407 Hallowell Road, Pownal, ME 04069

Building Details

Building Size 1,632 SF More

Year Built 1920 More

Listing Agency: Keller Williams Realty k***@kw.com Show Phone

Listed By: Martin Norton Show Phone

Source: Integrityhomesrealestategroup

Added: Oct 6, 2024 Changed: Nov 11 Last Checked: Nov 13 at 7:03PM

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 Keller Williams Realty

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 1,632-square-foot restaurant building sits on one acre and has three rooms, a dining area arranged for 20–25 guests, and a bathroom. The property includes sinks and some furniture, with forced hot air heating, bottled gas, a private septic system, and public water. Built in 1920, the building was most recently used for breakfast and lunch service and is zoned Village District.

The property fronts Route 9 near a busy intersection. On-site parking is available. The stated commercial possibilities include restaurant or retail use.

Key Highlights

• 1,632‑square‑foot building on one acre
• Dining room accommodates 20–25 people; building has three rooms and a bathroom
• Route 9 location near a busy intersection, with on‑site parking

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$18,287

Cap Rate

4.57%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$365,740 $365.7K

Cap Rate 7%

$261,243 $261.2K

Cap Rate 9%

$203,189 $203.2K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,632 SF

Gross rent

$29.4K $18.00/SF

− Vacancy

−$5.0K −$3.06/SF

EGI

$24.4K $14.94/SF

− OpEx

−$6.1K −$3.74/SF

NOI

$18.3K $11.21/SF

Area

Cumberland County, ME

Vacancy

17.00%

Lease Rate

$18.00 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$365,740

Cap Rate 7%

$261,243

Cap Rate 9%

$203,189

Alternative Uses

Best Use

Specialty Retail

$261.2K

$228.6K – $304.8K (±1% cap)

NOI $18,287 @ 7.0% cap · market cap 4.57%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$448.6K

$392.5K – $523.3K (±1% cap)

NOI $31,399 @ 7.0% cap · market cap 7.85%

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

Breakfast & diners

Suggested Use

Top Pick Grocery & Convenience Store Pet Store Travel Agency

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

22

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 04069, ME

1,566

Population

657

Households

2.4

Avg Household Size

48

Median Age

46%

College-Educated

97%

High-School Grad

22.9 sq mi

ZIP Area

68

Density / Sq Mi

$103,750

Median Household Income

$50,313

Median Earnings

$1,638

Median Rent

$400,000

Median Home Value

Market

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?

Breakfast & diner - A three-room restaurant property with Village District zoning, on-site water and septic, and included sinks and furniture.

Where is this breakfast & diner located?

The property is located at 407 Hallowell Road Pownal, ME.

What is the asking price?

The asking price for this property is $399,900.

What are key features of this property?

This property features: 1,632‑square‑foot building on one acre; Dining room accommodates 20–25 people; building has three rooms and a bathroom; Route 9 location near a busy intersection, with on‑site parking