Free Enterprise Commercial
New
For Sale
$689,000
8 Venture Way, Kennebunkport, ME 04046
COMMERCIAL - Kennebunkport, ME
Property Size4,911 SF
Lot Size1.16 Acres
Price / SF$140.30
Days on Market3
Property Features for 8 Venture Way
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
FE - Free Enterprise
Lot features
Business District
Standard status
Active
Size
4,911 SF
Lot size
1.16 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
2244
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1970
Listing Agency:
RE/MAX Realty One · RE/MAX International
(207) 646-4546
Listed By:
Dawson Sibley · License #SA924953
(207) 333-0400
Added: Aug 14
Last Checked: Aug 16 at 2:06AM
MLS# 1676288
Copyright © 2026 Maine Listings. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This commercial land offering encompasses 1.16 acres at 8 Venture Way in Kennebunkport. The property was previously associated with a bait processing facility, and the operational equipment has been removed. Property data identifies 4,911 square feet and a 1970 year built designation.
The site carries FE - Free Enterprise zoning, with commercial, industrial, and residential uses identified in the property information. Public water and public sewer serve the property. The seller will retain and use part of the overall tract, so the conveyance represents only a portion shown in the attached division plan. A road maintenance agreement is to be drafted between seller and purchaser.
The site carries FE - Free Enterprise zoning, with commercial, industrial, and residential uses identified in the property information. Public water and public sewer serve the property. The seller will retain and use part of the overall tract, so the conveyance represents only a portion shown in the attached division plan. A road maintenance agreement is to be drafted between seller and purchaser.
Key Highlights
- 1.16‑acre commercial land parcel at 8 Venture Way, Kennebunkport, ME 04046
- FE - Free Enterprise zoning identified for commercial, industrial, and residential uses
- Public water and public sewer service
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
$50,642
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
7.35%
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%
$1,012,840
$1.0M
Cap Rate 7%
$723,457
$723.5K
Cap Rate 9%
$562,689
$562.7K
Market Conditions
NOI Build-Up for 4,911 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
$73.7K $15.00/SF
− Vacancy
−$1.3K −$0.27/SF
EGI
$72.3K $14.73/SF
− OpEx
−$21.7K −$4.42/SF
NOI
$50.6K $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 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%
$1,012,840
Cap Rate 7%
$723,457
Cap Rate 9%
$562,689
Alternative Uses
Best Use
Industrial
$723.5K
$633.0K – $844.0K
NOI $50,642 @ 7.0% cap · market cap 7.35%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.56M
$1.36M – $1.82M
NOI $108,973 @ 7.0% cap · market cap 15.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
38
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
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Commercial land - FE - Free Enterprise zoning supports commercial, industrial, and residential uses with public water and sewer service.
Where is this commercial land located?
The property is located at 8 Venture Way Kennebunkport, ME.
What is the asking price?
The asking price for this property is $689,000.
What are key features of this property?
This property features: 1.16‑acre commercial land parcel at 8 Venture Way, Kennebunkport, ME 04046; FE - Free Enterprise zoning identified for commercial, industrial, and residential uses; Public water and public sewer service
