2120 Harpswell Island Road, Harpswell, ME 04003

Building Details

Building Size 864 SF More

Stories 1 More

Tenancy Single More

Listing Agency: Roxanne York Real Estate h***@gmail.com Show Phone

Listed By: Roxanne York Show Phone

Source: Integrityhomesrealestategroup

Added: Oct 5, 2025 Changed: Nov 11 Last Checked: Nov 13 at 7:11PM

Report an Issue

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 Roxanne York Real Estate

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This storefront property at 2120 Harpswell Island Road in Harpswell, Maine, is occupied by the United States Postal Service. The sale includes assumption of the existing lease, with continued postal service identified as the intended use. The property is zoned com.

A community organization has owned the property and leased it to the USPS for the past sixteen years. The building has served Bailey Island residents and visitors as a post office for decades.

Key Highlights

• Existing lease with the United States Postal Service transfers to the buyer
• Property has been owned by a community organization for the past sixteen years
• Post office use has served Bailey Island for decades

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$9,036

Cap Rate

3.61%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$180,720 $180.7K

Cap Rate 7%

$129,086 $129.1K

Cap Rate 9%

$100,400 $100.4K

Is this asking price fair?

Market Conditions

NOI Build-Up for 864 SF

Gross rent

$15.6K $18.00/SF

− Vacancy

−$2.6K −$3.06/SF

EGI

$12.9K $14.94/SF

− OpEx

−$3.9K −$4.48/SF

NOI

$9.0K $10.46/SF

Area

Cumberland County, ME

Vacancy

17.00%

Lease Rate

$18.00 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$180,720

Cap Rate 7%

$129,086

Cap Rate 9%

$100,400

Alternative Uses

Best Use

Retail

$129.1K

$113.0K – $150.6K (±1% cap)

NOI $9,036 @ 7.0% cap · market cap 3.61%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$237.5K

$207.8K – $277.1K (±1% cap)

NOI $16,623 @ 7.0% cap · market cap 6.65%

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

Storefront properties

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Veterinary Clinic Grocery & Convenience Store Big Box & Wholesale Store Restaurant Fish Market

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

Single-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

42

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 04003, ME

363

Population

354

Households

1

Avg Household Size

62

Median Age

63%

College-Educated

100%

High-School Grad

1.0 sq mi

ZIP Area

363

Density / Sq Mi

$71,250

Median Household Income

$625,000

Median Home Value

Market

Average Price Trend$/SF for Storefront properties in Cumberland County, ME

$273 Jul

$262 Aug

$327 Sep

$357 Oct

Properties on Market for Storefront properties in Cumberland County

Jul

Aug

Sep

Oct

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

Frequently Asked Questions

What type of property is this?

Storefront property - The property is occupied by the United States Postal Service under an existing lease that the buyer will assume.

Where is this storefront property located?

The property is located at 2120 Harpswell Island Road Harpswell, ME.

What is the asking price?

The asking price for this property is $250,000.

What are key features of this property?

This property features: Existing lease with the United States Postal Service transfers to the buyer; Property has been owned by a community organization for the past sixteen years; Post office use has served Bailey Island for decades