Convenience Store and Gas
For Sale
$525,000
130 Wardtown Road, Freeport, ME 04032
Commercial Sale, Freeport, ME
Property Size2,400 SF
Lot Size3.10 Acres
Price / SF$218.75
Days on Market171
Property Features for 130 Wardtown Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
CM05
Rooms
Basement
Parking features
Off Street
Basement
Unfinished
Standard status
Active
Size
2,400 SF
Lot size
3.10 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
3659
Utilities
Sewer type
Septic Tank, Private Sewer
Heating system
Propane (Heating)
Water source
Well, Private
Amenities
full-service deli
walk-in coolers
Building Details
Year built
1975
Flooring type
Wood
Building materials
Wood Frame, Log Siding, Wood Siding
Roof type
Metal
Listing Agency:
Fontaine Family-The Real Estate Leader
(207) 784-3800
Listed By:
Chad Doucette
(207) 357-3778
Added: Apr 10
Changed: Sep 12
Last Checked: Sep 27 at 1:06PM
MLS# 1657092
Copyright © 2026 Maine Listings. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 2,400-square-foot convenience store and fuel property occupies a 3.1-acre corner parcel at 130 Wardtown Road. The 1975 building includes a full-service deli, walk-in coolers, display and storage areas, a basement, and wood flooring. Multiple fuel pumps serve the gas station component, while off-street parking supports customer and delivery activity.
The property is near I-295 and downtown Freeport, Maine, providing access for local customers and travelers. CM05 zoning is in place. Building systems and site infrastructure include a metal roof, wood-frame construction with log and wood siding, propane heat, private well water, and septic service.
The property is near I-295 and downtown Freeport, Maine, providing access for local customers and travelers. CM05 zoning is in place. Building systems and site infrastructure include a metal roof, wood-frame construction with log and wood siding, propane heat, private well water, and septic service.
Key Highlights
- 2,400‑square‑foot convenience store and gas station on 3.1 acres
- Multiple fuel pumps with off‑street parking
- Full‑service deli, walk‑in coolers, display areas, and storage
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$26,892
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.12%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$537,840
$537.8K
Cap Rate 7%
$384,171
$384.2K
Cap Rate 9%
$298,800
$298.8K
Market Conditions
NOI Build-Up for 2,400 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$43.2K $18.00/SF
− Vacancy
−$7.3K −$3.06/SF
EGI
$35.9K $14.94/SF
− OpEx
−$9.0K −$3.74/SF
NOI
$26.9K $11.21/SF
Area
Cumberland County, ME
Vacancy
17.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$537,840
Cap Rate 7%
$384,171
Cap Rate 9%
$298,800
Alternative Uses
Best Use
Specialty Retail
$384.2K
$336.2K – $448.2K
NOI $26,892 @ 7.0% cap · market cap 5.12%
Second Best
Retail
$358.6K
$313.7K – $418.3K
NOI $25,099 @ 7.0% cap · market cap 4.78%
Theoretical Best
Office A
$659.6K
$577.2K – $769.6K
NOI $46,175 @ 7.0% cap · market cap 8.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Turnkey business
Opportunity
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
13
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 04032, ME
8,737
Population
4,133
Households
2.1
Avg Household Size
47
Median Age
57%
College-Educated
94%
High-School Grad
34.7 sq mi
ZIP Area
252
Density / Sq Mi
$108,864
Median Household Income
$48,222
Median Earnings
$1,436
Median Rent
$445,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Corner-site retail property with deli service, coolers, fuel pumps, and off-street parking.
Where is this grocery and convenience store located?
The property is located at 130 Wardtown Road Freeport, ME.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: 2,400‑square‑foot convenience store and gas station on 3.1 acres; Multiple fuel pumps with off‑street parking; Full‑service deli, walk‑in coolers, display areas, and storage
