Building Details

Year Built 1900

Year Renovated 2021

Buildings 1

Listing Agency: Portside Real Estate Group

Listed By: Linda Schultz Show Phone

Source: Portsiderealestategroup

Added: Apr 4 Changed: Oct 11 Last Checked: Oct 14 at 11:33PM

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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 Portside Real Estate Group

Investment Insights

Based on property information with market context.

This mixed-use commercial property combines an early-1900s structure with substantial reconstruction completed in 2021. The building includes a walk-out basement with added steel beam support and a functional ground floor featuring a 10-by-7 office, small workshop, 6-by-8 bonus room, 30-by-43 retail area, and utility room. The main floor adds two 10-by-12 offices, an 8.5-by-10 entryway, and an oversized 32-by-44 studio.

The studio receives natural light through 9 new 58-by-32-inch windows and includes new LED lighting, a refinished cedar floor, and added ceiling insulation. The property also has updated wiring, LED lighting throughout, a new heating system, and a chimney. It sits at the intersection of Route 27 and Route 225 in Rome, a few minutes from Belgrade Lakes Village.

Key Highlights

• Mixed‑use building at the Route 27 and Route 225 intersection in Rome, ME
• Originally built in 1900 with major reconstruction completed in 2021
• 30x43 retail space, two 10x12 offices, workshop, and 32x44 studio

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$19,229

Cap Rate

8.47%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$384,580 $384.6K

Cap Rate 7%

$274,700 $274.7K

Cap Rate 9%

$213,656 $213.7K

Market Conditions

NOI Build-Up for 1,864 SF

Gross rent

$33.6K $18.00/SF

− Vacancy

−$2.8K −$1.49/SF

EGI

$30.8K $16.51/SF

− OpEx

−$11.5K −$6.19/SF

NOI

$19.2K $10.32/SF

Area

Kennebec County, ME

Vacancy

8.30%

Lease Rate

$18.00 /SF/Yr

Expense Ratio

37.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$384,580

Cap Rate 7%

$274,700

Cap Rate 9%

$213,656

Alternative Uses

Best Use

Office B

$376.4K

$329.4K – $439.2K (±1% cap)

NOI $26,350 @ 7.0% cap · market cap 11.61%

Second Best

Mixed Use

$274.7K

$240.4K – $320.5K (±1% cap)

NOI $19,229 @ 7.0% cap · market cap 8.47%

Theoretical Best

Warehouse

$2.78M

$2.43M – $3.24M (±1% cap)

NOI $194,664 @ 7.0% cap · market cap 85.76%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Open Analytics

Current Use

Office Units

Suggested Use

Top Pick HVAC Service Plumbing Service Building Supply Parking Lot & Garage Big Box & Wholesale Store Kitchen & Bath Showroom

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

Lease Details

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

16

Businesses Nearby

Explore this area Business Placement

Demographics for 04963, ME

7,358

Population

4,279

Households

1.7

Avg Household Size

45

Median Age

24%

College-Educated

95%

High-School Grad

51.1 sq mi

ZIP Area

144

Density / Sq Mi

$73,611

Median Household Income

$49,913

Median Earnings

$885

Median Rent

$228,200

Median Home Value

Market

Vacancy Rate% for Office in Northeast region

13.1% 2019

15.4% 2020

17.6% 2021

19.1% 2022

20.2% 2023

20.9% 2024

19.9% 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 mixed-use properties 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?

Mixed-use property - Reconstructed commercial building with office, retail, workshop, and studio areas at a prominent Route 27 and Route 225 intersection.

Where is this mixed-use property located?

The property is located at 2 Rome Road Rome, ME.

What is the asking price?

The asking price for this property is $227,000.

What are key features of this property?

This property features: Mixed‑use building at the Route 27 and Route 225 intersection in Rome, ME; Originally built in 1900 with major reconstruction completed in 2021; 30x43 retail space, two 10x12 offices, workshop, and 32x44 studio