Freestanding Two-Suite Retail
For Sale
$450,000
25 Main Street, Limerick, ME 04048
Freestanding commercial building offers two retail suites, finished lower-level space, and on-site parking.
Property Size1,200 SF
Days on Market161
Property Features for 25 Main Street
General Information
Standard status
Active
Size
1,200 SF
Property subtype
Commercial
Zoning
BUSINESS
Taxes and HOA fees
Annual Taxes
$2,461
Building Details
Building Size
1,200 SF
Stories
1
Listing Agency:
Keller Williams Realty
(207) 775-6561
Listed By:
Marc Fishman · License #BA901721
(207) 775-6561
Source:
Startpoint
Added: Mar 4
Changed: Aug 10
Last Checked: Aug 11 at 1:30PM
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 Keller Williams Realty
Investment Insights
Based on property information with market context.
Located at 25 Main Street in Limerick Village, this freestanding 1,200± SF retail building is arranged as two distinct retail areas. The property is currently occupied by a licensed medical marijuana storefront and smoke shop, with finished basement space that was previously used for small-scale medical marijuana cultivation. Any supplemental use of the lower level remains subject to applicable approvals.
The property includes ample on-site parking and is zoned BUSINESS. The offering consists of the real estate; furniture, fixtures, and equipment are available separately. Its existing configuration supports continued specialty retail use or adaptation for other retail and service purposes, subject to applicable requirements.
The property includes ample on-site parking and is zoned BUSINESS. The offering consists of the real estate; furniture, fixtures, and equipment are available separately. Its existing configuration supports continued specialty retail use or adaptation for other retail and service purposes, subject to applicable requirements.
Key Highlights
- Freestanding 1,200± SF retail building at 25 Main Street, Limerick, ME 04048
- Two separate retail spaces within the building
- Current licensed medical marijuana storefront and smoke shop occupancy
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$14,573
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.24%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$291,460
$291.5K
Cap Rate 7%
$208,186
$208.2K
Cap Rate 9%
$161,922
$161.9K
Market Conditions
NOI Build-Up for 1,200 SF
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.
Gross rent
$22.8K $18.96/SF
− Vacancy
−$1.9K −$1.61/SF
EGI
$20.8K $17.35/SF
− OpEx
−$6.2K −$5.20/SF
NOI
$14.6K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$291,460
Cap Rate 7%
$208,186
Cap Rate 9%
$161,922
Alternative Uses
Best Use
Retail
$208.2K
$182.2K – $242.9K
NOI $14,573 @ 7.0% cap · market cap 3.24%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$380.4K
$332.9K – $443.8K
NOI $26,628 @ 7.0% cap · market cap 5.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
88
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 04048, ME
3,188
Population
1,565
Households
2
Avg Household Size
41
Median Age
24%
College-Educated
94%
High-School Grad
27.1 sq mi
ZIP Area
118
Density / Sq Mi
$90,125
Median Household Income
$45,791
Median Earnings
$1,153
Median Rent
$264,200
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Cross Street Flowers & Botanical Gifts — 37 Cross St, Limerick, ME 04048
Frequently Asked Questions
What type of property is this?
Storefront property - Freestanding commercial building offers two retail suites, finished lower-level space, and on-site parking.
Where is this storefront property located?
The property is located at 25 Main Street Limerick, ME.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Freestanding 1,200± SF retail building at 25 Main Street, Limerick, ME 04048; Two separate retail spaces within the building; Current licensed medical marijuana storefront and smoke shop occupancy
