Newly Built Main Street
For Sale
$649,000
298 Main Street, Yarmouth, ME 04096
Commercial Sale, Yarmouth, ME
Property Size1,436 SF
Price / SF$451.95
Days on Market40
Property Features for 298 Main Street
General Information
Property type
Commercial Sale
Property subtype
Other
Property condition
Under Construction
Zoning
CD-4
Parking features
Leased
Lot features
Business District, Near Shopping
Standard status
Active
Size
1,436 SF
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
1
HOA Fee
$1.00 Monthly
Utilities
Sewer type
Public Sewer
Heating system
Heat Pump (Heating), Electric (Heating)
Cooling system
Heat Pump
Water source
Public
Building Details
Year built
2026
Flooring type
Vinyl, Tile - Ceramic
Building materials
Wood Frame, Vinyl Siding
Roof type
Composition
Listing Agency:
Vitalius Real Estate Group, LLC
(207) 541-3755
Listed By:
Briton Vitalius
(207) 541-3755
Added: Jul 14
Changed: Aug 19
Last Checked: Aug 22 at 8:06AM
MLS# 1662852
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.
Investment Insights
Based on property information with market context.
This newly constructed commercial storefront is located on Main Street within a modern condominium building. The space includes large storefront windows designed to bring natural light to the street-facing frontage.
Positioned in the heart of Yarmouth Village, the property is surrounded by established local shops and restaurants, with access that supports both retail and office operations.
The layout is described as flexible for service-oriented uses, retail, or office space, making it suitable for a variety of business needs within a walkable village center.
Positioned in the heart of Yarmouth Village, the property is surrounded by established local shops and restaurants, with access that supports both retail and office operations.
The layout is described as flexible for service-oriented uses, retail, or office space, making it suitable for a variety of business needs within a walkable village center.
Key Highlights
- Newly constructed commercial space in a modern condominium building on Main Street in Yarmouth Village
- Under construction; year built 2026
- Wood frame with vinyl siding; composition roof
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
$20,558
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
3.17%
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%
$411,160
$411.2K
Cap Rate 7%
$293,686
$293.7K
Cap Rate 9%
$228,422
$228.4K
Market Conditions
NOI Build-Up for 1,436 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
$31.4K $21.84/SF
− Vacancy
−$4.0K −$2.75/SF
EGI
$27.4K $19.09/SF
− OpEx
−$6.9K −$4.77/SF
NOI
$20.6K $14.32/SF
Area
Cumberland County, ME
Vacancy
12.60%
Lease Rate
$21.84 /SF/Yr
Expense Ratio
25.00%
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%
$411,160
Cap Rate 7%
$293,686
Cap Rate 9%
$228,422
Alternative Uses
Best Use
Office B
$293.7K
$257.0K – $342.6K
NOI $20,558 @ 7.0% cap · market cap 3.17%
Second Best
Retail
$214.5K
$187.7K – $250.3K
NOI $15,018 @ 7.0% cap · market cap 2.31%
Theoretical Best
Office A
$394.7K
$345.4K – $460.5K
NOI $27,628 @ 7.0% cap · market cap 4.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
724
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 04096, ME
8,990
Population
3,625
Households
2.5
Avg Household Size
45
Median Age
69%
College-Educated
99%
High-School Grad
13.4 sq mi
ZIP Area
671
Density / Sq Mi
$107,911
Median Household Income
$50,848
Median Earnings
$1,709
Median Rent
$572,700
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Newly constructed retail/office space in a modern condominium building on Main Street.
Where is this storefront property located?
The property is located at 298 Main Street Yarmouth, ME.
What is the asking price?
The asking price for this property is $649,000.
What are key features of this property?
This property features: Newly constructed commercial space in a modern condominium building on Main Street in Yarmouth Village; Under construction; year built 2026; Wood frame with vinyl siding; composition roof
