Mixed-Use Property with
For Sale
$435,000
1306 Alfred Road, Arundel, ME 04046
The property pairs residential space with two commercial buildings along Route 111.
Property Size2,684 SF
Price / SF$162.07
Days on Market1117
Property Features for 1306 Alfred Road
General Information
Standard status
Active
Size
2,684 SF
Property subtype
Commercial
Zoning
R-4
Site & Location
Road Access
Yes
Mixed-Use Components
retail, residential
Taxes and HOA fees
Annual Taxes
$2,544
Building Details
Building Size
2,684 SF
Year Built
1940
Buildings
3
Listing Agency:
Malone Commercial Brokers, Inc.
Listed By:
Karen Rich · License #ME 900465
(207) 772-2422
Source:
Amerorealty
Added: Oct 12, 2023
Changed: Oct 31
Last Checked: Oct 31 at 2:14PM
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 Malone Commercial Brokers, Inc.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This mixed-use property includes a 1,566± SF former restaurant, a 606± SF single-family home and a 512± SF commercial building. The three structures combine residential and commercial space on one property.
The property is located on Route 111, has on-site parking and is zoned R-4. The listed year built is 1940.
The property is located on Route 111, has on-site parking and is zoned R-4. The listed year built is 1940.
Key Highlights
- 1,566± SF former restaurant
- 606± SF single‑family home
- 512± SF commercial building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,335
Cap Rate
7.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$666,700
$666.7K
Cap Rate 7%
$476,214
$476.2K
Cap Rate 9%
$370,389
$370.4K
Market Conditions
NOI Build-Up for 2,684 SF
Gross rent
$58.0K $21.60/SF
− Vacancy
−$4.6K −$1.73/SF
EGI
$53.3K $19.87/SF
− OpEx
−$20.0K −$7.45/SF
NOI
$33.3K $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%
$666,700
Cap Rate 7%
$476,214
Cap Rate 9%
$370,389
Alternative Uses
Best Use
Mixed Use
$476.2K
$416.7K – $555.6K
NOI $33,335 @ 7.0% cap · market cap 7.66%
Second Best
Specialty Retail
$463.7K
$405.8K – $541.0K
NOI $32,462 @ 7.0% cap · market cap 7.46%
Theoretical Best
Office A
$850.8K
$744.5K – $992.6K
NOI $59,557 @ 7.0% cap · market cap 13.69%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
15
Businesses Nearby
Explore this area
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
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?
Mixed-use property - The property pairs residential space with two commercial buildings along Route 111.
Where is this mixed-use property located?
The property is located at 1306 Alfred Road Arundel, ME.
What is the asking price?
The asking price for this property is $435,000.
What are key features of this property?
This property features: 1,566± SF former restaurant; 606± SF single‑family home; 512± SF commercial building
