Building Details

Building Size 6,120 SF

Construction steel

Abandoned No

Listing Agency: Anchor Real Estate

Listed By: Anchor Real Estate Show Phone

Source: Newspacere

Added: Sep 24 Changed: Nov 5 Last Checked: Nov 5 at 9:13AM

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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 mixed-use property in York includes a storefront with an apartment on the upper level, plus a separate steel building of approximately 4,600 square feet. The steel building has a half bath and recently installed heat pumps. The site encompasses more than 1.5 acres and is zoned CD-4; any use is subject to applicable zoning requirements.

The property fronts US Route 1, with access to Interstate 95. Local beaches and area amenities are also noted in the surrounding context.

Key Highlights

• More than 1.5 acres
• Approximately 4,600‑square‑foot steel building
• Storefront with an apartment above

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$76,010

Cap Rate

8.45%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,520,200 $1.5M

Cap Rate 7%

$1,085,857 $1.1M

Cap Rate 9%

$844,556 $844.6K

Is this asking price fair?

Market Conditions

NOI Build-Up for 6,120 SF

Gross rent

$132.2K $21.60/SF

− Vacancy

−$10.6K −$1.73/SF

EGI

$121.6K $19.87/SF

− OpEx

−$45.6K −$7.45/SF

NOI

$76.0K $12.42/SF

Area

York County, ME

Vacancy

8.00%

Lease Rate

$21.60 /SF/Yr

Expense Ratio

37.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,520,200

Cap Rate 7%

$1,085,857

Cap Rate 9%

$844,556

Alternative Uses

Best Use

Mixed Use

$1.09M

$950.1K – $1.27M (±1% cap)

NOI $76,010 @ 7.0% cap · market cap 8.45%

Second Best

Retail

$1.06M

$929.0K – $1.24M (±1% cap)

NOI $74,321 @ 7.0% cap · market cap 8.27%

Theoretical Best

Office A

$1.94M

$1.70M – $2.26M (±1% cap)

NOI $135,801 @ 7.0% cap · market cap 15.11%

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 Auto Repair Shop HVAC Service Hair Salon Plumbing Service Garden Center Kitchen & Bath Showroom

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

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

62

Businesses Nearby

Explore this area Business Placement

Demographics for 03909, ME

10,938

Population

7,101

Households

1.5

Avg Household Size

53

Median Age

50%

College-Educated

98%

High-School Grad

35.2 sq mi

ZIP Area

311

Density / Sq Mi

$108,889

Median Household Income

$55,540

Median Earnings

$1,438

Median Rent

$589,400

Median Home Value

Market

Average Price Trend$/SF for Mixed-use properties in York County, ME

$424 Jul

$374 Aug

$323 Sep

$283 Oct

Properties on Market for Mixed-use 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?

Mixed-use property - A storefront, an upstairs apartment, and a separate steel building provide multiple functional spaces on one commercial property.

Where is this mixed-use property located?

The property is located at 935 US Route 1 York, ME.

What is the asking price?

The asking price for this property is $899,000.

What are key features of this property?

This property features: More than 1.5 acres; Approximately 4,600‑square‑foot steel building; Storefront with an apartment above