Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Highly Visible Pad Site Title is generated by Realmo AI

    756 US Route 1, Yarmouth, ME

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Pad site at entrance to expanded Hannaford store for lease.

    Type:LAND
    Lot size:
    1.00 Acre
    Added:
    Jun 14, 2023
    Days on Market:
    1074
    Last Refresh:
    Apr 5 at 8:42 pm

    Property Features for 756 US Route 1

    General Information

    Standard status
    Active
    Lot size
    1.00 Acre
    Property subtype
    LAND

    Spaces For Lease

    at 756 US Route 1 Contact us

    We can help!

    Listing Contact
    Charles Craig
    Charles Craig

    Listing agent Charles Craig License #206397

    Listing office The Dunham Group

    Listing date Jun 14, 2023

    Source Moodyscre

    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 Dunham Group

    HighLights

    • High visibility pad site at the entrance to a recently expanded Hannaford store.
    • Approved for a 14,900 SF single‑story building.
    • Located along Route One in Yarmouth.
    • Access through a lighted intersection.
    • Great exposure on Route One.
    • Traffic counts of 13,420 cars/day.

    Overview

    This highly visible pad site is available for lease at the entrance to a recently expanded Hannaford store. The site is located along Route One in Yarmouth and is approved for a 14,900 square foot single-story building, which extends to the Hannaford parking lot. The location offers access through a lighted intersection and exposure on Route One. Traffic counts are 13,420 cars per day. This site presents an opportunity to develop a building in Yarmouth’s retail market.
    Location Intelligence

    Current Use by Public Records

    Isalis (Bike/Boat/Book/etc) Store Party City Party Supply Store Skunk Funk Big Box & Wholesale Store Carl's Trading Co Hat Shop Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Yarmouth
    County
    Cumberland
    State
    Maine
    Longitude
    -70.1867
    Latitude
    43.8006

    Nearby Similar for Lease

    • $32 SF/Yr
      300 SF

      Iconic Mill Creative Office Space

      Renovated office space in Yarmouth's historic Sparhawk Mill.
      81 Bridge St, Yarmouth, ME
      View Details
    • $1,650/Mo
      1,160 SF

      Yarmouth Office Space For Rent

      Office space in a busy, convenient location on Main Street.
      326 Main St, Yarmouth, ME
      View Details
    • $1,500/Mo
      2,400 SF

      Yarmouth Office/Service Suites For Rent

      Professional office/service suites available in Royal River Center, Yarmouth, ME.
      10 Forest Falls Dr, Yarmouth, ME
      View Details
    • Contact for pricing
      6,884 SF

      Iconic Restaurant/Retail Building on River

      250-seat restaurant/retail building with water views and boat access.
      1335 Route 1, Yarmouth, ME
      View Details
    • Contact for pricing
      3,530 SF

      Yarmouth Office Space Available

      Well-designed office space for lease with natural light.
      70 74 Bayview Street, Yarmouth, ME
      View Details
    • Contact for pricing
      9,385 SF

      Renovated Mixed-Use Property For Sale

      Renovated mixed-use property with income potential in Yarmouth, ME.
      90 Main St, Yarmouth, ME
      View Details
    • $25 SF/Yr
      1,800 SF

      Yarmouth Retail/Office Space Available

      Retail and office suites available in a 3-story building.
      106 Lafayette St , Yarmouth, ME
      View Details

    FAQs

    What type of property is this?
    Commercial land - Pad site at entrance to expanded Hannaford store for lease.
    Where is this commercial land located?
    The property is located at 756 US Route 1 Yarmouth, ME.
    What is the lease rate?
    The lease rate is $20 SF/Yr.
    What are key features of this property?
    This property features: High visibility pad site at the entrance to a recently expanded Hannaford store.; Approved for a 14,900 SF single‑story building.; Located along Route One in Yarmouth.
    (207) 415-1415 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Charles Craig
    Charles Craig
    Real Estate License ID: 206397
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    756 US Route 1, Yarmouth, ME
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!