Building Details

Year Built 1999

Listing Agency: Keller Williams Realty

Listed By: Cristina Eugen Show Phone

Source: Aroostookrealestate

Added: Jun 3 Changed: Oct 4 Last Checked: Oct 7 at 2:29PM

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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 Keller Williams Realty

Investment Insights

Based on property information with market context.

This 1,024-square-foot mixed-use property, built in 1999, is currently vacant and offered in as-is condition. Two separate entrances and ample parking provide a practical configuration for a future venture. Photos show the space arranged for retail use, while the property is positioned as a mixed-use opportunity.

The site is located off Rt 114 near Nason's Beach and boat launch and Gemme's General Store, with views of Sebago Lake. It is also described as being near Naples, Standish, Gorham, downtown Portland, the Lakes Region, major ski resorts, and the White Mountains. Buyers are responsible for investigating development and zoning requirements directly with the Town of Sebago.

Key Highlights

• 1,024‑square‑foot mixed‑use property built in 1999
• Currently vacant and offered in as‑is condition
• Two separate entrances

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$12,718

Cap Rate

3.63%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$254,360 $254.4K

Cap Rate 7%

$181,686 $181.7K

Cap Rate 9%

$141,311 $141.3K

Market Conditions

NOI Build-Up for 1,024 SF

Gross rent

$22.1K $21.60/SF

− Vacancy

−$1.8K −$1.73/SF

EGI

$20.3K $19.87/SF

− OpEx

−$7.6K −$7.45/SF

NOI

$12.7K $12.42/SF

Area

Cumberland County, ME

Vacancy

8.00%

Lease Rate

$21.60 /SF/Yr

Expense Ratio

37.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$254,360

Cap Rate 7%

$181,686

Cap Rate 9%

$141,311

Alternative Uses

Best Use

Mixed Use

$181.7K

$159.0K – $212.0K (±1% cap)

NOI $12,718 @ 7.0% cap · market cap 3.63%

Second Best

Retail

$153.0K

$133.9K – $178.5K (±1% cap)

NOI $10,709 @ 7.0% cap · market cap 3.06%

Theoretical Best

Office A

$281.4K

$246.3K – $328.4K (±1% cap)

NOI $19,701 @ 7.0% cap · market cap 5.63%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Storefront properties

Suggested Use

Top Pick Catering Service Nursing Home Department Store

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

14

Businesses Nearby

Explore this area Business Placement

Demographics for 04029, ME

1,917

Population

1,506

Households

1.3

Avg Household Size

47

Median Age

24%

College-Educated

87%

High-School Grad

32.9 sq mi

ZIP Area

58

Density / Sq Mi

$71,845

Median Household Income

$40,838

Median Earnings

$1,302

Median Rent

$272,900

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 mixed-use properties located? What is the asking price? Find similar properties What are key features of this property?

Similar For Sale Nearby

Mixed-Use Restaurant Property

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Two separate entrances and ample parking support flexible occupancy in a visible roadside setting.

Where is this mixed-use property located?

The property is located at 808 Sebago Rd Sebago, ME.

What is the asking price?

The asking price for this property is $350,000.

What are key features of this property?

This property features: 1,024‑square‑foot mixed‑use property built in 1999; Currently vacant and offered in as‑is condition; Two separate entrances