Historic Mixed-Use Commercial
2 Rome Road Rome, ME 04963
2 Rome Road, Rome, ME, 04963
$227,000
For Sale
$227,000
Reconstructed mid-1900s building with ground-floor retail space and multiple offices plus a walk-out basement.
Property Size1,864 SF
Price / SF$121.78
Days on Market101
Property Features for 2 Rome Road
General Information
- Standard status
- Active
- Size
- 1,864 SF
- Property subtype
- Commercial / Mixed Use
Building Details
- Year Built
- 1900
Listing agency
Portside Real Estate Group
(207) 215-9805
Listed by
Linda Schultz
(207) 215-9805
Source
Compass
Added: Apr 13 Updated: Jul 21 at 7:49PM Checked: Jul 22 at 11:30AM
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.
Historic commercial building originally constructed in the mid 1900s and substantially reconstructed. The property includes a walk-out basement with steel beam support added in 2021, along with a full, functional ground floor. The ground floor features a 10x7 office, a small workshop, a 6x8 bonus room, a 30x43 retail space, and a utility room. The main floor includes two offices (10x12 each), an entryway (8.5x10), and a large studio (32x44). The studio has new LED lighting, nine new 58x32" windows, refinished cedar flooring, and new ceiling insulation. Additional updates include new wiring with LED lighting throughout, a new heating system, and a new chimney.
Located on the intersection of busy Route 27 and Route 225 in Rome, the property is positioned for maximum traffic exposure. It is described as only a few minutes’ drive from Belgrade Lakes Village.
The building’s interior configuration supports both retail and office use with multiple rooms across the ground and main floors, plus expanded basement space accessed from outside.
Located on the intersection of busy Route 27 and Route 225 in Rome, the property is positioned for maximum traffic exposure. It is described as only a few minutes’ drive from Belgrade Lakes Village.
The building’s interior configuration supports both retail and office use with multiple rooms across the ground and main floors, plus expanded basement space accessed from outside.
Key Highlights
- Historic commercial building at the intersection of busy Route 27 and Route 225 in Rome
- Full walk‑out basement added in 2021 with steel beam support (daylight, full, walk‑out access)
- Ground‑floor functionable space totals 1,728 sq ft with retail and multiple rooms
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $26.8k | $14.40 |
| − Vacancy | −$1.1k | −$0.60 |
| EGI | $25.7k | $13.80 |
| − OpEx | −$7.7k | −$4.14 |
| NOI | $18.0k | $9.66 |
1,864 SF · lease $14.40/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Office B
$376.4K
$329.4K – $439.2K
NOI $26,350 @ 7.0% cap · market cap 11.61%
Second Best
Retail
$257.1K
$225.0K – $300.0K
NOI $18,000 @ 7.0% cap · market cap 7.93%
Theoretical Best
Warehouse
$2.78M
$2.43M – $3.24M
NOI $194,664 @ 7.0% cap · market cap 85.76%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office buildings
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FAQs
What type of property is this?
Office building - Reconstructed mid-1900s building with ground-floor retail space and multiple offices plus a walk-out basement.
Where is this office building 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: Historic commercial building at the intersection of busy Route 27 and Route 225 in Rome; Full walk‑out basement added in 2021 with steel beam support (daylight, full, walk‑out access); Ground‑floor functionable space totals 1,728 sq ft with retail and multiple rooms
