Mixed-Use Property with
New
For Sale
$1,995,000
626 US Route 1, Scarborough, ME 04074
Commercial Sale, Scarborough, ME
Property Size9,000 SF
Lot Size2.60 Acres
Price / SF$221.67
Days on Market2
Property Features for 626 US Route 1
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
TVC
Rooms
Basement
Interior features
Storage
Basement
Finished, Full, Walk-Out Access
Lot features
Business District, Near Shopping
Standard status
Active
Size
9,000 SF
Lot size
2.60 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
13940
Utilities
Sewer type
Public Sewer
Heating system
Heat Pump (Heating), Zoned, Forced Air, Hot Water(Heating), Propane (Heating)
Cooling system
Heat Pump
Water source
Public
Building Details
Year built
1750
Flooring type
Wood, Vinyl, Tile - Ceramic
Building materials
Wood Frame, Vinyl Siding
Roof type
Shingle
Additional Structures
Storage
Listing Agency:
Coldwell Banker Team Real Estate · Coldwell Banker Real Estate
(207) 892-1600
Listed By:
Karen Tufts
(207) 712-5942
Added: Aug 20
Last Checked: Aug 21 at 2:06PM
MLS# 1677101
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 mixed-use property combines a residential dwelling with attached commercial improvements on 2.6 acres. The 9,000-square-foot property includes an antique wood-frame home with wood, vinyl, and ceramic tile flooring, plus an inground pool, entertainment area, bar, kitchenette, basement, and attached oversized three-car garage. A breezeway connects the residence to approximately 2,500 square feet of professional commercial space with parking for over 20 vehicles.
The property is positioned along US Route 1 in Scarborough, set back from the roadway while benefiting from a commercial corridor setting. Public water and public sewer serve the property, which carries TVC zoning. Heating includes heat pumps, forced air, hot water, and propane systems, with zoned heating and heat-pump cooling.
The property is positioned along US Route 1 in Scarborough, set back from the roadway while benefiting from a commercial corridor setting. Public water and public sewer serve the property, which carries TVC zoning. Heating includes heat pumps, forced air, hot water, and propane systems, with zoned heating and heat-pump cooling.
Key Highlights
- 2.6‑acre mixed‑use property with 9,000 square feet of improvements
- Approximately 2,500 square feet of professional commercial space
- Attached oversized three‑car garage and parking for over 20 vehicles
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
$128,845
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
6.46%
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%
$2,576,900
$2.6M
Cap Rate 7%
$1,840,643
$1.8M
Cap Rate 9%
$1,431,611
$1.4M
Market Conditions
NOI Build-Up for 9,000 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
$196.6K $21.84/SF
− Vacancy
−$24.8K −$2.75/SF
EGI
$171.8K $19.09/SF
− OpEx
−$42.9K −$4.77/SF
NOI
$128.8K $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%
$2,576,900
Cap Rate 7%
$1,840,643
Cap Rate 9%
$1,431,611
Alternative Uses
Best Use
Office B
$1.84M
$1.61M – $2.15M
NOI $128,845 @ 7.0% cap · market cap 6.46%
Second Best
Mixed Use
$1.60M
$1.40M – $1.86M
NOI $111,780 @ 7.0% cap · market cap 5.60%
Theoretical Best
Office A
$2.47M
$2.16M – $2.89M
NOI $173,156 @ 7.0% cap · market cap 8.68%
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
244
Businesses Nearby
Explore this area
Business Placement
Demographics for 04074, ME
21,952
Population
10,561
Households
2.1
Avg Household Size
46
Median Age
58%
College-Educated
99%
High-School Grad
47.6 sq mi
ZIP Area
461
Density / Sq Mi
$125,642
Median Household Income
$55,955
Median Earnings
$1,821
Median Rent
$502,700
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Combined residential and commercial improvements with dedicated parking, a pool, and a three-car garage on a sizable parcel.
Where is this mixed-use property located?
The property is located at 626 US Route 1 Scarborough, ME.
What is the asking price?
The asking price for this property is $1,995,000.
What are key features of this property?
This property features: 2.6‑acre mixed‑use property with 9,000 square feet of improvements; Approximately 2,500 square feet of professional commercial space; Attached oversized three‑car garage and parking for over 20 vehicles
