Mixed-Use Building with Retail
New
For Sale
$1,700,000
641 Main Road, Holden, ME 04429
The building combines open retail space with shop/office areas across two floors.
Property Size10,000 SF
Price / SF$161.90
Days on Market7
Property Features for 641 Main Road
General Information
Standard status
Active
Size
10,000 SF
Property subtype
Commercial
Zoning
Limited Commercial
Additional Details
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$9,589
Building Details
Building Size
10,000 SF
Buildings
1
Stories
2
Construction
wooden clapboard siding
Listing Agency:
De Raat Realty
(207) 326-8448
Listed By:
Medan de Raat
(207) 326-8448
Source:
Startpoint
Added: Jul 31
Changed: Aug 6
Last Checked: Aug 6 at 2:06AM
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 De Raat Realty
Investment Insights
Based on property information with market context.
This mixed-use property provides 10,500 SF of building area arranged for several commercial functions. The ground floor includes 4,500 square feet of open retail space and 3,000 square feet designated for shop and office use. A further 3,000 square feet occupies the second floor. Traditional wooden clapboard siding defines the exterior, and the building has been maintained to a high standard.
Located at 641 Main Road in Holden, the property fronts Route 1A, a busy road. A large parking lot serves the building, while Limited Commercial zoning is identified for the site. The combination of retail, shop, office, and upper-floor space creates a flexible mixed-use configuration within one commercial property.
Located at 641 Main Road in Holden, the property fronts Route 1A, a busy road. A large parking lot serves the building, while Limited Commercial zoning is identified for the site. The combination of retail, shop, office, and upper-floor space creates a flexible mixed-use configuration within one commercial property.
Key Highlights
- 10,500 SF total building area
- 4,500 square feet of open retail space
- 3,000 square feet of shop/office area on the ground floor
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $226.8k | $21.60 |
| − Vacancy | −$28.9k | −$2.75 |
| EGI | $197.9k | $18.85 |
| − OpEx | −$49.5k | −$4.71 |
| NOI | $148.4k | $14.14 |
10,500 SF · lease $21.60/SF/yr · vacancy 12.74% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.12M
$1.86M – $2.47M
NOI $148,429 @ 7.0% cap · market cap 8.73%
Second Best
Retail
$1.25M
$1.10M – $1.46M
NOI $87,847 @ 7.0% cap · market cap 5.17%
Theoretical Best
Office A
$3.39M
$2.97M – $3.96M
NOI $237,384 @ 7.0% cap · market cap 13.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
28
Businesses Nearby
Explore this area
Business Placement
Demographics for 04429, ME
4,925
Population
2,963
Households
1.7
Avg Household Size
48
Median Age
42%
College-Educated
98%
High-School Grad
70.6 sq mi
ZIP Area
70
Density / Sq Mi
$92,223
Median Household Income
$52,391
Median Earnings
$1,316
Median Rent
$268,200
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - The building combines open retail space with shop/office areas across two floors.
Where is this mixed-use property located?
The property is located at 641 Main Road Holden, ME.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: 10,500 SF total building area; 4,500 square feet of open retail space; 3,000 square feet of shop/office area on the ground floor
