92 Route 236, Kittery, ME 03904

Building Details

Building Size 1,500 SF More

Year Built 1960 More

Listing Agency: Keller Williams Coastal and Lakes & Mountains Realty n***@kw.com Show Phone

Listed By: Troy Williams · License ME #066558 Show Phone

Source: Integrityhomesrealestategroup

Added: Jan 30, 2024 Changed: Nov 11 Last Checked: Nov 13 at 6:26PM

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Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This retail storefront in Kittery includes a 1,500-square-foot main-floor merchandise display area, a basement suitable for storage or other use, and on-site parking. The building dates to 1960 and is zoned C-2.

Route 236 carries more than 18,000 vehicles per day. Downtown Portsmouth and the Naval Shipyard are a few minutes away by car, while Boston is about an hour away.

Key Highlights

• 1,500‑square‑foot main‑floor merchandise display area
• Basement space available for storage or other use
• C‑2 zoning

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$18,216

Cap Rate

3.68%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$364,320 $364.3K

Cap Rate 7%

$260,229 $260.2K

Cap Rate 9%

$202,400 $202.4K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,500 SF

Gross rent

$28.4K $18.96/SF

− Vacancy

−$2.4K −$1.61/SF

EGI

$26.0K $17.35/SF

− OpEx

−$7.8K −$5.20/SF

NOI

$18.2K $12.14/SF

Area

York County, ME

Vacancy

8.50%

Lease Rate

$18.96 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$364,320

Cap Rate 7%

$260,229

Cap Rate 9%

$202,400

Alternative Uses

Best Use

Retail

$260.2K

$227.7K – $303.6K (±1% cap)

NOI $18,216 @ 7.0% cap · market cap 3.68%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$475.5K

$416.1K – $554.7K (±1% cap)

NOI $33,284 @ 7.0% cap · market cap 6.72%

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

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Storefront properties

Suggested Use

Top Pick Building Supply Auto Parts Store Restaurant HVAC Service Law Firm Real Estate Agency

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

18,000 VPD

Traffic count

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

97

Businesses Nearby

3k

Monthly Visits Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 100%

Napa Auto Parts Shops & Services

1,482 visits/mo 0.2 miles

Prime Storage Shops & Services

1,086 visits/mo 0.4 miles

Demographics for 03904, ME

8,148

Population

4,375

Households

1.9

Avg Household Size

42

Median Age

40%

College-Educated

96%

High-School Grad

10.9 sq mi

ZIP Area

748

Density / Sq Mi

$74,551

Median Household Income

$50,752

Median Earnings

$1,458

Median Rent

$415,700

Median Home Value

Market

Average Price Trend$/SF for Storefront properties in York County, ME

$441 Jul

$342 Aug

$324 Sep

$386 Oct

Properties on Market for Storefront properties in York County

Jul

Aug

Sep

Oct

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

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Frequently Asked Questions

What type of property is this?

Storefront property - C-2 zoning and on-site parking support a range of commercial configurations.

Where is this storefront property located?

The property is located at 92 Route 236 Kittery, ME.

What is the asking price?

The asking price for this property is $495,000.

What are key features of this property?

This property features: 1,500‑square‑foot main‑floor merchandise display area; Basement space available for storage or other use; C‑2 zoning