Building Details

Year Built 2015

Buildings 1

Stories 1

Tenancy Single

Listing Agency: SRS Real Estate Partners

Listed By: Andrew Fallon · License #PA RSR006585 Show Phone

Source: Crexi

Added: Mar 27 Changed: Oct 7 Last Checked: Oct 11 at 6:23AM

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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 SRS Real Estate Partners

Investment Insights

Based on property information with market context.

This retail space offers 9,026 square feet of area. The property is being offered for sale and features a 7.00% capitalization rate.

Key Highlights

• 7.00% CAP Rate
• Retail Property
• 9,026 SqFt of retail space

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$87,161

Cap Rate

6.56%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,743,220 $1.7M

Cap Rate 7%

$1,245,157 $1.2M

Cap Rate 9%

$968,456 $968.5K

Market Conditions

NOI Build-Up for 9,026 SF

Gross rent

$130.0K $14.40/SF

− Vacancy

−$5.5K −$0.60/SF

EGI

$124.5K $13.80/SF

− OpEx

−$37.4K −$4.14/SF

NOI

$87.2K $9.66/SF

Area

Kennebec County, ME

Vacancy

4.20%

Lease Rate

$14.40 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,743,220

Cap Rate 7%

$1,245,157

Cap Rate 9%

$968,456

Alternative Uses

Best Use

Retail

$1.25M

$1.09M – $1.45M (±1% cap)

NOI $87,161 @ 7.0% cap · market cap 6.56%

Second Best

—

—

no second resolved use

Theoretical Best

Warehouse

$13.47M

$11.78M – $15.71M (±1% cap)

NOI $942,614 @ 7.0% cap · market cap 70.98%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Dollar General Discount Store Western Union Bank FedEx OnSite Postal Service

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Auto Parts Store Auto Repair Shop Bed & Breakfast Hotel & Motel Restaurant

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

17

Businesses Nearby

5k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 100%

Dollar General Shops & Services

4,878 visits/mo 0.3 miles

Demographics for 04350, ME

3,586

Population

1,993

Households

1.8

Avg Household Size

47

Median Age

24%

College-Educated

92%

High-School Grad

37.4 sq mi

ZIP Area

96

Density / Sq Mi

$75,329

Median Household Income

$43,409

Median Earnings

$1,088

Median Rent

$236,100

Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this retail space located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Retail space - Retail space available with a 7.00% CAP rate.

Where is this retail space located?

The property is located at 1905 Hallowell Rd Litchfield, ME.

What is the asking price?

The asking price for this property is $1,328,014.

What are key features of this property?

This property features: 7.00% CAP Rate; Retail Property; 9,026 SqFt of retail space