Lower-Level Retail
For Sale
$439,000
20 Shore Road 8, Ogunquit, ME 03907
The interior features millwork, classic finishes, and a gas fireplace.
Property Size1,796 SF
Price / SF$244.43
Days on Market153
Property Features for 20 Shore Road 8
General Information
Standard status
Active
Size
1,796 SF
Property subtype
Office
Space & Availability
Floor
Lower Level
Condition
Newly Renovated
Additional Details
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$1,983
Amenities
gas fireplace
Building Details
Building Size
1,796 SF
Year Built
1961
Year Renovated
2022
Listing Agency:
Anne Erwin Sotheby's International Realty
Listed By:
Anne Erwin Real Estate
(207) 363-6640
Source:
Newspacere
Added: Jun 2
Changed: Oct 31
Last Checked: Oct 31 at 3:12AM
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 Anne Erwin Sotheby's International Realty
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Investment Insights
Based on property information with market context.
This 1,796-square-foot retail condominium occupies a lower-level position and has an interior reimagined in 2022. Millwork, classic finishes, and a gas fireplace contribute to its interior character. The building dates to 1961.
The property is on Shore Road in Ogunquit Village, among shops, restaurants, and galleries. Its commercial condominium format and finished interior provide a distinct setting for retail or other commercial activity.
The property is on Shore Road in Ogunquit Village, among shops, restaurants, and galleries. Its commercial condominium format and finished interior provide a distinct setting for retail or other commercial activity.
Key Highlights
- 1,796‑square‑foot lower‑level retail condominium
- Interior reimagined in 2022
- Millwork, classic finishes, and a gas fireplace
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,810
Cap Rate
4.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$436,200
$436.2K
Cap Rate 7%
$311,571
$311.6K
Cap Rate 9%
$242,333
$242.3K
Market Conditions
NOI Build-Up for 1,796 SF
Gross rent
$34.1K $18.96/SF
− Vacancy
−$2.9K −$1.61/SF
EGI
$31.2K $17.35/SF
− OpEx
−$9.3K −$5.20/SF
NOI
$21.8K $12.14/SF
Area
York County, ME
Vacancy
8.50%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$436,200
Cap Rate 7%
$311,571
Cap Rate 9%
$242,333
Alternative Uses
Best Use
Retail
$311.6K
$272.6K – $363.5K
NOI $21,810 @ 7.0% cap · market cap 4.97%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$569.3K
$498.2K – $664.2K
NOI $39,853 @ 7.0% cap · market cap 9.08%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
328
Businesses Nearby
3k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Bangor Savings Bank
Shops & Services
2,608 visits/mo
0.1 miles
Demographics for 03907, ME
1,577
Population
2,106
Households
0.7
Avg Household Size
62
Median Age
68%
College-Educated
99%
High-School Grad
4.1 sq mi
ZIP Area
385
Density / Sq Mi
$104,250
Median Household Income
$72,778
Median Earnings
$1,736
Median Rent
$799,200
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?
Retail space - The interior features millwork, classic finishes, and a gas fireplace.
Where is this retail space located?
The property is located at 20 Shore Road 8 Ogunquit, ME.
What is the asking price?
The asking price for this property is $439,000.
What are key features of this property?
This property features: 1,796‑square‑foot lower‑level retail condominium; Interior reimagined in 2022; Millwork, classic finishes, and a gas fireplace
