Building Details

Building Size 2,005 SF

Year Built 2025

Listed By: Dan Amero Show Phone

Source: Amerorealty

Added: Jun 16, 2025 Changed: Oct 31 Last Checked: Oct 31 at 2:15PM

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Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Dan Amero

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Investment Insights

Based on property information with market context.

This 2,005-square-foot commercial condominium is configured as an end unit, with office, showroom, or retail space on the main level and a shop area below. The lower-level garage measures approximately 1,000 square feet and has a high door, elevated ceilings, and access to rear parking. Construction is underway, with interior selections still available. The property is zoned CD-4 and has a 2025 year built designation.

At 1132 US Route One in York, the unit is described as close to major highways and residential communities. Its combination of front-of-house space and garage functionality supports a range of commercial operations within one unit.

Key Highlights

• End‑unit commercial condominium with 2,005 square feet
• Approximately 1,000‑square‑foot lower‑level garage
• Main level offers office, showroom, or retail configuration

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$28,107

Cap Rate

4.20%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$562,140 $562.1K

Cap Rate 7%

$401,529 $401.5K

Cap Rate 9%

$312,300 $312.3K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,005 SF

Gross rent

$44.0K $21.96/SF

− Vacancy

−$788 −$0.39/SF

EGI

$43.2K $21.57/SF

− OpEx

−$15.1K −$7.55/SF

NOI

$28.1K $14.02/SF

Area

York County, ME

Vacancy

1.79%

Lease Rate

$21.96 /SF/Yr

Expense Ratio

35.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$562,140

Cap Rate 7%

$401,529

Cap Rate 9%

$312,300

Alternative Uses

Best Use

Flex RnD

$401.5K

$351.3K – $468.5K (±1% cap)

NOI $28,107 @ 7.0% cap · market cap 4.20%

Second Best

Warehouse

$358.7K

$313.8K – $418.4K (±1% cap)

NOI $25,106 @ 7.0% cap · market cap 3.75%

Theoretical Best

Office A

$635.6K

$556.1K – $741.5K (±1% cap)

NOI $44,490 @ 7.0% cap · market cap 6.65%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Flex space

Suggested Use

Top Pick Building Supply Auto Repair Shop (Bike/Boat/Book/etc) Store Garden Center Locksmith Pharmacy

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

78

Businesses Nearby

Well-served

Demand for This Use

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

Market

Vacancy Rate% for Industrial in Northeast region

5.4% 2019

4.6% 2020

3.2% 2021

3.3% 2022

5.3% 2023

6.6% 2024

7.6% 2025

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Frequently Asked Questions

What type of property is this?

Flex space - A two-level plan combines client-facing space with a lower shop area and rear parking access.

Where is this flex space located?

The property is located at 1132 Us Route One #15 York, ME.

What is the asking price?

The asking price for this property is $669,000.

What are key features of this property?

This property features: End‑unit commercial condominium with 2,005 square feet; Approximately 1,000‑square‑foot lower‑level garage; Main level offers office, showroom, or retail configuration