Mixed-Use Property with
For Sale
$695,000
90 Us Route 1, York, ME 03909
Retail and residential components occupy separate levels with dedicated apartment utilities.
Property Size3,948 SF
Days on Market913
Property Features for 90 Us Route 1
General Information
Standard status
Active
Size
3,948 SF
Property subtype
Commercial
Zoning
RT1-2
Taxes and HOA fees
Annual Taxes
$5,188
Building Details
Building Size
3,948 SF
Year Built
1987
Stories
3
Listing Agency:
Keller Williams Coastal and Lakes & Mountains Realty
(207) 351-8188
Listed By:
Troy Williams
(207) 351-8188
Source:
Startpoint
Added: Feb 21, 2024
Changed: Aug 17
Last Checked: Aug 21 at 2:19PM
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 Keller Williams Coastal and Lakes & Mountains Realty
Investment Insights
Based on property information with market context.
This mixed-use property combines approximately 3000 sq ft of main-floor commercial space with a second-floor two-bedroom apartment. The commercial level has recently served as a retail showroom and includes access to the rear parking area. An unfinished lower level of approximately 3000 sq ft provides additional storage or workspace, along with a half bath, side ground-floor access, and a large double door for equipment movement.
The property is positioned on US Route 1 in York, near the Kittery line, with reported daily traffic of 18,000 cars. A two-entrance driveway connects to the route, and 25 parking spaces are available on site. The apartment has a private entrance and dedicated heat and electric, with potential for owner occupancy or leasing. Zoning is RT1-2, and the building was constructed in 1987.
The property is positioned on US Route 1 in York, near the Kittery line, with reported daily traffic of 18,000 cars. A two-entrance driveway connects to the route, and 25 parking spaces are available on site. The apartment has a private entrance and dedicated heat and electric, with potential for owner occupancy or leasing. Zoning is RT1-2, and the building was constructed in 1987.
Key Highlights
- Approximately 3000 sq ft of main‑floor commercial space
- Approximately 3000 sq ft unfinished lower level with half bath and large double door
- Second‑floor 2‑bedroom apartment with private entrance and dedicated heat and electric
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
$49,034
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
7.06%
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%
$980,680
$980.7K
Cap Rate 7%
$700,486
$700.5K
Cap Rate 9%
$544,822
$544.8K
Market Conditions
NOI Build-Up for 3,948 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
$85.3K $21.60/SF
− Vacancy
−$6.8K −$1.73/SF
EGI
$78.5K $19.87/SF
− OpEx
−$29.4K −$7.45/SF
NOI
$49.0K $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 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%
$980,680
Cap Rate 7%
$700,486
Cap Rate 9%
$544,822
Alternative Uses
Best Use
Mixed Use
$700.5K
$612.9K – $817.2K
NOI $49,034 @ 7.0% cap · market cap 7.06%
Second Best
Retail
$684.9K
$599.3K – $799.1K
NOI $47,944 @ 7.0% cap · market cap 6.90%
Theoretical Best
Office A
$1.25M
$1.10M – $1.46M
NOI $87,605 @ 7.0% cap · market cap 12.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
98
Businesses Nearby
6k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 100%
Aroma Joe's
Dining
5,864 visits/mo
0.3 miles
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 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?
Mixed-use property - Retail and residential components occupy separate levels with dedicated apartment utilities.
Where is this mixed-use property located?
The property is located at 90 Us Route 1 York, ME.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: Approximately 3000 sq ft of main‑floor commercial space; Approximately 3000 sq ft unfinished lower level with half bath and large double door; Second‑floor 2‑bedroom apartment with private entrance and dedicated heat and electric
