Storefront Property With Two
For Sale
$350,000
808 Sebago Road, Sebago, ME 04029
COMMERCIAL - Sebago, ME
Property Size1,024 SF
Lot Size0.14 Acres
Price / SF$341.80
Days on Market99
Property Features for 808 Sebago Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
VILLAGE DISTRICT
Rooms
Basement
Basement
Full
Lot features
Other Location, Water View, Rural
Standard status
Active
Size
1,024 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
2199
Utilities
Sewer type
Holding Tank, Private Sewer
Heating system
Electric (Heating), Baseboard
Water source
Private, Well
Water front features
Lake
Water front
1
Building Details
Year built
1999
Flooring type
Wood, Tile
Building materials
Wood Frame, Other Exterior
Roof type
Shingle
Listing Agency:
Keller Williams Realty
(207) 879-9800
Listed By:
Cristina Eugen
(207) 710-1477
Added: May 6
Changed: Aug 4
Last Checked: Aug 12 at 1:06PM
MLS# 1646168
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.
Storefront property featuring a mixed-use setup with two separate entrances and ample parking. The property is presently vacant and ready for its next venture, with photos depicting retail usage of the space. The offering is being sold as is.
The site sits on a 0.14-acre lot and includes 1,024 square feet. Built in 1999, the building has wood frame construction with other exterior elements, a shingle roof, and wood and tile flooring. Heating is electric baseboard. Water is provided via private well, and sewer is through a holding tank and private sewer, and the property has lake waterfront features.
Zoned VILLAGE DISTRICT, the property is located off Route 114 near Nason’s Beach/boat launch and Gemme’s General Store, supporting strong four-season exposure in the Gateway to Lakes Region. Buyers should perform all property investigations and due diligence of development and zoning requirements directly with the Town.
The site sits on a 0.14-acre lot and includes 1,024 square feet. Built in 1999, the building has wood frame construction with other exterior elements, a shingle roof, and wood and tile flooring. Heating is electric baseboard. Water is provided via private well, and sewer is through a holding tank and private sewer, and the property has lake waterfront features.
Zoned VILLAGE DISTRICT, the property is located off Route 114 near Nason’s Beach/boat launch and Gemme’s General Store, supporting strong four-season exposure in the Gateway to Lakes Region. Buyers should perform all property investigations and due diligence of development and zoning requirements directly with the Town.
Key Highlights
- 0.14‑acre site with 1,024 square feet
- Two separate entrances with ample parking
- Vacant storefront mixed‑use opportunity sold as is
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
$10,709
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
3.06%
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%
$214,180
$214.2K
Cap Rate 7%
$152,986
$153.0K
Cap Rate 9%
$118,989
$119.0K
Market Conditions
NOI Build-Up for 1,024 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
$18.4K $18.00/SF
− Vacancy
−$3.1K −$3.06/SF
EGI
$15.3K $14.94/SF
− OpEx
−$4.6K −$4.48/SF
NOI
$10.7K $10.46/SF
Area
Cumberland County, ME
Vacancy
17.00%
Lease Rate
$18.00 /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%
$214,180
Cap Rate 7%
$152,986
Cap Rate 9%
$118,989
Alternative Uses
Best Use
Retail
$153.0K
$133.9K – $178.5K
NOI $10,709 @ 7.0% cap · market cap 3.06%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$281.4K
$246.3K – $328.4K
NOI $19,701 @ 7.0% cap · market cap 5.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
14
Businesses Nearby
Well-served
Demand for This Use
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Vacant storefront mixed-use opportunity with two separate entrances, ample parking, and Village District zoning.
Where is this storefront property located?
The property is located at 808 Sebago Road 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: 0.14‑acre site with 1,024 square feet; Two separate entrances with ample parking; Vacant storefront mixed‑use opportunity sold as is
