Building Details

Buildings 1

Stories 2

Building Size 10,500 SF

Construction wooden clapboard

Listing Agency: De Raat Realty

Listed By: Medan de Raat Show Phone

Source: 603luxury

Added: Aug 21 Changed: Oct 9 Last Checked: Oct 7 at 12:53PM

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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 De Raat Realty

Investment Insights

Based on property information with market context.

This flex-space property provides a combination of open retail area, shop and office space on the ground floor, and additional space upstairs. The configuration supports a range of retail and office-oriented applications within one commercial building.

The property fronts Route 1A along a busy roadway and includes a large parking lot. Traditional wooden clapboard siding contributes to the building’s exterior character, while the property has been maintained to a high standard.

Key Highlights

• Open retail area within a flexible commercial building
• Ground‑floor shop and office space
• Additional second‑floor commercial space

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$141,361

Cap Rate

8.32%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,827,220 $2.8M

Cap Rate 7%

$2,019,443 $2.0M

Cap Rate 9%

$1,570,678 $1.6M

Market Conditions

NOI Build-Up for 10,000 SF

Gross rent

$216.0K $21.60/SF

− Vacancy

−$27.5K −$2.75/SF

EGI

$188.5K $18.85/SF

− OpEx

−$47.1K −$4.71/SF

NOI

$141.4K $14.14/SF

Area

Penobscot County, ME

Vacancy

12.74%

Lease Rate

$21.60 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,827,220

Cap Rate 7%

$2,019,443

Cap Rate 9%

$1,570,678

Alternative Uses

Best Use

Office B

$2.02M

$1.77M – $2.36M (±1% cap)

NOI $141,361 @ 7.0% cap · market cap 8.32%

Second Best

Flex RnD

$1.23M

$1.08M – $1.44M (±1% cap)

NOI $86,241 @ 7.0% cap · market cap 5.07%

Theoretical Best

Office A

$3.23M

$2.83M – $3.77M (±1% cap)

NOI $226,080 @ 7.0% cap · market cap 13.30%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Open Analytics

Current Use

Flex space

Suggested Use

Top Pick HVAC Service Storage Facility Carpet & Flooring Store Kitchen & Bath Showroom Pet Grooming Service Auto Repair Shop

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

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

14

Businesses Nearby

Well-served

Demand for This Use

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

13.1% 2019

15.4% 2020

17.6% 2021

19.1% 2022

20.2% 2023

20.9% 2024

19.9% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this flex space located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Flex space - Multi-level commercial space combines retail, shop, and office areas with substantial on-site parking.

Where is this flex space located?

The property is located at 641 Main Rd 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: Open retail area within a flexible commercial building; Ground‑floor shop and office space; Additional second‑floor commercial space