Mixed-Use Property with
1298 Alfred Road, Arundel, ME 04046
For Sale
$450,000
The property combines office or retail space with a standalone ATM subject to a five-year seller leaseback.
Property Size3,282 SF
Price / SF$137.11
Days on Market674
Property Features for 1298 Alfred Road
General Information
Standard status
Size
Property subtype
Zoning
Additional Details
Property Use
Taxes and HOA fees
Annual Taxes
Amenities
stand-alone ATM
Building Details
Building Size
Year Built
Listing Agency:
The Dunham Group
(207) 773-7100
Listed By:
Samuel Legeyt · License ME BR926417
(207) 653-6904
Source:
Integrityhomesrealestategroup
Added: Jan 10, 2025
Changed: Nov 12
Last Checked: Nov 13 at 6:39PM
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 The Dunham Group
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Investment Insights
Based on property information with market context.
Located at 1298 Alfred Road in Arundel, this 3,282± SF property is classified as mixed-use and can accommodate office or retail space. The building was constructed in 1994 and carries R-4 zoning.
A standalone ATM is included in a seller leaseback planned for five years. The ATM generates more than 1,500 transactions per month.
A standalone ATM is included in a seller leaseback planned for five years. The ATM generates more than 1,500 transactions per month.
Key Highlights
- 3,282± SF of office or retail space
- Seller leaseback planned for the standalone ATM for 5 years
- ATM generates over 1,500 transactions per month
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,762
Cap Rate
9.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$815,240
$815.2K
Cap Rate 7%
$582,314
$582.3K
Cap Rate 9%
$452,911
$452.9K
Market Conditions
NOI Build-Up for 3,282 SF
Gross rent
$70.9K $21.60/SF
− Vacancy
−$5.7K −$1.73/SF
EGI
$65.2K $19.87/SF
− OpEx
−$24.5K −$7.45/SF
NOI
$40.8K $12.42/SF
Area
York County, ME
Vacancy
8.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$815,240
Cap Rate 7%
$582,314
Cap Rate 9%
$452,911
Alternative Uses
Best Use
Mixed Use
$582.3K
$509.5K – $679.4K
NOI $40,762 @ 7.0% cap · market cap 9.06%
Second Best
Retail
$569.4K
$498.2K – $664.3K
NOI $39,856 @ 7.0% cap · market cap 8.86%
Theoretical Best
Office A
$1.04M
$910.3K – $1.21M
NOI $72,826 @ 7.0% cap · market cap 16.18%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
15
Businesses Nearby
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Business Placement
Demographics for 04046, ME
7,893
Population
4,740
Households
1.7
Avg Household Size
51
Median Age
41%
College-Educated
98%
High-School Grad
44.4 sq mi
ZIP Area
178
Density / Sq Mi
$99,861
Median Household Income
$43,000
Median Earnings
$1,250
Median Rent
$559,900
Median Home Value
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Market
Average Price Trend$/SF for Mixed-use properties in York County, ME
Properties on Market for Mixed-use properties in York County
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The property combines office or retail space with a standalone ATM subject to a five-year seller leaseback.
Where is this mixed-use property located?
The property is located at 1298 Alfred Road Arundel, ME.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: 3,282± SF of office or retail space; Seller leaseback planned for the standalone ATM for 5 years; ATM generates over 1,500 transactions per month
