New Dollar General in
For Sale
Contact for pricing
174 dingley spring rd, Gorham, ME 04038
New Dollar General store in growing southern Maine community.
Property Size9,100 SF
Lot Size1.98 Acres
Price / SF$269.23
Days on Market150
Property Features for 174 dingley spring rd
General Information
Standard status
Active
Size
9,100 SF
Class
A
Lot size
1.98 Acres
Property subtype
Retail
Occupancy
100%
Investment Type
Net Lease
Net Operating Income
$157,953
Building Details
Year Built
2026
Buildings
1
Stories
1
Units
1
Tenancy
Single
Listing Agency:
HMX Realty Advisors
(212) 686-0072
Listed By:
Dan de Sa · License #NY 40DE0945716
Source:
Crexi
Added: Mar 16
Changed: Aug 8
Last Checked: Aug 8 at 6:41AM
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 HMX Realty Advisors
Investment Insights
Based on property information with market context.
A new Dollar General store is available for sale in Gorham, Maine. The newly constructed building, comprising 9,100 square feet, is situated on a 1.98-acre parcel of land. The store is scheduled to open in June 2026. The property is located on Route 25 (Ossipee Trail), a primary commercial corridor serving the growing southern Maine community. Gorham is part of the Portland-South Portland metropolitan area. The area has a population of over 18,600 residents and an average household income exceeding $140,000 within a 5-mile radius. The area is home to the University of Southern Maine and is one of the fastest-growing communities in the state, attracting young families and professionals. Retailers in the immediate trade area include Hannaford, Tractor Supply, Dunkin and Subway. The property is a short drive to the University of Southern Maine’s Gorham campus.
Key Highlights
- Brand new Dollar General opening June 2026 in Gorham, ME.
- Located on busy Route 25 (Ossipee Trail), a primary commercial corridor.
- Located in a growing southern Maine community, part of the Portland‑South Portland metro area.
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
$101,966
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
4.16%
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%
$2,039,320
$2.0M
Cap Rate 7%
$1,456,657
$1.5M
Cap Rate 9%
$1,132,956
$1.1M
Market Conditions
NOI Build-Up for 9,100 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
$163.8K $18.00/SF
− Vacancy
−$27.8K −$3.06/SF
EGI
$136.0K $14.94/SF
− OpEx
−$34.0K −$3.74/SF
NOI
$102.0K $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%
$2,039,320
Cap Rate 7%
$1,456,657
Cap Rate 9%
$1,132,956
Alternative Uses
Best Use
Specialty Retail
$1.46M
$1.27M – $1.70M
NOI $101,966 @ 7.0% cap · market cap 4.16%
Second Best
Retail
$1.36M
$1.19M – $1.59M
NOI $95,168 @ 7.0% cap · market cap 3.88%
Theoretical Best
Office A
$2.50M
$2.19M – $2.92M
NOI $175,080 @ 7.0% cap · market cap 7.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
32
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 04038, ME
18,336
Population
6,527
Households
2.8
Avg Household Size
39
Median Age
46%
College-Educated
97%
High-School Grad
50.6 sq mi
ZIP Area
362
Density / Sq Mi
$110,181
Median Household Income
$53,122
Median Earnings
$1,567
Median Rent
$426,300
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Grocery and convenience store - New Dollar General store in growing southern Maine community.
Where is this grocery and convenience store located?
The property is located at 174 dingley spring rd Gorham, ME.
What is the asking price?
The asking price for this property is $2,450,000.
What are key features of this property?
This property features: Brand new Dollar General opening June 2026 in Gorham, ME.; Located on busy Route 25 (Ossipee Trail), a primary commercial corridor.; Located in a growing southern Maine community, part of the Portland‑South Portland metro area.
