Multi-Room Retail
25 Elm Street, Gorham, ME 04038
For Sale
$550,000
Urban Commercial zoning also permits uses allowed in the Gorham Center Village Center District.
Property Size4,321 SF
Price / SF$127.29
Days on Market392
Property Features for 25 Elm Street
General Information
Standard status
Size
Property subtype
Zoning
Additional Details
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
multiple rooms
offices
prep kitchen
storage rooms
overhead door access
two updated bathrooms
onsite parking
Building Details
Building Size
Year Built
Listing Agency:
PO-GO REALTY
(207) 839-3300
Listed By:
Peter Mason
(207) 632-8822
Source:
Amerorealty
Added: Oct 15, 2025
Changed: Nov 9
Last Checked: Nov 9 at 12:48PM
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 PO-GO REALTY
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Investment Insights
Based on property information with market context.
At 25 Elm Street, this 4,321-square-foot retail property contains multiple rooms, offices, a prep kitchen, storage areas, overhead door access, and two updated bathrooms. The building dates to 1947, and on-site parking is available. Its Urban Commercial zoning also allows uses permitted in the Gorham Center Village Center District.
The property is in Gorham Village, Maine. The existing tenant is moving to a larger space, leaving the building available for a new occupant.
The property is in Gorham Village, Maine. The existing tenant is moving to a larger space, leaving the building available for a new occupant.
Key Highlights
- 4,321 square feet in Gorham Village
- Urban Commercial zoning also allows uses in the Gorham Center Village Center District
- Multiple rooms, office areas, prep kitchen, and storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,189
Cap Rate
8.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$903,780
$903.8K
Cap Rate 7%
$645,557
$645.6K
Cap Rate 9%
$502,100
$502.1K
Market Conditions
NOI Build-Up for 4,321 SF
Gross rent
$77.8K $18.00/SF
− Vacancy
−$13.2K −$3.06/SF
EGI
$64.6K $14.94/SF
− OpEx
−$19.4K −$4.48/SF
NOI
$45.2K $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%
$903,780
Cap Rate 7%
$645,557
Cap Rate 9%
$502,100
Alternative Uses
Best Use
Retail
$645.6K
$564.9K – $753.2K
NOI $45,189 @ 7.0% cap · market cap 8.22%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.19M
$1.04M – $1.39M
NOI $83,134 @ 7.0% cap · market cap 15.12%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
425
Businesses Nearby
Explore this area
Business Placement
Demographics for 04038, ME
18,336
Population
6,527
Households
2.8
Avg Household Size
39
Median Age
46%
College-Educated
97%
High-School Grad
50.6 sq mi
ZIP Area
362
Density / Sq Mi
$110,181
Median Household Income
$53,122
Median Earnings
$1,567
Median Rent
$426,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Retail space in Cumberland County, ME
Properties on Market for Retail space in Cumberland County
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Retail space - Urban Commercial zoning also permits uses allowed in the Gorham Center Village Center District.
Where is this retail space located?
The property is located at 25 Elm Street Gorham, ME.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: 4,321 square feet in Gorham Village; Urban Commercial zoning also allows uses in the Gorham Center Village Center District; Multiple rooms, office areas, prep kitchen, and storage
