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    Scarborough Mixed-Use Property Title is generated by Realmo AI

    626 US Route 1, Scarborough, ME 04074

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    Claim this Listing
    For Sale
    $1,990,000

    COMMERCIAL - Scarborough, ME

    Property size:
    9,000 SF
    Lot size:
    2.60 Acres
    Price / SF:
    $221/SF
    Added:
    May 29, 2026
    Days on Market:
    10
    Last Refresh:
    Jun 7 at 1:06 am

    Property Features for 626 US Route 1

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    TVC
    Rooms
    Basement
    Basement
    Walk-Out Access, Finished, Full
    Standard status
    Active
    Size
    9,000 SF
    Lot size
    2.60 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    13940

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Heat Pump (Heating), Hot Water(Heating), Forced Air, Propane (Heating)
    Cooling system
    Heat Pump
    Water source
    Public

    Building Details

    Year built
    1750
    Flooring type
    Carpet, Wood, Heavy duty, Tile
    Building materials
    Wood Frame, Vinyl Siding
    Roof type
    Shingle

    We can help!

    Listing Contact
    Denise Swett

    Listing agent Denise Swett

    Listing office Coldwell Banker Realty 163 Fore St Ste B, Saco, ME

    Listing date May 29, 2026

    MLS# 1653624

    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.

    HighLights

    • 2. 6‑acre property with favorable TVC zoning, offering exceptional potential.
    • Boasting over 9,000 square feet of combined space, including a 3,500+ sq ft residence.
    • Attached professional wing with a separate entrance, ideal for offices.
    • Heated 40x32 garage and parking for 21+ vehicles.
    • Enjoy the in‑ground pool, wraparound deck, and sunroom.
    • Convenient location near Dunstan Corner with easy access.

    Overview

    Located in Scarborough, Maine, this mixed-use property offers potential for residential living, business use, or multiple revenue streams. Situated on 2.6 acres within the TVC zoning district, the property includes a 3,500+ square foot residence connected to a 2,500+ square foot professional wing, a 1,500+ square foot entertainment/tavern space, and a 1,500+ square foot finished basement, creating over 9,000 square feet of combined space. The main residence features living spaces and a sunroom overlooking the backyard, with access to a wraparound deck and in-ground pool. The attached professional wing, with its own entrance, is suited for professional offices, wellness services, or consulting space. The current owner is willing to lease back commercial space. Additional features include a heated 40x32 garage, a custom entertainment space with a bar and kitchenette, a fully finished walkout basement, and parking for 21+ vehicles. Located near Dunstan Corner, with access to the Maine Turnpike and Portland Jetport, the property combines privacy, visibility, and accessibility.

    Local Financial Insights For Apartment 5plus

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $286.2k $31.80
    − Vacancy −$17.2k −$1.91
    EGI $269.0k $29.89
    − OpEx −$121.1k −$13.45
    NOI $148.0k $16.44
    9,000 SF · lease $31.80/SF/yr · vacancy 6.00% · expense 45.00%

    Alternative Uses

    Best Use
    Apartment 5plus
    $2.11M
    $1.85M – $2.47M (±1% cap)
    NOI $147,965 @ 7.0% cap · market cap 7.44%
    Second Best
    Office B
    $1.84M
    $1.61M – $2.15M (±1% cap)
    NOI $128,845 @ 7.0% cap · market cap 6.47%
    Theoretical Best
    Office A
    $2.47M
    $2.16M – $2.89M (±1% cap)
    NOI $173,156 @ 7.0% cap · market cap 8.70%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Law Firm Real Estate Agency Restaurant Dental Office Spa & Massage Center Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Scarborough
    County
    Cumberland
    State
    Maine
    Longitude
    -70.388931
    Latitude
    43.568612

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    FAQs

    What type of property is this?
    Mixed-use property - Flexible property with residential, business, and entertainment spaces.
    Where is this mixed-use property located?
    The property is located at 626 US Route 1 Scarborough, ME.
    What is the asking price?
    The asking price for this property is $1,990,000.
    What are key features of this property?
    This property features: 2. 6‑acre property with favorable TVC zoning, offering exceptional potential.; Boasting over 9,000 square feet of combined space, including a 3,500+ sq ft residence.; Attached professional wing with a separate entrance, ideal for offices.
    (207) 210-7040
    We can help!
    Listing Contact
    Denise Swett
    Request Owner's contact information
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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.

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