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

    608 Atlantic Hwy Northport, ME 04849

    • Commercial real estate
    • 3,900 SF
    • 2.70 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US42-0494524
    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

    • The Maine Alpaca Shop / Toy Store / Yarn Store

    Property Details for 608 Atlantic Hwy

    Lot size
    2.70 lot acres
    Property size
    3,900 SF
    Property type
    Commercial real estate
    APN
    NRPR-000015-000000-000021-U000000

    Description

    This exceptional Waldo County property, located at 608 Atlantic Highway in Northport, Maine (zip code 04849), presents a unique blend of commercial and residential space. The 3,900 square foot building sits on a 2.7-acre lot and offers significant income potential. The commercial space, currently operating as a successful retail shop, encompasses 2,600 square feet, ideal for a variety of businesses. A spacious 1,300 square foot, two-bedroom, one-bathroom apartment provides comfortable living quarters, suitable for owner occupancy or rental. Adding to the property's appeal is a profitable Airbnb setup, generating additional revenue. The property boasts high visibility on US Route 1, a major thoroughfare, and includes 20 parking spaces. The land value is $205.10 per square foot. The asking price is $799,900. The property's APN is NRPR-000015-000000-000021-U000000. This is a prime opportunity for entrepreneurs or investors seeking a high-traffic location with established business presence and diverse income streams.

    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
    Northport
    County
    Waldo
    State
    Maine
    Longitude
    -68.9568943
    Latitude
    44.33418

    Comparable in this City

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      Lincolnville Seafood Restaurant Opportunity

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      Historic Waterfront Pub/Restaurant For Sale

      Waterfront pub/restaurant with owner's apartment in Lincolnville, Maine.
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      Northport Land with Mountain Views

      170+/- acres in Northport, ME, with mountain views.
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      Land Parcel in Lincolnville, Maine

      6.26-acre parcel ideal for building a dream home or retreat.
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      Northport Land with Potential Views

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      Lincolnville Mixed-Use Opportunity

      Mixed-use property in Lincolnville Beach with residential and commercial space.
      2561 Atlantic Hwy, Lincolnville, ME 04849
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    Similar Nearby for Sale

    • $650,000
      4,831 SF

      Lincolnville Seafood Restaurant Opportunity

      Thriving seafood restaurant with oceanfront views and live lobster tanks.
      2530 Atlantic Hwy, Lincolnville, ME 04849
      View Details
    • $1,190,000
      4,780 SF

      Historic Waterfront Pub/Restaurant For Sale

      Waterfront pub/restaurant with owner's apartment in Lincolnville, Maine.
      2531 Atlantic Hwy, Lincolnville, ME 04849
      View Details
    • $799,000
      170.00 Acres

      Northport Land with Mountain Views

      170+/- acres in Northport, ME, with mountain views.
      423 Beech Hill Rd, Northport, ME 04849
      View Details
    • $120,000
      6.26 Acres

      Land Parcel in Lincolnville, Maine

      6.26-acre parcel ideal for building a dream home or retreat.
      142D Tucker Brook Rd, Lincolnville, ME 04849
      View Details
    • $175,000
      59.00 Acres

      Northport Land with Potential Views

      59-acre wooded parcel in Northport, Maine, with potential water views.
      139 Prescott Hill Rd, Northport, ME 04849
      View Details
    • $450,000
      3,250 SF

      Lincolnville Mixed-Use Opportunity

      Mixed-use property in Lincolnville Beach with residential and commercial space.
      2561 Atlantic Hwy, Lincolnville, ME 04849
      View Details
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    608 Atlantic Hwy
    Northport, ME 04849
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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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