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    Arundel Mixed-Use Commercial Property Title is generated by Realmo AI

    208 New Road, Arundel, ME 04046

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    Claim this Listing
    New
    For Sale
    $499,000

    COMMERCIAL - Arundel, ME

    Property size:
    1,857 SF
    Lot size:
    1.23 Acres
    Price / SF:
    $268/SF
    Added:
    May 29, 2026
    Days on Market:
    2
    Last Refresh:
    May 30 at 5:06 pm

    Property Features for 208 New Road

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    ARD
    Parking features
    Off Street
    Interior features
    Storage
    Standard status
    Active
    Size
    1,857 SF
    Lot size
    1.23 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    3499

    Utilities

    Sewer type
    Septic Tank, Private Sewer
    Heating system
    Kerosene, Wood Stove, Wood, Electric (Heating)
    Cooling system
    Window Unit(s), Wall/Window Unit(s)
    Water source
    Private, Well

    Building Details

    Year built
    1988
    Flooring type
    Laminate, Vinyl, Wood
    Building materials
    Wood Frame, Log Siding, Wood Siding
    Roof type
    Shingle
    Additional Structures
    Storage

    We can help!

    Listing Contact
    Heidi Buda
    Heidi Buda

    Listing agent Heidi Buda

    Listing office EXP Realty 41 Hutchins Drive Building 3, Rangeley, ME

    Listing date May 29, 2026

    MLS# 1622596

    Copyright © 2026 Maine Listings. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Turnkey residential/commercial property with established business opportunity (50 years of operation, customer base, supplier contacts, and trained staff).
    • High‑traffic location with excellent visibility, accessibility, and ample parking.
    • Charming 2‑bedroom residential living space with woodstove and private outdoor entertaining area.
    • Abundant storage space: attached 2‑car garage, shed, and large 24' x 36' metal garage.
    • Versatile property suitable for various uses: existing business, new business, investment, multi‑family conversion, or single‑family home; potential for ADU.
    • Convenient location: 5 minutes from I‑95 and 20 minutes from Portland.

    Overview

    This mixed-use property in Arundel, Maine, offers a unique opportunity for business owners, investors, entrepreneurs, and those with innovative ideas. The property features a fully equipped, turnkey residential/commercial setup, eliminating the typical commute. Situated in a high-traffic location, it provides excellent visibility, accessibility, and ample parking. For the past 50 years, this location has been a community staple, known for fresh seafood and wild game processing. The sellers are willing to provide supplier contacts, knowledge, and existing staff. The property includes a charming 2-bedroom, 1-bath living space upstairs, complete with a woodstove and a private outdoor entertaining area. Storage is abundant, with an attached 2-car garage, a shed, and a large 24' x 36' metal garage. The property is suitable for continuing the seafood business or starting something new. It also presents possibilities as an investment property, multi-family conversion, or unique single-family home. The 1.23-acre lot offers potential for an ADU. Located 5 minutes from I-95 and 20 minutes from Portland, the property combines business opportunity, residential comfort, and garage space. The building size is 1,857 square feet. The property is zoned ARD.

    Local Financial Insights For Apartment 5plus

    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 $55.0k $29.64
    − Vacancy −$2.9k −$1.54
    EGI $52.2k $28.10
    − OpEx −$23.5k −$12.64
    NOI $28.7k $15.45
    1,857 SF · lease $29.64/SF/yr · vacancy 5.20% · expense 45.00%

    Alternative Uses

    Best Use
    Apartment 5plus
    $410.0K
    $358.7K – $478.3K (±1% cap)
    NOI $28,699 @ 7.0% cap · market cap 5.75%
    Second Best
    Mixed Use
    $329.5K
    $288.3K – $384.4K (±1% cap)
    NOI $23,064 @ 7.0% cap · market cap 4.62%
    Theoretical Best
    Office A
    $588.7K
    $515.1K – $686.8K (±1% cap)
    NOI $41,206 @ 7.0% cap · market cap 8.26%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Suggested Use

    Restaurant Spa & Massage Center Hair Salon Auto Repair Shop Dental Office Auto Parts Store Nail Salon Hotel & Motel Pharmacy Department Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Arundel
    County
    York
    State
    Maine
    Longitude
    -70.5288636
    Latitude
    43.4721666

    Nearby Similar for Sale

    • $499,000
      1,857 SF

      Turnkey Arundel Mixed-Use Property

      Equipped residential/commercial property with high visibility and accessibility.
      208 New Road, Arundel, ME 04046
      View Details
    • $1,750,000
      12,256 SF

      Retail/Warehouse Building on 12 Acres

      Retail/warehouse building, greenhouses, and home on 12 acres.
      670 Alfred Street, Arundel, ME
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Turnkey residential/commercial property with high visibility and ample parking.
    Where is this mixed-use property located?
    The property is located at 208 New Road Arundel, ME.
    What is the asking price?
    The asking price for this property is $499,000.
    What are key features of this property?
    This property features: Turnkey residential/commercial property with established business opportunity (50 years of operation, customer base, supplier contacts, and trained staff).; High‑traffic location with excellent visibility, accessibility, and ample parking.; Charming 2‑bedroom residential living space with woodstove and private outdoor entertaining area.
    (207) 286-4403
    We can help!
    Listing Contact
    Heidi Buda
    Heidi Buda
    Request Owner's contact information
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    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
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