Fully Leased Retail
For Sale
Contact for pricing
442 US-1, Scarborough, ME 04074
26,464 SF retail plaza on US Route One.
Property Size26,464 SF
Price / SF$188.94
Days on Market1475
Property Features for 442 US-1
General Information
Standard status
Active
Size
26,464 SF
Property subtype
Retail
Zoning
B3
Occupancy
100%
Lease Type
NNN
Building Details
Year Built
1981
Buildings
1
Tenancy
Multi
Listing Agency:
Malone Commercial Brokers
(207) 772-2422
Listed By:
Mark Malone · License #ME 911380
Source:
Crexi
Added: Aug 8, 2022
Changed: Aug 21
Last Checked: Aug 20 at 8:01PM
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 Malone Commercial Brokers
Investment Insights
Based on property information with market context.
The Southgate Retail Plaza is a 26,464± square foot fully-leased retail property. It is located with high visibility on US Route One, which has traffic counts of 24,840± cars per day. Tenants include Tractor Supply Co., Elevate Athletics, and Quality Floor Finishers Showroom. The property includes 100± parking spaces and a large pylon sign. The 2024 Net Operating Income is $343,225.
Key Highlights
- Fully‑leased retail plaza providing immediate income.
- High visibility location on US Route One with significant daily traffic.
- Strong tenant mix including Tractor Supply Co., Elevate Athletics and Quality Floor Finishers Showroom.
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
$276,761
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
5.54%
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%
$5,535,220
$5.5M
Cap Rate 7%
$3,953,729
$4.0M
Cap Rate 9%
$3,075,122
$3.1M
Market Conditions
NOI Build-Up for 26,464 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
$476.4K $18.00/SF
− Vacancy
−$81.0K −$3.06/SF
EGI
$395.4K $14.94/SF
− OpEx
−$118.6K −$4.48/SF
NOI
$276.8K $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%
$5,535,220
Cap Rate 7%
$3,953,729
Cap Rate 9%
$3,075,122
Alternative Uses
Best Use
Retail
$3.95M
$3.46M – $4.61M
NOI $276,761 @ 7.0% cap · market cap 5.54%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$7.27M
$6.36M – $8.49M
NOI $509,156 @ 7.0% cap · market cap 10.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
83
Businesses Nearby
Well-served
Demand for This Use
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 Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- The Gateway Shoppes at Scarborough — 260 Payne Rd, Scarborough, ME 04074
Frequently Asked Questions
What type of property is this?
Shopping center - 26,464 SF retail plaza on US Route One.
Where is this shopping center located?
The property is located at 442 US-1 Scarborough, ME.
What is the asking price?
The asking price for this property is $5,000,000.
What are key features of this property?
This property features: Fully‑leased retail plaza providing immediate income.; High visibility location on US Route One with significant daily traffic.; Strong tenant mix including Tractor Supply Co., Elevate Athletics and Quality Floor Finishers Showroom.
