Building Details

Year built 1999

Flooring type Wood, Tile

Building materials Wood Frame, Other Exterior

Roof type Shingle

Listing Agency: Keller Williams Realty k***@kw.com Show Phone

Listed By: Cristina Eugen Show Phone

Added: May 6 Changed: Oct 15 Last Checked: Oct 17 at 8:06PM

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MLS# 1646168

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Investment Insights

Based on property information with market context.

This 1,024-square-foot mixed-use property was built in 1999 and is currently vacant. The building has two separate entrances, a basement, tile and wood flooring, wood-frame construction, and a shingle roof. Heating is provided by electric baseboard systems, with private well water and a private sewer system with holding tank. The property is being sold as-is.

Set on 0.14 acres in Sebago, the property offers views of Sebago Lake and is located near Nason's Beach, a boat launch, and Gemme's General Store. The site is positioned off Route 114 within the Village District and includes ample parking. Buyers are responsible for investigating development and zoning requirements with the Town of Sebago.

Key Highlights

• 1,024‑square‑foot vacant mixed‑use building built in 1999
• Two separate entrances and ample parking
• Views of Sebago Lake near Nason's Beach and a boat launch

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

Is this asking price fair?

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.

Lease Details

Yes

Paved road access

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

Similar For Sale Nearby

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$545,000

2,328 SF

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Vacant commercial building with two entrances, parking, and lake views in the Village District.

Where is this mixed-use 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: 1,024‑square‑foot vacant mixed‑use building built in 1999; Two separate entrances and ample parking; Views of Sebago Lake near Nason's Beach and a boat launch