Westbrook Standalone Commercial
For Sale
Contact for pricing
835 Main St, Westbrook, ME 04092
Standalone building on Westbrook’s primary commercial corridor.
Property Size3,648 SF
Price / SF$260.42
Days on Market182
Property Features for 835 Main St
General Information
Standard status
Active
Size
3,648 SF
Class
B
Property subtype
Retail
Zoning
CCD- City Center
Building Details
Year Built
1969
Buildings
1
Stories
1
Units
1
Listing Agency:
The Boulos Company Portland
Listed By:
Chris Paszyc · License #ME BR913433
Source:
Crexi
Added: Feb 11
Changed: Aug 8
Last Checked: Aug 10 at 3:57AM
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 The Boulos Company Portland
Investment Insights
Based on property information with market context.
This is a prominent standalone commercial building situated along Westbrook’s primary commercial corridor. The property offers a total size of 3,648 square feet, making it suitable for various commercial uses.
Key Highlights
- Prominent standalone building.
- Located along Westbrook’s primary commercial corridor.
- Year Built: 1969.
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
$38,151
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
4.02%
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%
$763,020
$763.0K
Cap Rate 7%
$545,014
$545.0K
Cap Rate 9%
$423,900
$423.9K
Market Conditions
NOI Build-Up for 3,648 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
$65.7K $18.00/SF
− Vacancy
−$11.2K −$3.06/SF
EGI
$54.5K $14.94/SF
− OpEx
−$16.4K −$4.48/SF
NOI
$38.2K $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%
$763,020
Cap Rate 7%
$545,014
Cap Rate 9%
$423,900
Alternative Uses
Best Use
Retail
$545.0K
$476.9K – $635.9K
NOI $38,151 @ 7.0% cap · market cap 4.02%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.00M
$877.3K – $1.17M
NOI $70,186 @ 7.0% cap · market cap 7.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
655
Businesses Nearby
43k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 70%
Dining 30%
Cumberland Farms
Shops & Services
14,340 visits/mo
0.3 miles
Dunkin' Donuts
Dining
13,015 visits/mo
0.2 miles
Bank of America
Shops & Services
4,716 visits/mo
0.0 miles
Family Dollar
Shops & Services
4,102 visits/mo
0.1 miles
TD Bank
Shops & Services
3,896 visits/mo
0.0 miles
Demographics for 04092, ME
20,400
Population
9,404
Households
2.2
Avg Household Size
40
Median Age
40%
College-Educated
96%
High-School Grad
17.2 sq mi
ZIP Area
1,186
Density / Sq Mi
$85,868
Median Household Income
$49,922
Median Earnings
$1,373
Median Rent
$341,800
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Similar Off Market Nearby
- Harmon's Floral Company — 117 Brown St, Westbrook, ME 04092
Frequently Asked Questions
What type of property is this?
Storefront property - Standalone building on Westbrook’s primary commercial corridor.
Where is this storefront property located?
The property is located at 835 Main St Westbrook, ME.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Prominent standalone building.; Located along Westbrook’s primary commercial corridor.; Year Built: 1969.
