Retail/Warehouse Building on 12
670 Alfred Street Arundel, ME
670 Alfred Street, Arundel, ME, 00000
Contact for pricing
For Sale
Contact for pricing
Retail/warehouse building, greenhouses, and home on 12 acres.
Property Size12,256 SF
Lot Size12.11 Acres
Price / SF$142.79
Days on Market316
Property Features for 670 Alfred Street
General Information
- Standard status
- Active
- Size
- 12,256 SF
- Lot size
- 12.11 Acres
- Property subtype
- RETAIL
Listing agency
The Boulos Company
(207) 553-1728
Listed by
Christopher Gallagher · License #BA923466
(207) 553-1728
Source
Moodyscre
Added: Sep 9, 2025 Updated: Jul 6 at 9:07AM Checked: Jul 21 at 5:04AM
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 The Boulos Company
Investment Insights
Based on property information with market context.
The property features a 12,256 square foot retail and warehouse building, greenhouses, and a single-family home, all situated on approximately 12.11 acres. The location benefits from high traffic, with approximately 18,940 vehicles passing by daily, according to a 2019 MDOT study. It is located minutes from the Maine Turnpike (I-95) and the Biddeford shopping district. The surrounding area includes businesses such as Market Basket, Target, Home Depot, and Wal-Mart. The property is located in the Alfred Road District (ARD), a flexible district that allows for a number of commercial and retail uses.
Key Highlights
- High‑traffic location with 18,940 vehicles per day
- Flexible zoning in the Alfred Road District (ARD) allowing various commercial and retail uses
- Large 12.11± acre property including retail/warehouse building, greenhouses, and a single‑family home
Local Financial Insights For Warehouse
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 | $183.8k | $15.00 |
| − Vacancy | −$3.3k | −$0.27 |
| EGI | $180.5k | $14.73 |
| − OpEx | −$27.1k | −$2.21 |
| NOI | $153.5k | $12.52 |
12,256 SF · lease $15.00/SF/yr · vacancy 1.79% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$2.19M
$1.92M – $2.56M
NOI $153,467 @ 7.0% cap · market cap 8.77%
Second Best
Retail
$2.13M
$1.86M – $2.48M
NOI $148,835 @ 7.0% cap · market cap 8.50%
Theoretical Best
Office A
$3.89M
$3.40M – $4.53M
NOI $271,956 @ 7.0% cap · market cap 15.54%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Storefront properties
FAQs
What type of property is this?
Storefront property - Retail/warehouse building, greenhouses, and home on 12 acres.
Where is this storefront property located?
The property is located at 670 Alfred Street Arundel, ME.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: High‑traffic location with 18,940 vehicles per day; Flexible zoning in the Alfred Road District (ARD) allowing various commercial and retail uses; Large 12.11± acre property including retail/warehouse building, greenhouses, and a single‑family home
