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    208 New Road Arundel, ME 04046

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    Claim this Listing
    For Sale
    $519,000

    COMMERCIAL - Arundel, ME

    Property size:
    1,857 SF
    Lot size:
    1.23 Acres
    Added:
    Mar 27, 2026
    Days on Market:
    22
    Last Refresh:
    Apr 17 at 9:06 pm

    Property Features for 208 New Road

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    ARD
    Parking features
    Off Street
    Interior features
    Storage
    Standard status
    Active
    Size
    1,857 SF
    Lot size
    1.23 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    3499

    Utilities

    Sewer type
    Private Sewer, Septic Tank
    Heating system
    Wood Stove, Wood
    Cooling system
    Wall/Window Unit(s), Window Unit(s)
    Water source
    Private, Well

    Building Details

    Year built
    1988
    Flooring type
    Laminate, Vinyl, Wood
    Building materials
    Wood Siding, Log Siding, Wood Frame
    Roof type
    Shingle
    Additional Structures
    Storage

    We can help!

    Listing Contact
    Heidi Buda
    Heidi Buda

    Listing agent Heidi Buda

    Listing office EXP Realty 41 Hutchins Drive Building 3, Rangeley, ME

    Listing date Mar 27, 2026

    MLS# 1622596

    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.

    Overview

    Arundel Commercial Property with Living Space

    This residential/commercial zoned property is situated in a high-traffic area in Arundel, offering excellent visibility and accessibility with ample parking. The property has operated as a well-known family business for the past 5 decades, serving the community with fresh seafood and wild meat cutting/tagging services. The sellers are willing to provide training, supplier contacts, and the existing staff are available to continue the business. Above the business space is a 2-bedroom, 1-bath living space featuring a woodstove and a private outdoor seating area. Additional features include an attached 2-car garage, a shed, and a large 24x36 metal garage for storage. The 1.23-acre lot offers potential to add an ADU for added income. The property is located 5 minutes from I95 and 20 minutes from Portland. The property includes 1857 square feet of space. It is located in Arundel, ME. The property could be converted into a multi-family or single-family home.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Grocery and convenience stores

    Suggested Use

    Restaurant Spa & Massage Center Hair Salon Auto Repair Shop Dental Office Auto Parts Store Nail Salon Hotel & Motel Pharmacy Department Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Arundel
    County
    York
    State
    Maine
    Longitude
    -70.5288636
    Latitude
    43.4721666

    Nearby Similar for Sale

    • $519,000
      1,857 SF

      Arundel Mixed-Use Income Property

      Turn-key commercial and residential property in high-traffic Arundel location.
      208 New Road, Arundel, ME 04046
      View Details
    • $1,750,000
      12,256 SF

      Retail/Warehouse Building on 12 Acres

      Retail/warehouse building, greenhouses, and home on 12 acres.
      670 Alfred Street, Arundel, ME
      View Details

    FAQs

    What type of property is this?
    Grocery and convenience store - Turn-key commercial property with living space in high-traffic area.
    Where is this grocery and convenience store located?
    The property is located at 208 New Road Arundel, ME.
    What is the asking price?
    The asking price for this property is $519,000.
    What are key features of this property?
    This property features: Turn‑key, fully equipped commercial property in a high‑traffic location with excellent visibility and accessibility.; Includes a well‑established business opportunity with potential for continued operation, training, and existing supplier contacts.; Features a charming **2‑bedroom, 1‑bath living space** above the business with a **private outdoor seating area and top‑of‑the‑line woodstove.**
    (207) 286-4403
    We can help!
    Listing Contact
    Heidi Buda
    Heidi Buda
    Learn More
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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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