Sign Up Successful!
You now have access to more from Realmo!
    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

    1840 S 1St St York, ME 03902

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $950,000

    Residential development site in Southern Maine near beaches.

    Property size:
    37 SF
    Lot size:
    37.37 Acres

    Property Features for 1840 S 1St St

    General Information

    Size
    37 SF
    Lot size
    37.37 Acres

    We can help!

    Listing Contact
    Marc Brunelle
    Marc Brunelle
    Source: Svn

    Listing Agent: Marc Brunelle

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

    Learn more

    Property Insight Report

    Overview

    Residential Development Site in Maine

    This residential development site is located on the westerly side of Route 1 near the York/Ogunquit town line in Southern Maine. The area offers a vibrant business community and convenient access to nearby beaches and popular destinations like York Beach, Nubble Lighthouse, and Ogunquit. The property is located in a highly desirable area for vacation or seasonal homes. The site is 37 acres and has flexible zoning Rte1-6 (Rural Mixed Use). The location provides a balance of work and leisure and is an ideal setting for high end homes. There is potential for cluster sub-division. The property is located along Route 1.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Realty agency Restaurant Law Firm Dental Office Building Supply Auto Repair Shop Accounting Firm Department Store Bar & Pub Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    York
    County
    York
    State
    Maine
    Longitude
    -70.62687
    Latitude
    43.1531

    Nearby Similar for Sale

    • $898,000
      1,066 SF

      Two Cottages Steps From Beach

      Two updated cottages near the beach with investment potential.
      15 Summer Breeze Unit A & B, York, ME 03909
      View Details
    • $959,900
      2,000 SF

      High Visibility Commercial Property on Route 1

      Turnkey auto dealership on Route 1 with high traffic visibility.
      1100 Rte U.S, York, ME 03909
      View Details
    • $159,000
      441 SF

      York Village Commercial Condo For Sale

      Commercial condo in historic York Village, ideal for retail or office.
      298 York St, York, ME 03909
      View Details
    • $109,000
      302 SF

      York Village Commercial Condo Unit

      Commercial condo in historic York Village, suitable for various businesses.
      298 York St, York, ME 03909
      View Details
    • New
      $799,000
      2,427 SF

      Classic York Duplex on Route 1

      Charming duplex in York, near beaches and coastal attractions.
      1327 S 1St St, York, ME 03902
      View Details
    • $549,000
      1,736 SF

      Versatile Commercial Condo Unit

      Commercial condo with office, retail, and garage functionality in York.
      5 Vlg Park Dr, York, ME 03909
      View Details
    • $1,899,500
      6,232 SF

      Mixed-Use Property on Route 1

      High-end live-work property with retail/office space and luxury residence.
      1376 Us Route 1, York, ME 03909
      View Details
    • $1,400,000
      10,641 SF

      Mixed-Use Retail and Residential Investment

      Mixed-use retail and residential investment property on Route One.
      746 Us Route 1, York, ME 03909
      View Details
    • $385,000
      3,125 SF

      Route One York Commercial Condo

      Prime Location, Versatile Space, High Traffic
      433 Rte, York, ME 03909
      View Details
    • $3,250,000
      5,400 SF

      Prime York, ME Retail Property

      Thriving Garden Center on 17 Acres
      941 Us Route 1, York, ME 03909
      View Details
    • Contact for pricing
      6,120 SF

      York Office Space: Prime Location

      6,120 SF Office, High Visibility, Ample Parking
      16 Long Sands Rd, York, ME 03909
      View Details
    • $1,400,000

      Prime York, ME Mixed-Use Property

      Route 1 Retail, Office & Apartment
      746 Us-1, York, ME 03909
      View Details

    FAQs

    What type of property is this?
    Land - Residential development site in Southern Maine near beaches.
    Where is this land located?
    The property is located at 1840 S 1St St York, ME.
    What is the asking price?
    The asking price for this property is $950,000.
    What are key features of this property?
    This property features: - Highly desirable area for vacation or seasonal homes in Southern Maine.; - Prime location on Route 1 near York/Ogunquit town line.; - Proximity to York Beach, Nubble Lighthouse, and Ogunquit.
    (833) 746-6479
    Request Owner's contact information
    1840 S 1St St York, ME 03902
    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.
    1840 S 1St St
    York, ME 03902
    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
    1840 S 1St St York, ME 03902
    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
    Marc Brunelle
    Marc Brunelle
    Real Estate License ID: #BA919174
    (833) 746-6479
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.