Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Scarborough Retail Space Available Title is generated by Realmo AI

    400 Expedition Dr, Scarborough, ME

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Retail spaces available near Maine Turnpike Exit 42.

    Type:RETAIL
    Property size:
    5,130 SF
    Lot size:
    40.65 Acres
    Added:
    Jun 5, 2025
    Days on Market:
    362
    Last Refresh:
    May 20 at 8:53 pm

    Property Features for 400 Expedition Dr

    General Information

    Standard status
    Active
    Size
    5,130 SF
    Lot size
    40.65 Acres
    Property subtype
    RETAIL

    Spaces For Lease

    at 400 Expedition Dr Contact us

    We can help!

    Listing Contact
    Mark Malone
    Mark Malone

    Listing agent Mark Malone License #911380

    Listing office Malone Commercial Brokers

    Listing date Jun 5, 2025

    Source Moodyscre

    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 Malone Commercial Brokers

    HighLights

    • Anchored by Cabela's with Sea Dog Brewing and Phantom Fireworks.
    • Located at Maine Turnpike Exit 42, providing great location and access.
    • High traffic counts: 7,350± cars/day on Payne Rd & 67,000± cars/day on Maine Turnpike AADT.
    • Two inline retail spaces available: 4,760± SF & 5,130±SF.
    • Join established tenants: Portland Pie, Wild Birds Unlimited, Pella Windows, Armed Service Career Center, Crisp, Maine DMV and Thai 9.
    • Retail spaces available.

    Overview

    Two inline retail spaces are available, measuring approximately 4,760 square feet and 5,130 square feet. The location offers access at Maine Turnpike Exit 42. Current tenants include Portland Pie, Wild Birds Unlimited, Pella Windows, Armed Service Career Center, Crisp, Maine DMV, and Thai 9. The location is anchored by Cabela’s, with Sea Dog Brewing and Phantom Fireworks also present. Traffic counts are approximately 7,350 cars per day on Payne Road and 67,000 cars per day on the Maine Turnpike AADT.
    Property Profile Location Intelligence

    Current Use by Public Records

    US Navy Enlisted ... Military Recruiting Office Pella Windows & Doors ... Hardware & Home Improvement Phyrexian Life Games (Bike/Boat/Book/etc) Store Perk's Beer and Beverage (Bike/Boat/Book/etc) Store Wild Birds Unlimited (Bike/Boat/Book/etc) Store

    Suggested Use

    Restaurant Real Estate Agency Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Pharmacy Nail Salon Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Scarborough
    County
    Cumberland
    State
    Maine
    Longitude
    -70.3705
    Latitude
    43.6008

    Nearby Similar for Lease

    • $16 SF/Yr
      2,000 SF

      Industrial Condo in Innovation District

      2,000± SF industrial condo for lease in Scarborough, ME.
      51 Dynamic Dr, Scarborough, ME
      View Details
    • $13 SF/Yr
      1,049 SF

      Scarborough Medical/Office Space For Lease

      Class A office suites for lease in Scarborough, Maine.
      51 US Route 1, Scarborough, ME
      View Details
    • $4,100/Mo
      1,500 SF

      Scarborough Retail Space For Lease

      1,500± SF retail space with high visibility on Route 1.
      326 Route 1, Scarborough, ME
      View Details
    • $11 SF/Yr
      59,220 SF

      Scarborough Industrial Park Opportunity

      Industrial property in Scarborough's premier park with highway access.
      16 Washington Ave, Scarborough, ME
      View Details
    • $12 SF/Yr
      4,000 SF

      Scarborough Industrial Space Available

      4,000± SF industrial space suitable for various uses.
      3 Commercial Rd, Scarborough, ME
      View Details
    • $15 SF/Yr
      19,405 SF

      Class A Office Building

      Suburban office building with remarkable amenities and on-site parking.
      6 Ashley Dr, Scarborough, ME
      View Details
    • $11 SF/Yr
      9,420 SF

      Industrial Property with Outdoor Space

      9,420 SF industrial property on 2.33 acre lot.
      125 Pleasant Hill Rd, Scarborough, ME
      View Details
    • $16 SF/Yr
      11,616 SF

      Scarborough Office Space For Lease

      11,616± SF office space with dedicated parking available for lease.
      600 Roundwood Drive, Scarborough, ME
      View Details
    • $18 SF/Yr
      9,000 SF

      Scarborough Retail/Warehouse Space Available

      9,000+/- SF building with warehouse and loading dock for lease.
      400 Roundwood Dr, Scarborough, ME
      View Details
    • $12 SF/Yr
      1,200 SF

      Medical Office Space Available

      Medical office or spa space near Maine Medical Center Scarborough.
      6 Science Park Rd, Scarborough, ME
      View Details
    • $14 SF/Yr
      5,174 SF

      Scarborough Office and Medical Suites

      Class A office and medical suites for lease in Scarborough.
      71 US-1, Scarborough, ME
      View Details
    • Contact for pricing

      New Construction Retail Space

      New construction retail space in a convenient location.
      91 County Road Scarborough ME, Scarborough, ME 04074
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail spaces available near Maine Turnpike Exit 42.
    Where is this retail space located?
    The property is located at 400 Expedition Dr Scarborough, ME.
    What is the lease rate?
    The lease rate is $18 SF/Yr.
    What are key features of this property?
    This property features: Anchored by Cabela's with Sea Dog Brewing and Phantom Fireworks.; Located at Maine Turnpike Exit 42, providing great location and access.; High traffic counts: 7,350± cars/day on Payne Rd & 67,000± cars/day on Maine Turnpike AADT.
    (207) 772-2422 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Mark Malone
    Mark Malone
    Real Estate License ID: 911380
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    400 Expedition Dr, Scarborough, ME
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!