Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Scarborough Retail Shops For Sale Title is generated by Realmo AI

    200 Gallery Blvd, Scarborough, ME 04074

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    100% leased retail property near Walmart in Scarborough, Maine.

    Type:Retail
    Property size:
    13,725 SF
    Price / SF:
    $382/SF
    Added:
    May 3, 2022
    Days on Market:
    1494
    Last Refresh:
    May 12 at 8:23 pm

    Property Features for 200 Gallery Blvd

    General Information

    Standard status
    Active
    Size
    13,725 SF
    Property subtype
    Retail

    We can help!

    Listing Contact
    Zachary Nitsche

    Listing agent Zachary Nitsche License #MA 9574279

    Listing office JLL - Boston, Massachusetts

    Listing date May 3, 2022

    Source Crexi

    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 JLL - Boston, Massachusetts

    HighLights

    • High‑visibility location at the I‑95 and I‑295 interchange, ensuring excellent access and exposure.
    • 100% leased to national QSR and service‑oriented retailers, providing stable income.
    • Shadow‑anchored by a high‑performing Walmart and other major retailers (Lowe’s, HomeGoods, Marshalls).
    • Ranked as the #3 most visited strip center in Maine with 1.3M annual visits.
    • Includes a drive‑thru KFC/Taco Bell on a ground lease, with the tenant responsible for building maintenance.
    • Located in Scarborough, Maine, a compelling submarket just 6 miles south of Portland.

    Overview

    The Shops at Scarborough Gallery is a 13,725 square foot retail property for sale in Scarborough, Maine, approximately 6 miles south of Portland. The property consists of 3 outparcels adjacent to a Walmart-shadow-anchored center of approximately 500,000 square feet, featuring retailers such as Lowe’s, HomeGoods, and Marshalls. The Shops at Scarborough Gallery is the #3 most visited strip center in Maine, with 1.3 million visits annually. The property is 100% leased to national QSR and service-oriented retailers, including a drive-thru KFC/Taco Bell, US Cellular, and Sally Beauty. KFC/Taco Bell is on a Ground Lease, and the Tenant is responsible for maintaining the building including their roof and structure. Situated at the I-95 and I-295 interchange, the property has access and visibility.
    Location Intelligence

    Current Use by Public Records

    Sally Beauty (Bike/Boat/Book/etc) Store GameStop Arcade & Gaming Center Little Caesars Pizza Restaurant

    Suggested Use

    Real Estate Agency Restaurant Law Firm Dental Office Building Supply Auto Repair Shop Spa & Massage Center Hair Salon Big Box & Wholesale Store Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Scarborough
    County
    Cumberland
    State
    Maine
    Longitude
    -70.3442826
    Latitude
    43.6248004

    Nearby Similar for Sale

    • $1,990,000
      9,000 SF

      Scarborough Live/Work Opportunity on Route 1

      Versatile property with residential, commercial, and entertainment spaces.
      626 US Route 1, Scarborough, ME 04074
      View Details
    • $2,999,999
      11,478 SF

      Scarborough Multifamily Investment Opportunity

      Sixteen-unit multifamily property in Scarborough with recent renovations and strong occupancy.
      90 Broadturn Road, Scarborough, ME 04074
      View Details
    • $1,990,000
      9,000 SF

      Scarborough Mixed-Use Property

      Flexible property with residential, business, and entertainment spaces.
      626 US Route 1, Scarborough, ME 04074
      View Details
    • $2,999,999
      11,478 SF

      Scarborough Multifamily Investment Opportunity

      16-unit multifamily property in Scarborough with recent renovations and strong occupancy.
      90 Broadturn Road, Scarborough, ME 04074
      View Details
    • $495,000
      2,584 SF

      Scarborough Corner Lot Opportunity

      1.11-acre corner lot suitable for commercial or residential redevelopment.
      84 County Road, Scarborough, ME 04074
      View Details
    • $2,350,000
      11,799 SF

      Scarborough Event Venue Near Beach

      Versatile event space near Pine Point Beach in Scarborough, Maine.
      353 Pine Point Rd , Scarborough, ME
      View Details
    • $2,640,000
      20,000 SF

      Scarborough Warehouse NNN Investment Opportunity

      20,000 SF warehouse for sale with 5-year NNN lease.
      4 Cloutier Way, Scarborough, ME
      View Details
    • $40,000,000
      33,812 SF

      Scarborough Gateway Shoppes Pad Sites

      Pad sites available for sale or ground lease near Cabela’s.
      260 Payne Rd, Scarborough, ME
      View Details
    • $3,300,000
      11,478 SF

      Scarborough Multifamily Investment Opportunity

      16-unit multifamily property in desirable Scarborough location.
      90 Broadturn Rd, Scarborough, ME 04074
      View Details
    • Contact for pricing

      Residence Inn Portland Scarborough

      78-room hotel in Scarborough, Maine available for sale.
      800 Roundwood Drive, Scarborough, ME 04074
      View Details
    • Contact for pricing
      68,818 SF

      Scarborough Warehouse with 50 Doors

      68,818±SF warehouse with 50 doors on 15.45± acre site.
      7 Manson Libby Rd, Scarborough, ME 04074
      View Details
    • $985,000
      2,400 SF

      New Office/Retail Space Available

      Prime location, new construction, customizable office/retail space for sale.
      10 Market St, Scarborough, ME
      View Details

    FAQs

    What type of property is this?
    Strip mall - 100% leased retail property near Walmart in Scarborough, Maine.
    Where is this strip mall located?
    The property is located at 200 Gallery Blvd Scarborough, ME.
    What is the asking price?
    The asking price for this property is $5,250,000.
    What are key features of this property?
    This property features: High‑visibility location at the I‑95 and I‑295 interchange, ensuring excellent access and exposure.; 100% leased to national QSR and service‑oriented retailers, providing stable income.; Shadow‑anchored by a high‑performing Walmart and other major retailers (Lowe’s, HomeGoods, Marshalls).
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Zachary Nitsche
    Real Estate License ID: MA 9574279
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    200 Gallery Blvd, Scarborough, ME 04074
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!