Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    368 Narragansett Trl Buxton, ME 04093
    Back to Search
    Property profile & analytics

    368 Narragansett Trl, Buxton, ME 04093

    View on Map
    • Mixed-use properties
    • 6,296 SF
    • 2.00 lot acres
    Off-Market
    Property ID
    US42-0444967
    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 368 Narragansett Trl

    Year built
    1947
    Lot size
    2.00 lot acres
    Property type
    Mixed-use properties

    Description

    This exceptional investment opportunity in Buxton, Maine presents two fully operational, compliant commercial buildings situated on a 2-acre lot with 277 feet of prime road frontage on Route 202 (Narragansett Trail). The property boasts high visibility due to its location on this busy thoroughfare. Building 1 is a 1,352 square foot medical cannabis dispensary, currently operating and fully licensed by the state and town. Building 2 is a substantial 4,400+ square foot cultivation facility, also fully licensed and operational. This building includes four flower rooms, two vegetation rooms, a dedicated dry room, and a trim room. Both buildings are in excellent condition and well-maintained, featuring high-quality water and recently installed septic systems. The property offers significant potential for continued growth and profitability within the established cannabis industry. Owner financing is available for qualified buyers, making this a compelling opportunity for investors seeking a turnkey operation with strong existing revenue streams. The property's size and location provide ample space and visibility for continued success. This is a rare chance to acquire a thriving, established business with significant future 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
    Buxton
    County
    York
    State
    Maine
    Longitude
    -70.52793
    Latitude
    43.61157

    Comparable in this City

    • $269,000
      1.85 Acres

      Buxton Corner Lot in Business Park

      1.85 acre corner lot in Buxton's growing business park.
      Innovation Way, Buxton, ME 04093
      View Details
    • New
      $800,000
      4,365 SF

      Multi-Family Property with New Roof

      Multi-unit residential property offering flexible living arrangements and a new roof installed June 2026.
      69 Old Orchard Rd, Buxton, ME 04093
      View Details
    • $399,000
      3.28 Acres

      Buxton Land for Commercial Development

      3.28-acre commercial land in Buxton's growing business park.
      Innovation Way, Buxton, ME 04093
      View Details
    • New
      $629,000
      2,500 SF

      Updated Multi-Family Home on Acres

      Updated multi-family home on 6.25 acres in Buxton, Maine.
      1306 Long Plains Rd, Buxton, ME 04093
      View Details
    • Contact for pricing
      3,502 SF

      Buxton Office or Conversion Opportunity

      Versatile 3,502 SF property suitable for office or residential conversion.
      88 Main St, Buxton, ME 04093
      View Details
    • Contact for pricing

      Commercial Land For Sale

      Highly visible lot ideal for retail, service, or light industrial.
      430 Narragansett Trl, Buxton, ME 04093
      View Details

    Similar Nearby for Sale

    • $789,000
      13.80 Acres

      Buxton Commercial Land For Sale

      13.8 acre commercial lot suitable for various business uses.
      Commerce Dr, Buxton, ME 04093
      View Details
    • $269,000
      1.90 Acres

      Buxton Land in Business Hub

      1.9 acre corner lot in growing Buxton business park.
      Innovation Way, Buxton, ME 04093
      View Details
    • $399,000
      3.28 Acres

      Buxton Land for Commercial Development

      3.28-acre commercial land in Buxton's growing business park.
      Innovation Way, Buxton, ME 04093
      View Details
    • New
      $629,000
      2,500 SF

      Updated Multi-Family Home on Acres

      Updated multi-family home on 6.25 acres in Buxton, Maine.
      1306 Long Plains Rd, Buxton, ME 04093
      View Details
    • Contact for pricing
      3,502 SF

      Buxton Office or Conversion Opportunity

      Versatile 3,502 SF property suitable for office or residential conversion.
      88 Main St, Buxton, ME 04093
      View Details
    • Contact for pricing

      Commercial Land For Sale

      Highly visible lot ideal for retail, service, or light industrial.
      430 Narragansett Trl, Buxton, ME 04093
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,456 SF

      Retail/Office Space on Route 202

      Two-story retail or office space available for rent.
      400 Narragansett Trl, Buxton, ME 04093
      View Details
    • Contact for pricing

      Developable Land For Rent

      Land available for development.
      414 Narragansett Trl, Buxton, ME 04093
      View Details
    • Contact for pricing

      Retail Parcel Near Hannaford

      2.4-acre retail parcel with high visibility for lease.
      24 Portland Rd, Buxton, ME 04093
      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.
    368 Narragansett Trl
    Buxton, ME 04093
    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

    Thank You for Inquiry
    368 Narragansett Trl, Buxton, ME, 04093
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!