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Building Details

Year Built 1994

Units 2

Tenancy Multi

Listing Agency: The Dunham Group

Listed By: Joe Atwood · License #SA928863 Show Phone

Source: Crexi

Added: Jun 17 Changed: Oct 10 Last Checked: Oct 14 at 11:19PM

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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 The Dunham Group

Investment Insights

Based on property information with market context.

This 6,272-square-foot retail property includes an operating water sports business and a seasonal equipment rental operation. The retail component offers water sports equipment, apparel, and accessories, with products including wakeboards, water skis, wake surfers, paddleboards, tubes, life vests, and wetsuits. The business was founded in 1994, matching the property's construction year.

The property is located at 894 Roosevelt Trail in Naples, Maine, along the shores of Long Lake within the Naples Causeway area. The site includes an established Causeway Dairy Bar tenant that generates rental income. Zoning is VR Village District.

Key Highlights

• 6,272‑square‑foot retail property in Naples, Maine
• Operating water sports retail business with seasonal equipment rentals
• Product categories include wakeboards, water skis, paddleboards, tubes, and wetsuits

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$65,593

Cap Rate

3.86%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,311,860 $1.3M

Cap Rate 7%

$937,043 $937.0K

Cap Rate 9%

$728,811 $728.8K

Is this asking price fair?

Market Conditions

NOI Build-Up for 6,272 SF

Gross rent

$112.9K $18.00/SF

− Vacancy

−$19.2K −$3.06/SF

EGI

$93.7K $14.94/SF

− OpEx

−$28.1K −$4.48/SF

NOI

$65.6K $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 Rate 5%

$1,311,860

Cap Rate 7%

$937,043

Cap Rate 9%

$728,811

Alternative Uses

Best Use

Retail

$937.0K

$819.9K – $1.09M (±1% cap)

NOI $65,593 @ 7.0% cap · market cap 3.86%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$1.72M

$1.51M – $2.01M (±1% cap)

NOI $120,670 @ 7.0% cap · market cap 7.10%

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

Property Analytics

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Current Use

Sun Sports+ (Bike/Boat/Book/etc) Store Gazebo Tees Inc. (Bike/Boat/Book/etc) Store Causeway Dairy Bar Grocery & Convenience Store Sebago Kayak Company Canoe & Kayak Rental Service

Suggested Use

Top Pick Parking Lot & Garage Building Supply Auto Repair Shop Storage Facility Cafe & Coffee Shop Veterinary Clinic

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

Turnkey business

Opportunity

Location Intelligence

Trade Area within ½ mile

168

Businesses Nearby

Explore this area Business Placement

Demographics for 04055, ME

3,925

Population

3,455

Households

1.1

Avg Household Size

46

Median Age

34%

College-Educated

98%

High-School Grad

31.8 sq mi

ZIP Area

123

Density / Sq Mi

$68,278

Median Household Income

$40,333

Median Earnings

$1,412

Median Rent

$257,300

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

Frequently Asked Questions

What type of property is this?

Retail space - Established water sports retailer with seasonal equipment rentals and an additional dairy bar tenant.

Where is this retail space located?

The property is located at 894 Roosevelt Trail Naples, ME.

What is the asking price?

The asking price for this property is $1,700,000.

What are key features of this property?

This property features: 6,272‑square‑foot retail property in Naples, Maine; Operating water sports retail business with seasonal equipment rentals; Product categories include wakeboards, water skis, paddleboards, tubes, and wetsuits