Multifamily Apartment
For Sale
$2,999,999
90 Broadturn Road Unit 1, Scarborough, ME 04074
Residential income property offered for sale in Scarborough, with a stated building size of 11,478.
Property Size11,478 SF
Price / SF$261.37
Days on Market243
Property Features for 90 Broadturn Road Unit 1
General Information
Standard status
Active
Size
11,478 SF
Property subtype
Commercial
Building Details
Year Built
1945
Listing Agency:
Keller Williams Realty
Listed By:
Alexandru Pirleci
(603) 433-3350
Source:
Greatislandrealty
Added: Dec 31, 2025
Changed: Aug 28
Last Checked: Aug 30 at 6:43PM
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 Keller Williams Realty
Investment Insights
Based on property information with market context.
This offering is for a multifamily apartment building presented as residential income property. The listing indicates a building size of 11,478, and it is identified as Unit 1 at 90 Broadturn Road. No additional interior configuration, unit count, or condition details are provided in the available information.
The property is located at 90 Broadturn Road in Scarborough, Maine (04074). Prospective buyers should review the site and offering materials to confirm all measurements, tenancy details, and any restrictions that may apply to the specific unit being marketed.
For buyers seeking a straightforward residential income asset, this property may fit well as an apartment-building purchase with a defined stated size. Because the provided data does not include rental terms, current occupancy, or operating history, due diligence will be important to understand income potential, expenses, and any physical or administrative considerations tied to the specific unit designation. If you have access to the full offering package, it should be used to validate the property’s use, layout, and financial assumptions before making a decision.
The property is located at 90 Broadturn Road in Scarborough, Maine (04074). Prospective buyers should review the site and offering materials to confirm all measurements, tenancy details, and any restrictions that may apply to the specific unit being marketed.
For buyers seeking a straightforward residential income asset, this property may fit well as an apartment-building purchase with a defined stated size. Because the provided data does not include rental terms, current occupancy, or operating history, due diligence will be important to understand income potential, expenses, and any physical or administrative considerations tied to the specific unit designation. If you have access to the full offering package, it should be used to validate the property’s use, layout, and financial assumptions before making a decision.
Key Highlights
- Residential income property
- Built in 1945
- Stated building size of 11,478
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
$188,705
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
6.29%
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%
$3,774,100
$3.8M
Cap Rate 7%
$2,695,786
$2.7M
Cap Rate 9%
$2,096,722
$2.1M
Market Conditions
NOI Build-Up for 11,478 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
$365.0K $31.80/SF
− Vacancy
−$21.9K −$1.91/SF
EGI
$343.1K $29.89/SF
− OpEx
−$154.4K −$13.45/SF
NOI
$188.7K $16.44/SF
Area
Cumberland County, ME
Vacancy
6.00%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
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%
$3,774,100
Cap Rate 7%
$2,695,786
Cap Rate 9%
$2,096,722
Alternative Uses
Best Use
Apartment 5plus
$2.70M
$2.36M – $3.15M
NOI $188,705 @ 7.0% cap · market cap 6.29%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.15M
$2.76M – $3.68M
NOI $220,832 @ 7.0% cap · market cap 7.36%
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
Explore this area
Business Placement
Demographics for 04074, ME
21,952
Population
10,561
Households
2.1
Avg Household Size
46
Median Age
58%
College-Educated
99%
High-School Grad
47.6 sq mi
ZIP Area
461
Density / Sq Mi
$125,642
Median Household Income
$55,955
Median Earnings
$1,821
Median Rent
$502,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Residential income property offered for sale in Scarborough, with a stated building size of 11,478.
Where is this apartment building located?
The property is located at 90 Broadturn Road Unit 1 Scarborough, ME.
What is the asking price?
The asking price for this property is $2,999,999.
What are key features of this property?
This property features: Residential income property; Built in 1945; Stated building size of 11,478
