Add Listing
    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

    176 Us Route 1 Freeport, ME 04032

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $675,000

    Prime Freeport location, 3,380 sq ft, 1-acre lot.

    Property size:
    3,380 SF

    Property Features for 176 Us Route 1

    General Information

    Property type
    Mixed-use properties
    Square Feet
    3,380 SF
    Lot Size
    43,560 SF

    Building Details

    Year Built
    1850

    We can help!

    Listing Contact
    Joseph Atwood

    Listing Agency: The Dunham Group Listing Agent: Joseph Atwood

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    This exceptional mixed-use property, located at 176 US Route 1 in Freeport, Maine, presents a unique investment opportunity. The building encompasses a substantial 3,380 square feet of space, offering versatile potential for a variety of commercial ventures. Situated on a full acre of land, the property provides ample room for expansion, outdoor seating, or additional parking. Its prime location on US Route 1 ensures high visibility and accessibility, attracting significant foot traffic and convenient access for customers. The building's mixed-use zoning allows for a range of business possibilities, making it ideal for entrepreneurs seeking a blend of retail, office, or other compatible uses. The asking price of $675,000 reflects the property's significant potential for return on investment. This is a rare opportunity to acquire a well-situated, sizable commercial property in the thriving town of Freeport, known for its vibrant community and strong economic base. The property's size and location make it an attractive prospect for both established businesses seeking to expand and new ventures looking for a strong foothold in a desirable market. Serious inquiries are encouraged to explore the possibilities this exceptional property offers. Don't miss this chance to own a piece of Freeport's commercial landscape.
    Property Profile Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Gym & Fitness Center Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Freeport
    County
    Cumberland
    State
    Maine
    Longitude
    -70.1423
    Latitude
    43.82094

    Nearby Similar for Sale

    • $765,000
      3,718 SF

      Versatile Freeport Residence with Business Potential

      Spacious residence with business potential in a prime location.
      10 Durham Rd, Freeport, ME 04032
      View Details
    • $1,575,000
      5,439 SF

      Freeport Bed and Breakfast Inn

      Charming 7-room B&B with modern owner's home in Freeport, Maine.
      11 Holbrook St, Freeport, ME 04032
      View Details
    • New
      $525,000
      1,799 SF

      Freeport Convenience Store & Gas

      Turnkey convenience store and gas station on a prime corner lot.
      130 Wardtown Rd, Freeport, ME 04032
      View Details
    • $1,575,000
      5,439 SF

      Freeport Inn: Charming B&B Opportunity

      Historic Inn & Modern Home, Prime Freeport Location
      11 Holbrook St, Freeport, ME 04032
      View Details
    • $1,575,000
      5,439 SF

      Charming Freeport Inn - Turnkey Operation

      Historic Maine Inn, 7 rooms, 10 beds
      11 Holbrook St, Freeport, ME 04032
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Prime Freeport location, 3,380 sq ft, 1-acre lot.
    Where is this mixed-use property located?
    The property is located at 176 Us Route 1 Freeport, ME.
    What is the asking price?
    The asking price for this property is $675,000.
    (207) 773-7100
    Request Owner's contact information
    176 Us Route 1 Freeport, ME 04032
    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.
    176 Us Route 1
    Freeport, ME 04032
    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
    176 Us Route 1 Freeport, ME 04032
    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
    Joseph Atwood
    (207) 773-7100
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!