Retail Space With Attached
For Sale
$250,000
335 Corinna Road, Dexter, ME 04930
Commercial Sale, Dexter, ME
Property Size2,500 SF
Lot Size1.10 Acres
Price / SF$100
Days on Market43
Property Features for 335 Corinna Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Lot features
Other Location, Public Transport Access, Business District, Near Shopping
Standard status
Active
Size
2,500 SF
Lot size
1.10 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
1493
Utilities
Sewer type
Private Sewer, Septic Tank
Heating system
Oil, Forced Air
Cooling system
Central Air
Water source
Well, Private
Building Details
Year built
1989
Flooring type
Carpet
Building materials
Wood Frame, Vinyl Siding
Roof type
Metal, Shingle
Listing Agency:
Berkshire Hathaway HomeServices Northeast Real Estate · Prudential Real Estate
(207) 942-8261
Listed By:
Elisha Hardy · License #BR915418
(207) 314-2574
Added: Jul 27
Changed: Sep 2
Last Checked: Sep 7 at 12:06PM
MLS# 1673653
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.
Investment Insights
Based on property information with market context.
This approximately 2,500-square-foot retail property sits on 1.1 acres and was built in 1989. The wood-frame building has vinyl siding, carpeted flooring, forced-air oil heat, central air, and an attached garage area with overhead doors. The garage can accommodate storage, deliveries, equipment, inventory, or additional workspace. Water is provided by a private well, with septic and private sewer systems serving the property.
Located at 335 Corinna Road in Dexter, the property fronts Route 7 and offers access to a visible commercial corridor. The interior was previously used as a physical therapy office and is currently occupied by an equestrian retail store. The layout is identified as suitable for retail, professional or medical office, wellness, pet care, veterinary-related, creative studio, and other service-based uses. The building and real estate are offered for sale; the current business and inventory are excluded.
Located at 335 Corinna Road in Dexter, the property fronts Route 7 and offers access to a visible commercial corridor. The interior was previously used as a physical therapy office and is currently occupied by an equestrian retail store. The layout is identified as suitable for retail, professional or medical office, wellness, pet care, veterinary-related, creative studio, and other service-based uses. The building and real estate are offered for sale; the current business and inventory are excluded.
Key Highlights
- Approximately 2,500 square feet on 1.1 acres
- Commercial zoning in Dexter, ME
- Fronts Route 7 at 335 Corinna Road
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$20,916
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.37%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$418,320
$418.3K
Cap Rate 7%
$298,800
$298.8K
Cap Rate 9%
$232,400
$232.4K
Market Conditions
NOI Build-Up for 2,500 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$36.0K $14.40/SF
− Vacancy
−$6.1K −$2.45/SF
EGI
$29.9K $11.95/SF
− OpEx
−$9.0K −$3.59/SF
NOI
$20.9K $8.37/SF
Area
Penobscot County, ME
Vacancy
17.00%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$418,320
Cap Rate 7%
$298,800
Cap Rate 9%
$232,400
Alternative Uses
Best Use
Office B
$504.9K
$441.8K – $589.0K
NOI $35,340 @ 7.0% cap · market cap 14.14%
Second Best
Healthcare Medical
$414.1K
$362.3K – $483.1K
NOI $28,987 @ 7.0% cap · market cap 11.59%
Theoretical Best
Office A
$807.4K
$706.5K – $942.0K
NOI $56,520 @ 7.0% cap · market cap 22.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
25
Businesses Nearby
Explore this area
Business Placement
Demographics for 04930, ME
4,287
Population
2,463
Households
1.7
Avg Household Size
48
Median Age
17%
College-Educated
92%
High-School Grad
60.3 sq mi
ZIP Area
71
Density / Sq Mi
$53,537
Median Household Income
$38,085
Median Earnings
$891
Median Rent
$159,200
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail space - Commercially zoned property with central air and a layout previously used for physical therapy.
Where is this retail space located?
The property is located at 335 Corinna Road Dexter, ME.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Approximately 2,500 square feet on 1.1 acres; Commercial zoning in Dexter, ME; Fronts Route 7 at 335 Corinna Road
