Mixed-Use Property with
For Sale
$1,795,000
1 Fieldstone Estates Road, York, ME 03909
Commercial Sale, York, ME
Property Size8,400 SF
Lot Size2.02 Acres
Price / SF$213.69
Days on Market90
Property Features for 1 Fieldstone Estates Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Rt 1-3
Interior features
Storage
Lot features
Near Turnpike/ Interstate, Near Airport, Business District, Near Shopping
Standard status
Active
Size
8,400 SF
Lot size
2.02 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
7651
Utilities
Sewer type
Septic Tank, Public Sewer
Heating system
Propane (Heating), Wood Stove, Natural Gas, Forced Air, Wood
Cooling system
Central Air
Water source
Public
Building Details
Year built
1998
Flooring type
Concrete, Carpet, Wood, Tile
Building materials
Wood Frame, Clapboard, Vinyl Siding
Roof type
Shingle
Additional Structures
Storage
Listing Agency:
Gosselin Realty Group
(207) 363-2414
Listed By:
Gregory Gosselin
(207) 752-2353
Added: Jun 15
Changed: Sep 2
Last Checked: Sep 12 at 10:06AM
MLS# 1667105
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.
Constructed in 1998, this 8,400-square-foot mixed-use property on 2.02 acres combines business and residential functions within one facility. The first floor contains four workshop or commercial areas plus a shipping and receiving bay with oversized garage-door access. Three-phase power, municipal water, central air conditioning, and a buried 500-gallon propane tank support a range of operational needs. An upper-level loading door with a half-ton chain hoist connects the floors for equipment and material handling.
The residential portion includes a full kitchen, several living areas, three bedrooms, two full bathrooms, laundry facilities, and adaptable office or workspace areas. The second-floor framing was designed for approximately 150 pounds per square foot, supporting storage, equipment, inventory, studio use, or other documented functions. A detached four-car garage adds storage and vehicle capacity. The property is located on Route 1 in York and is zoned Rt 1-3. Seller leaseback is planned until new construction is completed in Spring 2027.
The residential portion includes a full kitchen, several living areas, three bedrooms, two full bathrooms, laundry facilities, and adaptable office or workspace areas. The second-floor framing was designed for approximately 150 pounds per square foot, supporting storage, equipment, inventory, studio use, or other documented functions. A detached four-car garage adds storage and vehicle capacity. The property is located on Route 1 in York and is zoned Rt 1-3. Seller leaseback is planned until new construction is completed in Spring 2027.
Key Highlights
- 8,400 SF mixed‑use property on 2.02 acres in York
- Four first‑floor workshop or commercial spaces with shipping and receiving bay
- Three‑phase power, municipal water, central air, and buried 500‑gallon propane tank
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
$137,592
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
7.67%
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%
$2,751,840
$2.8M
Cap Rate 7%
$1,965,600
$2.0M
Cap Rate 9%
$1,528,800
$1.5M
Market Conditions
NOI Build-Up for 8,400 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
$209.7K $24.96/SF
− Vacancy
−$26.2K −$3.12/SF
EGI
$183.5K $21.84/SF
− OpEx
−$45.9K −$5.46/SF
NOI
$137.6K $16.38/SF
Area
York County, ME
Vacancy
12.50%
Lease Rate
$24.96 /SF/Yr
Expense Ratio
25.00%
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%
$2,751,840
Cap Rate 7%
$1,965,600
Cap Rate 9%
$1,528,800
Alternative Uses
Best Use
Office B
$1.97M
$1.72M – $2.29M
NOI $137,592 @ 7.0% cap · market cap 7.67%
Second Best
Flex RnD
$1.68M
$1.47M – $1.96M
NOI $117,755 @ 7.0% cap · market cap 6.56%
Theoretical Best
Office A
$2.66M
$2.33M – $3.11M
NOI $186,393 @ 7.0% cap · market cap 10.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Drive-in doors
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
176
Businesses Nearby
Explore this area
Business Placement
Demographics for 03909, ME
10,938
Population
7,101
Households
1.5
Avg Household Size
53
Median Age
50%
College-Educated
98%
High-School Grad
35.2 sq mi
ZIP Area
311
Density / Sq Mi
$108,889
Median Household Income
$55,540
Median Earnings
$1,438
Median Rent
$589,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Adaptable Route 1 facility combines commercial work areas, residential accommodations, loading infrastructure, and detached vehicle storage.
Where is this mixed-use property located?
The property is located at 1 Fieldstone Estates Road York, ME.
What is the asking price?
The asking price for this property is $1,795,000.
What are key features of this property?
This property features: 8,400 SF mixed‑use property on 2.02 acres in York; Four first‑floor workshop or commercial spaces with shipping and receiving bay; Three‑phase power, municipal water, central air, and buried 500‑gallon propane tank
