Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    301 Castner Rd Waldoboro, ME 04572-5850

    • Showrooms
    • 2,048 SF
    • 52.00 lot acres
    OFF-MARKET
    Last Sale
    Nov 15, 2022
    $525,000
    Value Estimations
    $520,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US42-0532296
    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

    • Showrooms

    Property Details for 301 Castner Rd

    Year built
    2012
    Construction
    CONCRETE
    Lot size
    52.00 lot acres
    Property size
    2,048 SF
    Zone code
    RURAL
    Property type
    Showrooms
    APN
    WALB M:R19 L:29B
    APU
    WALBMR19L29B

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $555,000
      ML approach
      $475,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $685,000
      Market price range: $264k - $816k

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Waldoboro
    County
    Lincoln
    State
    Maine
    Longitude
    -69.3334
    Latitude
    44.1521

    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
    2023
    $8,159
    $63,000
    $460,000
    $523,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $545,000
      6,284 SF

      1340 Atlantic Hwy

      SHOW ROOM, WAREHOUSE • 6,284 SF
      1340 Atlantic Hwy, Waldoboro, ME 04572-6016
      View Details
    • Value Estimation by Request
      0.20 Acres

      19 Hoak Rd

      SHOW ROOM, WAREHOUSE • 0.20 Acres
      19 Hoak Rd, Waldoboro, ME 04572-5638
      View Details
    • Value Estimation by Request
      2,584 SF

      750 Main St

      SHOW ROOM, WAREHOUSE • 2,584 SF
      750 Main St, Waldoboro, ME 04572
      View Details
    • Value Estimation by Request
      1,968 SF

      90 Backmeadow Rd

      SHOW ROOM, WAREHOUSE • 1,968 SF
      90 Backmeadow Rd, Waldoboro, ME 04572-5871
      View Details
    • Value Estimation by Request
      1,680 SF

      13 Flanders Cor Rd

      SHOW ROOM, WAREHOUSE • 1,680 SF
      13 Flanders Cor Rd, Waldoboro, ME 04572-5746
      View Details
    • Value Estimation by Request
      252 SF

      33 Tammy Ln

      SHOW ROOM, WAREHOUSE • 252 SF
      33 Tammy Ln, Waldoboro, ME 04572
      View Details

    Similar Nearby for Sale

    • $729,000

      Hardware Store with Apartments

      Investment opportunity: hardware store with two apartments in Maine.
      163 Jefferson St, Waldoboro, ME 04572
      View Details
    • $374,900
      1,692 SF

      Mixed-Use Commercial Building in Waldoboro

      Well-maintained mixed-use commercial building with prime office space.
      1530 Atlantic Hwy, Waldoboro, ME 04572
      View Details
    • New
      $169,000
      1,288 SF

      Waldoboro Commercial Property with Potential

      Distressed downtown property with potential for redevelopment in Waldoboro, Maine.
      258 Jefferson St, Waldoboro, ME 04572
      View Details
    • New
      $169,000
      0.11 Acres

      Downtown Waldoboro Landmark Property

      Distressed 0.11-acre lot in downtown Waldoboro, ready for redevelopment.
      258 Jefferson St, Waldoboro, ME 04572
      View Details
    • New
      $69,900
      7.50 Acres

      Maine Woods Land For Sale

      7.5 acre lot in Waldoboro, Maine with scenic views.
      Reef Rd, Waldoboro, ME 04572
      View Details
    • $78,000
      11.50 Acres

      Undeveloped Land in Waldoboro, Maine

      11.5 acres of wild, raw land in Waldoboro.
      235 Perry Greene Hill Rd, Waldoboro, ME 04572
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,975 SF

      Commercial Space Near U.S. Route 1

      Commercial space available for lease off U.S. Route 1.
      25 Washington Rd, Waldoboro, ME 04572
      View Details
    • $14 SF/Yr
      1,025 SF

      Retail/Office Space on Coastal Highway

      Retail or office space available on Maine's busiest corridor.
      1401 Atlantic Hwy, Waldoboro, ME 04572
      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.
    301 Castner Rd
    Waldoboro, ME 04572-5850
    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.