Building Details

Building Size 10,466 SF

Year Built 1970

Stories 2

Listing Agency: NextHome Experience l***@gmail.com Show Phone

Listed By: Lisa Caron · License #BR924778,PersonLicenseNumber Show Phone

Source: Startpoint

Added: Nov 10, 2025 Changed: Aug 8 Last Checked: Aug 11 at 1:49PM

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Investment Insights

Based on property information with market context.

This storefront property at 741 Main Road N in Hampden, Maine, was built in 1970. The property carries the 33 Commercialserv zoning designation.

Key Highlights

• Storefront property at 741 Main Road N, Hampden, ME 04444
• Built in 1970
• Zoned 33 Commercialserv

Financial Insights

Estimated NOI and Cap Rate

NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).

NOI / Yr

$87,563

Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.

Cap Rate

7.53%

Suggested Prices Based on Cap Rates Cap rates vary significantly by property type, market, and asset quality. Typical U.S. stable-market ranges: Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+) Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand) Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically) Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher) Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk) Self-Storage — 5.5% to 7.5% Medical Office — 6.0% to 7.5% Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term Rules of thumb: Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%). Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C. Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI. Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.

Cap Rate 5%

$1,751,260 $1.8M

Cap Rate 7%

$1,250,900 $1.3M

Cap Rate 9%

$972,922 $972.9K

Market Conditions

NOI Build-Up for 10,466 SF 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.

Gross rent

$150.7K $14.40/SF

− Vacancy

−$25.6K −$2.45/SF

EGI

$125.1K $11.95/SF

− OpEx

−$37.5K −$3.59/SF

NOI

$87.6K $8.37/SF

Area

Penobscot County, ME

Vacancy

17.00%

Lease Rate

$14.40 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates Cap rates vary significantly by property type, market, and asset quality. Typical U.S. stable-market ranges: Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+) Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand) Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically) Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher) Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk) Self-Storage — 5.5% to 7.5% Medical Office — 6.0% to 7.5% Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term Rules of thumb: Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%). Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C. Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI. Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.

Cap Rate 5%

$1,751,260

Cap Rate 7%

$1,250,900

Cap Rate 9%

$972,922

Alternative Uses

Best Use

Retail

$1.25M

$1.09M – $1.46M (±1% cap)

NOI $87,563 @ 7.0% cap · market cap 7.53%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$3.38M

$2.96M – $3.94M (±1% cap)

NOI $236,615 @ 7.0% cap · market cap 20.35%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Property Profile

Current Use

Storefront properties

Suggested Use

Top Pick Law Firm Pharmacy Furniture & Home Goods Garden Center (Bike/Boat/Book/etc) Store Computer & Electronic Repair

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

177

Businesses Nearby

50k

Monthly Visits Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Groceries 40% Shops & Services 33% Dining 26%

Hannaford Groceries

19,996 visits/mo 0.3 miles

Circle K Shops & Services

12,114 visits/mo 0.1 miles

Dunkin' Donuts Dining

10,817 visits/mo 0.1 miles

Bangor Savings Bank Shops & Services

3,216 visits/mo 0.2 miles

SUBWAY Dining

2,156 visits/mo 0.0 miles

Demographics for 04444, ME

9,304

Population

3,936

Households

2.4

Avg Household Size

42

Median Age

46%

College-Educated

98%

High-School Grad

69.0 sq mi

ZIP Area

135

Density / Sq Mi

$102,922

Median Household Income

$52,845

Median Earnings

$1,019

Median Rent

$270,900

Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 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 storefront properties located? What is the asking price? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Storefront property - Built in 1970 and designated 33 Commercialserv.

Where is this storefront property located?

The property is located at 741 Main Road N Hampden, ME.

What is the asking price?

The asking price for this property is $1,163,000.

What are key features of this property?

This property features: Storefront property at 741 Main Road N, Hampden, ME 04444; Built in 1970; Zoned 33 Commercialserv