Building Details

Year built 1970

Listing Agency: RE/MAX Realty One · RE/MAX International r***@yorkmaine.com Show Phone

Listed By: Dawson Sibley · License #SA924953 Show Phone

Added: Aug 14 Changed: Aug 19 Last Checked: Oct 7 at 7:06PM

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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 manufacturing property includes a 4,911-square-foot building on 1.16 acres at 8 Venture Way in Kennebunkport. Constructed in 1970, the site was previously used as a bait processing facility, and the operational equipment has been removed. The property is zoned FE - Free Enterprise, with commercial, industrial, and residential uses identified in the property information.

Public water and public sewer serve the site. The property is located in York County, Maine, within postal code 04046. A road maintenance agreement is to be drafted between the seller and purchaser, and the conveyed portion is defined by a division plan referenced in the property information.

Key Highlights

• 4,911‑square‑foot building on 1.16 acres
• FE - Free Enterprise zoning
• Commercial, industrial, and residential uses identified

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$61,494

Cap Rate

8.93%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,229,880 $1.2M

Cap Rate 7%

$878,486 $878.5K

Cap Rate 9%

$683,267 $683.3K

Market Conditions

NOI Build-Up for 4,911 SF

Gross rent

$73.7K $15.00/SF

− Vacancy

−$1.3K −$0.27/SF

EGI

$72.3K $14.73/SF

− OpEx

−$10.9K −$2.21/SF

NOI

$61.5K $12.52/SF

Area

York County, ME

Vacancy

1.79%

Lease Rate

$15.00 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,229,880

Cap Rate 7%

$878,486

Cap Rate 9%

$683,267

Alternative Uses

Best Use

Warehouse

$878.5K

$768.7K – $1.02M (±1% cap)

NOI $61,494 @ 7.0% cap · market cap 8.93%

Second Best

Industrial

$723.5K

$633.0K – $844.0K (±1% cap)

NOI $50,642 @ 7.0% cap · market cap 7.35%

Theoretical Best

Office A

$1.56M

$1.36M – $1.82M (±1% cap)

NOI $108,973 @ 7.0% cap · market cap 15.82%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Manufacturing properties

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Grocery & Convenience Store Catering Service Cosmetic Store Travel Agency Supermarket

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

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

Market

Vacancy Rate% for Industrial in Northeast region

5.4% 2019

4.6% 2020

3.2% 2021

3.3% 2022

5.3% 2023

6.6% 2024

7.6% 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 manufacturing 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?

Manufacturing property - Former processing facility with public water and sewer, suited to commercial, industrial, or residential use under FE zoning.

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 $689,000.

What are key features of this property?

This property features: 4,911‑square‑foot building on 1.16 acres; FE - Free Enterprise zoning; Commercial, industrial, and residential uses identified