Retail Space with Rental
For Sale
Contact for pricing
894 Roosevelt Trail, Naples, ME 04055
Established water sports retailer with seasonal equipment rentals and an additional dairy bar tenant.
Property Size6,272 SF
Price / SF$271.05
Days on Market76
Property Features for 894 Roosevelt Trail
General Information
Standard status
Active
Size
6,272 SF
Property subtype
Business for Sale, Retail
Zoning
VR Village District
Investment Type
Owner/User
Additional Details
Business Included
Yes
Building Details
Year Built
1994
Units
2
Tenancy
Multi
Listing Agency:
The Dunham Group
(207) 773-7100
Listed By:
Joe Atwood · License #SA928863
Source:
Crexi
Added: Jun 17
Changed: Aug 30
Last Checked: Aug 31 at 3:33AM
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.
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 = 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
$65,593
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
3.86%
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%
$1,311,860
$1.3M
Cap Rate 7%
$937,043
$937.0K
Cap Rate 9%
$728,811
$728.8K
Market Conditions
NOI Build-Up for 6,272 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
$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 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%
$1,311,860
Cap Rate 7%
$937,043
Cap Rate 9%
$728,811
Alternative Uses
Best Use
Retail
$937.0K
$819.9K – $1.09M
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
NOI $120,670 @ 7.0% cap · market cap 7.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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
