Building Details

Year Built 1995

Listing Agency: KW Coastal and Lakes & Mountains Realty/Dover Show Phone

Listed By: Darlene Colwell-Ellis · License #Darlene G Colwell-Ellis Show Phone

Source: Longviewcre

Added: Sep 9 Changed: Nov 1 Last Checked: Oct 31 at 11:41PM

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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 KW Coastal and Lakes & Mountains Realty/Dover

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Review the available facts, identify missing information and prepare questions for the agent.

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Investment Insights

Based on property information with market context.

This 2,688-square-foot lower-level restaurant suite in Lebanon was built in 1995. Its open layout includes storefront display windows, natural woodwork, and substantial natural light. A front deck and wheelchair ramp lead to the main entrance, and dedicated off-street parking serves the property. The space previously operated as Darlene’s Pizza.

The property fronts the Route 202 corridor and is located at 413 Carl Broggi Highway. Its restaurant layout and existing entrance features provide the physical framework for continued food-service use.

Key Highlights

• 2,688‑square‑foot lower‑level restaurant suite
• Previously operated as Darlene’s Pizza
• Front deck with wheelchair ramp to the main entrance

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$32,510

Suggested Prices Based on Cap Rates

Cap Rate 5%

$650,200 $650.2K

Cap Rate 7%

$464,429 $464.4K

Cap Rate 9%

$361,222 $361.2K

What to ask about pricing

Market Conditions

NOI Build-Up for 2,688 SF

Gross rent

$48.4K $18.00/SF

− Vacancy

−$5.0K −$1.87/SF

EGI

$43.3K $16.13/SF

− OpEx

−$10.8K −$4.03/SF

NOI

$32.5K $12.09/SF

Area

York County, ME

Vacancy

10.41%

Lease Rate

$18.00 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$650,200

Cap Rate 7%

$464,429

Cap Rate 9%

$361,222

Alternative Uses

Best Use

Specialty Retail

$464.4K

$406.4K – $541.8K (±1% cap)

NOI $32,510 @ 7.0% cap · market cap 2,038.24%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$852.1K

$745.6K – $994.1K (±1% cap)

NOI $59,646 @ 7.0% cap · market cap 3,739.56%

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

Goulet's auto Service ... Auto Repair Shop Darlene's pizza and more Restaurant Darlene's pizza &more Restaurant

Suggested Use

Top Pick Building Supply Plumbing Service Garden Center Big Box & Wholesale Store Grocery & Convenience Store Parking Lot & Garage

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

Lease Details

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

38

Businesses Nearby

6k

Monthly Visits Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 100%

Dollar General Shops & Services

6,320 visits/mo 0.3 miles

Demographics for 04027, ME

6,469

Population

2,654

Households

2.4

Avg Household Size

42

Median Age

13%

College-Educated

93%

High-School Grad

55.0 sq mi

ZIP Area

118

Density / Sq Mi

$97,257

Median Household Income

$50,192

Median Earnings

$1,237

Median Rent

$310,000

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?

Conventional restaurant - The open interior features storefront display windows, natural woodwork, and a front deck with an accessible ramp.

Where is this conventional restaurant located?

The property is located at 413 Carl Broggi Highway Lebanon, ME.

What are key features of this property?

This property features: 2,688‑square‑foot lower‑level restaurant suite; Previously operated as Darlene’s Pizza; Front deck with wheelchair ramp to the main entrance