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    Property profile & analytics

    52 Milbridge Rd Cherryfield, ME 04622

    • Mixed-use properties
    • 2,500 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US42-0378365
    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

    • Mixed-use properties

    Property Details for 52 Milbridge Rd

    Property size
    2,500 SF
    Property type
    Mixed-use properties

    Description

    This exceptional 2,500 square foot mixed-use property located at 52 Milbridge Road in Cherryfield, Maine, presents a compelling investment opportunity. Currently generating income via a triple-net leased office space to a local oil company, this property offers significant upside potential. An existing garage provides ample space for various uses, including rental income, a retail shop, automotive repair, tire services, or a redemption center. The property also features four gas pumps under a canopy requiring updates. Securing a major gas company investment could dramatically increase profitability, particularly with the addition of a convenience store, creating a significant regional hub. Financial details are available upon execution of a non-disclosure agreement. The property's existing income stream can help offset mortgage payments, allowing for the pursuit of additional income-generating ventures. The upper level of the garage presents the possibility of conversion into residential living space, further enhancing the property's value and versatility. This is a rare chance to acquire a multi-faceted commercial property with immediate income and substantial growth potential in a desirable Maine location. The property sits on a 0-acre lot. The asking price is $499,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Cherryfield
    County
    Washington
    State
    Maine
    Longitude
    -67.92408
    Latitude
    44.59772

    Comparable in this City

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      Deblois Land Parcel For Sale

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      Maine Land with Water Frontage

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    • $125,000
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      Land with Pond Access

      41.04 acre parcel with deeded pond access.
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    • $1,303,424
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      Dollar General NNN Lease

      2020 build-to-suit Dollar General with NNN lease.
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      Cherryfield Rural Acres for Sale

      15.3 acres of rural land in Cherryfield, Maine.
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    Similar Nearby for Sale

    • Contact for pricing
      1.10 Acres

      Land with Well in Beddington

      1.1 acre lot with well, ideal for recreation.
      1910 Maine 193, Beddington, ME 04622
      View Details
    • $69,900
      43.15 Acres

      Deblois Land Parcel For Sale

      43.15 acre surveyed lot suitable for recreation and hunting.
      60 Eleanor Mae Rd, Deblois, ME 04622
      View Details
    • $125,000
      41.04 Acres

      Land with Pond Access

      41.04 acre parcel with deeded pond access.
      East Blf Ln, Beddington, ME 04622
      View Details
    • $1,303,424
      9,026 SF

      Dollar General NNN Lease

      2020 build-to-suit Dollar General with NNN lease.
      157 Milbridge Rd, Cherryfield, ME 04622
      View Details
    • $34,500
      15.30 Acres

      Cherryfield Rural Acres for Sale

      15.3 acres of rural land in Cherryfield, Maine.
      7 Sharon Ln, Cherryfield, ME 04622
      View Details
    • $89,900
      12.00 Acres

      Maine Land with Water Frontage

      12-acre parcel with river and pond frontage in Maine.
      01-2.2 Airline Rd, Cherryfield, ME 04622
      View Details
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    52 Milbridge Rd
    Cherryfield, ME 04622
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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.

    More about this property
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