Building Details

Buildings 1

Stories 2

Construction wooden clapboard siding

Listing Agency: Show Phone

Listed By: Carol Kline

Source: Klinerealtygroup

Added: Oct 29 Changed: Oct 30 Last Checked: Oct 30 at 2:18AM

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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 Carol Kline

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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.

The mixed-use building includes 4,500 square feet of open retail area and 3,000 square feet of shop and office space on the ground floor. A further 3,000 square feet occupies the second floor. Traditional wooden clapboard siding finishes the exterior, and a large parking lot serves the property.

The property is located along Route 1A on a busy road.

Key Highlights

• 4,500 square feet of open retail space
• 3,000 square feet of ground‑floor shop and office space
• An additional 3,000 square feet on the second floor

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

Is this asking price fair?

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

Retail

$1.20M

$1.05M – $1.39M (±1% cap)

NOI $83,664 @ 7.0% cap · market cap 4.92%

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

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Retail 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

Paved road access

Location Intelligence

Trade Area within ½ mile

14

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

13.1% 2019

15.4% 2020

17.6% 2021

19.1% 2022

20.2% 2023

20.9% 2024

19.9% 2025

Frequently Asked Questions

What type of property is this?

Mixed-use property - Ground-floor shop and office areas complement the building’s open retail space and upper-level floor area.

Where is this mixed-use property 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: 4,500 square feet of open retail space; 3,000 square feet of ground‑floor shop and office space; An additional 3,000 square feet on the second floor