Bait Processing Manufacturing
8 Venture Way, Kennebunkport, ME 04046
For Sale
$1,125,000
Municipal water and sewer serve the property.
Property Size4,339 SF
Lot Size3.10 Acres
Price / SF$259.28
Days on Market677
Property Features for 8 Venture Way
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Additional Details
Utilities to Site
Currently Operating
Property Use
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Listing Agency:
The Boulos Company
(207) 772-1333
Listed By:
Joseph Italiaander · License ME BA923466
(207) 553-1730
Source:
Integrityhomesrealestategroup
Added: Jan 7, 2025
Changed: Nov 11
Last Checked: Nov 13 at 6:40PM
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
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This manufacturing property comprises a 4,339-square-foot building on approximately 3.1 acres. Built in 1995, it is currently used for bait processing and has municipal water and sewer service.
The property is in Kennebunkport, Maine, within the Cape Porpoise area. Its FE – Free Enterprise zoning is described as supporting uses that include fish processing, retail, restaurants, and residential mixed-use.
The property is in Kennebunkport, Maine, within the Cape Porpoise area. Its FE – Free Enterprise zoning is described as supporting uses that include fish processing, retail, restaurants, and residential mixed-use.
Key Highlights
- 4,339‑square‑foot manufacturing building on approximately 3.1 acres
- Currently used as a bait processing facility
- Built in 1995
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,744
Cap Rate
3.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$894,880
$894.9K
Cap Rate 7%
$639,200
$639.2K
Cap Rate 9%
$497,156
$497.2K
Market Conditions
NOI Build-Up for 4,339 SF
Gross rent
$65.1K $15.00/SF
− Vacancy
−$1.2K −$0.27/SF
EGI
$63.9K $14.73/SF
− OpEx
−$19.2K −$4.42/SF
NOI
$44.7K $10.31/SF
Area
York County, ME
Vacancy
1.79%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$894,880
Cap Rate 7%
$639,200
Cap Rate 9%
$497,156
Alternative Uses
Best Use
Industrial
$639.2K
$559.3K – $745.7K
NOI $44,744 @ 7.0% cap · market cap 3.98%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.38M
$1.20M – $1.60M
NOI $96,281 @ 7.0% cap · market cap 8.56%
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
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Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
13
Businesses Nearby
Explore this area
Business Placement
Demographics for 04046, ME
7,893
Population
4,740
Households
1.7
Avg Household Size
51
Median Age
41%
College-Educated
98%
High-School Grad
44.4 sq mi
ZIP Area
178
Density / Sq Mi
$99,861
Median Household Income
$43,000
Median Earnings
$1,250
Median Rent
$559,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Northeast region
Frequently Asked Questions
What type of property is this?
Manufacturing property - Municipal water and sewer serve the property.
Where is this manufacturing property located?
The property is located at 8 Venture Way Kennebunkport, ME.
What is the asking price?
The asking price for this property is $1,125,000.
What are key features of this property?
This property features: 4,339‑square‑foot manufacturing building on approximately 3.1 acres; Currently used as a bait processing facility; Built in 1995
