commercial property with office suites and outdoor canopy.
      120 Drummond Ave, Waterville, ME 04901
      View Details
    • Contact for pricing
      6,211 SF

      Multi-Tenant Office Building For Sale

      Fully occupied office building near downtown Waterville with parking.
      2 Park St, Waterville, ME 04901
      View Details
    • $229,900
      6,211 SF

      Multi-Tenant Office Building in Waterville

      Fully occupied office building near downtown Waterville with ample parking.
      2 Park St, Waterville, ME 04901
      View Details
    • $395,000

      Waterville Industrial Park Land

      20.4 acre lot in Waterville Industrial Park for sale.
      3 Industrial St, Waterville, ME 04901
      View Details
    • $98,000
      4.35 Acres

      Sebasticook River Waterfront Land

      4.35-acre waterfront land with 212 feet of river frontage.
      Bangor Rd, Benton, ME 04901
      View Details
    • $114,900
      2.59 Acres

      Waterville Commercial Land For Sale

      2.59 acre commercial lot with turnpike exposure in Waterville.
      125 Airport Rd, Waterville, ME 04901
      View Details

    Similar Nearby for Sale

    • New
      $359,900
      2,908 SF

      Versatile Commercial Property in Waterville

      1.92-acre commercial property with office suites and outdoor canopy.
      120 Drummond Ave, Waterville, ME 04901
      View Details
    • Contact for pricing
      6,211 SF

      Multi-Tenant Office Building For Sale

      Fully occupied office building near downtown Waterville with parking.
      2 Park St, Waterville, ME 04901
      View Details
    • $229,900
      6,211 SF

      Multi-Tenant Office Building in Waterville

      Fully occupied office building near downtown Waterville with ample parking.
      2 Park St, Waterville, ME 04901
      View Details
    • $129,900

      I-95 Frontage Land Available

      Just under 3 acres of commercial land with utilities.
      115 Airport Rd, Waterville, ME 04901
      View Details
    • $65,000
      2.00 Acres

      Winslow, ME Two-Acre Land Parcel

      Two-acre parcel in a sought-after rural location near town.
      Albion Rd, Winslow, ME 04901
      View Details
    • $55,000
      2.27 Acres

      Winslow, Maine Wooded Lot

      2.5-acre wooded lot approved for building, well, and septic.
      Bassett Rd, Winslow, ME 04901
      View Details

    Similar Nearby for Lease

    • $10 SF/Yr
      1 SF

      Historic Waterville Office Building

      Prime Office Space Available in Waterville, ME
      32 College Ave, Waterville, ME 04901, Waterville, ME 04901
      View Details
    • Contact for pricing
      120,000 SF

      Waterville Industrial Build-to-Suit Opportunity

      Industrial build-to-suit opportunity near I-95 in Waterville, Maine.
      Trafton Rd, Waterville, ME 04901
      View Details
    • $1,850 /Mo
      1,326 SF

      Waterville Office Space For Lease

      Recently renovated office space in downtown Waterville with elevator access.
      70 Main St, Waterville, ME 04901
      View Details
    • Contact for pricing

      Waterville Retail/Flex Building For Sale

      4,000 SF retail/flex building with warehouse functionality in Waterville.
      259 Main St, Waterville, ME 04901
      View Details
    • Contact for pricing

      Retail Suites in Elm Plaza

      Retail suites available for lease in Waterville's Elm Plaza.
      18 Elm Plz, Waterville, ME 04901
      View Details
    • $15 SF/Yr
      13,950 SF

      Retail Suites in Elm Plaza

      Retail suites for lease in Waterville's Elm Plaza.
      140 Elm Plz, Waterville, ME 04901
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    227 Neck Rd
    Benton, ME 04901
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!