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    26 School St Damariscotta, ME 04543
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    26 School St Damariscotta, ME 04543

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    • Mixed-use properties
    • 2,642 SF
    Off-Market
    Property ID
    US42-0457178
    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

    • Mixed-use properties

    Property Details for 26 School St

    Year built
    1853
    Property size
    2,642 SF
    Property type
    Mixed-use properties
    Property subtype
    Retail properties & Spaces

    Description

    Fantastic Intown Damariscotta Location,Damariscotta is known for its charming downtown, art galleries, and waterfront. It's worth looking into the local amenities such as schools, restaurants, and shops that contribute to the town's appeal. 2-4 Bedroom Sunny Cape with Large Rooms, 2 Fireplaces, and ... plenty of Storage Area. Living Room has a cozy fireplace, there is a separate Dining Room for family gatherings or entertaining. Large Eat-In Kitchen featuring another fireplace and a cook stove for a rustic, homey atmosphere. Large Bedroom, full Bathroom, another small Bedroom/Office or Den all on the first floor. Second Floor boasts two large rooms offering flexibility for different needs Bedrooms and Craft/Sewing room. Bonus of a newer 1 car Garage, a 2-3 car Garage and a Shop all on the property. A meandering brook runs through the lower part of the property for very lovely natural views. Town Sewer is across the road and Town Water is on the same side as the house according to GSBSD. Can be Commercial or Residential Town has the property built in 1853 Seller believes it 1950's. Please refer to MLS#1612328

    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
    -69.5183814
    Latitude
    44.0333359

    Comparable in this City

    • $999,000
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      Downtown Damariscotta Mixed-Use Gem

      Harbor views, restaurant, 2 rentals
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      Damariscotta Commercial Building For Sale

      Well-maintained 6,000 SF commercial building suitable for medical or professional use.
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    • New
      $1,575,000
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      Historic Inn Redevelopment Opportunity

      Redevelopment opportunity in midcoast Maine on nearly 40 acres.
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    • Contact for pricing
      10,314 SF

      Historic Inn Redevelopment Opportunity

      Prime Midcoast Maine redevelopment property with historic inn and acreage.
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    • $165,000
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      Expansive Land Parcel in Maine

      50-acre parcel suitable for agriculture, recreation, hunting, or solar farm.
      826 Atlantic Hwy, Damariscotta, ME 04543
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    • $1,795,000
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      Damariscotta Commercial Property on Main

      Commercial property with river frontage and on-site parking.
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    Similar Nearby for Sale

    • $999,000
      2,930 SF

      Downtown Damariscotta Mixed-Use Gem

      Harbor views, restaurant, 2 rentals
      85 Parking Lot Ln, Damariscotta, ME 04543
      View Details
    • $650,000
      6,000 SF

      Damariscotta Commercial Building For Sale

      Well-maintained 6,000 SF commercial building suitable for medical or professional use.
      4 Edwards Ave, Damariscotta, ME 04543
      View Details
    • New
      $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
    • $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
    • $1,795,000
      1.01 Acres

      Damariscotta Commercial Property on Main

      Commercial property with river frontage and on-site parking.
      100 Main St, Damariscotta, ME 04543
      View Details

    Similar Nearby for Lease

    • 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
    • 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
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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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