Convenience Store
1478 Maine Street, Poland, ME 04274
For Sale
$1,700,000
The 2022-built property occupies a commercial-zoned site on Maine Street.
Property Size10,336 SF
Price / SF$164.47
Days on Market272
Property Features for 1478 Maine Street
General Information
Standard status
Size
Property subtype
Zoning
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Stories
Listing Agency:
NextHome Experience
(207) 573-7400
Listed By:
Lisa Caron · License ME BR924778
(207) 745-5568
Source:
Integrityhomesrealestategroup
Added: Feb 16
Changed: Nov 11
Last Checked: Nov 13 at 7:42PM
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 NextHome Experience
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Investment Insights
Based on property information with market context.
This grocery and convenience store property contains 10,336 square feet and was built in 2022. The site is zoned commercial and is located at 1478 Maine Street in Poland, Maine.
Key Highlights
- 10,336‑square‑foot grocery and convenience property
- Built in 2022
- Commercial zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$108,094
Cap Rate
6.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,161,880
$2.2M
Cap Rate 7%
$1,544,200
$1.5M
Cap Rate 9%
$1,201,044
$1.2M
Market Conditions
NOI Build-Up for 10,336 SF
Gross rent
$186.0K $18.00/SF
− Vacancy
−$31.6K −$3.06/SF
EGI
$154.4K $14.94/SF
− OpEx
−$46.3K −$4.48/SF
NOI
$108.1K $10.46/SF
Area
Androscoggin County, ME
Vacancy
17.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,161,880
Cap Rate 7%
$1,544,200
Cap Rate 9%
$1,201,044
Alternative Uses
Best Use
Retail
$1.54M
$1.35M – $1.80M
NOI $108,094 @ 7.0% cap · market cap 6.36%
Second Best
Specialty Retail
$1.19M
$1.04M – $1.39M
NOI $83,387 @ 7.0% cap · market cap 4.91%
Theoretical Best
Office A
$3.21M
$2.81M – $3.75M
NOI $225,026 @ 7.0% cap · market cap 13.24%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
57
Businesses Nearby
43k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 43%
Shops & Services 34%
Dining 23%
Hannaford
Groceries
18,241 visits/mo
0.3 miles
Dunkin' Donuts
Dining
9,738 visits/mo
0.5 miles
Citgo
Shops & Services
7,550 visits/mo
0.1 miles
Dollar General
Shops & Services
7,141 visits/mo
0.1 miles
Demographics for 04274, ME
5,906
Population
2,794
Households
2.1
Avg Household Size
45
Median Age
29%
College-Educated
98%
High-School Grad
42.2 sq mi
ZIP Area
140
Density / Sq Mi
$94,625
Median Household Income
$50,040
Median Earnings
$1,149
Median Rent
$280,300
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
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - The 2022-built property occupies a commercial-zoned site on Maine Street.
Where is this grocery and convenience store located?
The property is located at 1478 Maine Street Poland, ME.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: 10,336‑square‑foot grocery and convenience property; Built in 2022; Commercial zoning
