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

    Us Route 1 Freeport, ME 04032

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $1.00 SF/Yr

    37.9+/- acre commercial development with build-to-suit sites available.

    Lot size:
    37.90 Acres

    Property Features for Us Route 1

    General Information

    Lot size
    37.90 Acres

    We can help!

    Listing Contact
    Joseph Malone
    Joseph Malone
    Source: Moodyscre

    Listing Agent: Joseph Malone

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

    Learn more

    Overview

    Commercial Development Land For Rent

    This commercial development opportunity features 37.9+/- acres available for rent. Build-to-suit sites can accommodate businesses from 2,500+/- up to 40,000+/- square feet. The site offers public water and sewer services, along with underground power, cable, and telephone utilities. The commercial campus concept is suitable for a wide range of tenant needs. The location is situated between I-295 Exits 17 and 20, with traffic counts of 9,550+/- cars per day on US Route One and 25,000+/- cars per day on I-295.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Freeport
    County
    Cumberland
    State
    Maine
    Longitude
    -70.10556
    Latitude
    43.855638

    Nearby Similar for Lease

    • Contact for pricing
      3,850 SF

      Freeport Village Retail Space

      Retail spaces available in Freeport Village Station shopping center.
      1 Freeport Village Sta, Freeport, ME 04032
      View Details
    • $25 SF/Yr
      45,829 SF

      Freeport Retail Space Available

      4,300 SF prime retail space in Freeport, ME
      9 Bow St, Freeport, ME 04032
      View Details
    • $12 SF/Yr
      13,259 SF

      Move-in Ready Freeport Office Space

      Office space with open layout, modern systems, and included utilities.
      2 Stonewood Dr, Freeport, ME 04032
      View Details
    • $25 SF/Yr
      4,300 SF

      Freeport Village Retail Space

      4,300 SF retail space in the heart of Freeport Village.
      9 Bow St, Freeport, ME 04032
      View Details
    • Contact for pricing
      122,121 SF

      Freeport Retail Space Available

      Prime Freeport location, multiple units.
      1 Freeport Village Sta, Freeport, ME 04032
      View Details
    • $35 SF/Yr
      4,590 SF

      Main Street Office Building For Rent

      4,590± SF office building on heavily trafficked Main Street.
      135 Main St, Freeport, ME 04032
      View Details
    • $20 SF/Yr
      5,540 SF

      Prime Retail Space on Main

      Retail space in a sought-after shopping area.
      42 Main St, Freeport, ME 04032
      View Details
    • $1,270 /Mo
      1,089 SF

      Route One Office Space Available

      Second floor office space on Route One, Freeport, Maine.
      208 Us Route 1, Freeport, ME 04032
      View Details

    FAQs

    What type of property is this?
    Land - 37.9+/- acre commercial development with build-to-suit sites available.
    Where is this land located?
    The property is located at Us Route 1 Freeport, ME.
    What is the lease rate?
    The lease rate is $1.00 SF/Yr.
    What are key features of this property?
    This property features: - Prime location between I-295 Exits 17 and 20 with high traffic counts.; - 37.9+/- acre new commercial development.; - Build-to-suit sites available from 2,500+/- up to 40,000+/- SF.
    (207) 772-2422
    Request Owner's contact information
    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.
    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
    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 Malone
    Joseph Malone
    (207) 772-2422
    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.