Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • 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

    204 Gray Rd Cumberland, ME 04021

    Sponsored
    For Sale
    $940,000

    COMMERCIAL - Cumberland, ME

    Property size:
    2,023 SF
    Lot size:
    0.66 Acres
    Days on Market:
    11
    Last Refresh:
    Feb 13 at 9:06 am

    Property Features for 204 Gray Rd

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    VCC
    Rooms
    Basement
    Parking features
    Off Street
    Interior features
    Storage
    Basement
    Full, Walk-Out Access
    Accessibility
    Accessible Approach with Ramp
    Size
    2,023 SF
    Lot size
    0.66 Acres

    Utilities

    Sewer type
    Private Sewer
    Heating system
    Hot Water(Heating)
    Water source
    Public

    Building Details

    Year built
    2010
    Flooring type
    Tile, Wood
    Building materials
    Wood Siding, Wood Frame
    Roof type
    Metal
    Additional Structures
    Storage

    We can help!

    Listing Contact
    Karen Edgcombe

    Maine Real Estate Co (207) 229-5449

    Listing agent Karen Edgcombe (800) 971-8860

    Listing date Feb 3, 2026

    MLS# 1636435

    Copyright © 2026 Maine Listings. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Adaptable Commercial Space in Cumberland

    This commercial property, constructed in 2010, is located in Cumberland. The building offers a modern design and a layout suitable for various business needs. It features a metal roof, a lofted office or storage space, and a full basement for storage or expansion. The interior includes two large, open spaces with high ceilings and natural light, providing flexible floor plan options. The property is located on Route 100, offering connections to I-95. The property has a parking lot that accommodates 15 or more vehicles, with two entrances for access. The building size is 2023 square feet, situated on a 0.66-acre lot. The property is zoned VCC, allowing for uses such as professional offices, veterinary care, fitness studios, catering, and daycare centers. Natural gas hookup is available at the street, and public sewer access may be available soon. The property is positioned for local and regional visibility.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Seymour Pet Bird ... (Bike/Boat/Book/etc) Store

    Suggested Use

    Restaurant Real Estate Agency Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hotel & Motel Auto Parts Store Department Store Kitchen & Bath Showroom Garden Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Cumberland
    County
    Cumberland
    State
    Maine
    Longitude
    -70.3147918
    Latitude
    43.8184739

    Nearby Similar for Sale

    • Contact for pricing
      7,200 SF

      Industrial Building with Redevelopment Potential

      7,200 SF industrial building on 5.1 AC lot.
      222 Gray Rd, Cumberland Center, ME 04021
      View Details
    • Contact for pricing
      2,110 SF

      Cumberland Retail/Restaurant Building For Sale

      Renovated 2,110 SF retail/restaurant building in Cumberland, Maine.
      137 Longwoods Rd, Cumberland, ME 04021
      View Details
    • Contact for pricing
      4,616 SF

      Turn Key Restaurant/Bar For Sale

      Turn-key restaurant/bar with recent updates, parking, and seating.
      319 Main St, Cumberland Center, ME 04021
      View Details

    FAQs

    What type of property is this?
    Retail space - Modern building with flexible layout, ideal for various businesses.
    Where is this retail space located?
    The property is located at 204 Gray Rd Cumberland, ME.
    What is the asking price?
    The asking price for this property is $940,000.
    What are key features of this property?
    This property features: - Prime commercial location on Route 100 with quick access to I-95, offering high visibility and regional connectivity.; - Modern building constructed in 2010 with durable materials and a well-maintained condition.; - Adaptable layout with two large, open spaces, high ceilings, and excellent natural light.
    (207) 523-0198
    Request Owner's contact information
    204 Gray Rd Cumberland, ME 04021
    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.
    204 Gray Rd
    Cumberland, ME 04021
    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
    204 Gray Rd Cumberland, ME 04021
    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

    We can help!
    Listing Contact
    Karen Edgcombe
    (207) 523-0198 (800) 971-8860 (207) 879-9800
    Learn more
    Google sign-in failed. Please try again or use another login method.