Strip
63 Portland Road, Kennebunk, ME 04043
For Sale
$3,100,000
Commercial zoning and a Kennebunk address define this retail property.
Property Size19,640 SF
Price / SF$157.84
Days on Market290
Property Features for 63 Portland Road
General Information
Standard status
Size
Property subtype
Zoning
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Listing Agency:
Kennebunk Beach Realty
Listed By:
Mark Seeley
(207) 967-5481
Source:
Integrityhomesrealestategroup
Added: Jan 26
Changed: Nov 11
Last Checked: Nov 11 at 2:17AM
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 Kennebunk Beach Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This strip mall is a retail property at 63 Portland Road in Kennebunk, Maine. The property is listed with 19,640 square feet and commercial zoning.
Key Highlights
- 19,640‑square‑foot strip mall
- Commercial zoning
- Located at 63 Portland Road in Kennebunk, ME 04043
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$238,506
Cap Rate
7.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,770,120
$4.8M
Cap Rate 7%
$3,407,229
$3.4M
Cap Rate 9%
$2,650,067
$2.7M
Market Conditions
NOI Build-Up for 19,640 SF
Gross rent
$372.4K $18.96/SF
− Vacancy
−$31.7K −$1.61/SF
EGI
$340.7K $17.35/SF
− OpEx
−$102.2K −$5.20/SF
NOI
$238.5K $12.14/SF
Area
York County, ME
Vacancy
8.50%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,770,120
Cap Rate 7%
$3,407,229
Cap Rate 9%
$2,650,067
Alternative Uses
Best Use
Retail
$3.41M
$2.98M – $3.98M
NOI $238,506 @ 7.0% cap · market cap 7.69%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.23M
$5.45M – $7.26M
NOI $435,805 @ 7.0% cap · market cap 14.06%
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
Location Intelligence
Trade Area within ½ mile
443
Businesses Nearby
76k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 47%
Groceries 35%
Shops & Services 13%
Home Improvements & Furnishings 3%
Hannaford
Groceries
26,590 visits/mo
0.1 miles
McDonald's
Dining
11,759 visits/mo
0.4 miles
Dunkin' Donuts
Dining
10,841 visits/mo
0.2 miles
Aroma Joe's
Dining
8,484 visits/mo
0.2 miles
Circle K
Shops & Services
5,376 visits/mo
0.2 miles
Demographics for 04043, ME
11,536
Population
6,243
Households
1.8
Avg Household Size
52
Median Age
50%
College-Educated
97%
High-School Grad
35.1 sq mi
ZIP Area
329
Density / Sq Mi
$101,204
Median Household Income
$53,283
Median Earnings
$1,405
Median Rent
$460,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Strip mall - Commercial zoning and a Kennebunk address define this retail property.
Where is this strip mall located?
The property is located at 63 Portland Road Kennebunk, ME.
What is the asking price?
The asking price for this property is $3,100,000.
What are key features of this property?
This property features: 19,640‑square‑foot strip mall; Commercial zoning; Located at 63 Portland Road in Kennebunk, ME 04043
