Mixed-Use Property with Steel
New
For Sale
$995,000
935 US Route 1, York, ME 03909
Commercial Sale, York, ME
Property Size6,120 SF
Lot Size1.59 Acres
Price / SF$162.58
Days on Market3
Property Features for 935 US Route 1
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
CD-4
Rooms
Basement
Basement
Walk-Out Access, Unfinished
Lot features
Near Turnpike/ Interstate
Standard status
Active
Size
6,120 SF
Lot size
1.59 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
5907
Utilities
Sewer type
Private Sewer, Septic Tank
Heating system
Heat Pump (Heating), Oil, Electric (Heating), Forced Air
Cooling system
Heat Pump
Water source
Private, Well
Building Details
Flooring type
Concrete, Wood
Building materials
Steel Frame, Wood Frame, Metal Clad, Wood Siding
Roof type
Shingle, Metal
Listing Agency:
Anchor Real Estate
Listed By:
Anchor Real Estate
(207) 361-5007
Added: Sep 24
Last Checked: Sep 26 at 7:06AM
MLS# 1681967
Copyright © 2026 Maine Listings. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1.59-acre mixed-use property in York includes a storefront with an apartment above, plus a separate steel building. The steel building has a half bath and heat pumps, with concrete and wood flooring reported across the property. Heating systems also include oil, electric, and forced air; cooling is provided by heat pumps. Water comes from a private well, and the site uses a septic system.
The property fronts U.S. Route 1 and is within reach of Interstate 95. CD-4 zoning applies. Existing improvements combine commercial and residential components with a separate building on the acreage.
The property fronts U.S. Route 1 and is within reach of Interstate 95. CD-4 zoning applies. Existing improvements combine commercial and residential components with a separate building on the acreage.
Key Highlights
- 1.59 acres with CD‑4 zoning
- Storefront with an apartment on the upper level
- Separate steel building with a half bath and heat pumps
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
$76,010
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
7.64%
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%
$1,520,200
$1.5M
Cap Rate 7%
$1,085,857
$1.1M
Cap Rate 9%
$844,556
$844.6K
Market Conditions
NOI Build-Up for 6,120 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
$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 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%
$1,520,200
Cap Rate 7%
$1,085,857
Cap Rate 9%
$844,556
Alternative Uses
Best Use
Mixed Use
$1.09M
$950.1K – $1.27M
NOI $76,010 @ 7.0% cap · market cap 7.64%
Second Best
Retail
$1.06M
$929.0K – $1.24M
NOI $74,321 @ 7.0% cap · market cap 7.47%
Theoretical Best
Office A
$1.94M
$1.70M – $2.26M
NOI $135,801 @ 7.0% cap · market cap 13.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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?
Mixed-use property - CD-4 zoning accompanies a storefront-and-apartment component and a separate steel-frame building with heat pumps.
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 $995,000.
What are key features of this property?
This property features: 1.59 acres with CD‑4 zoning; Storefront with an apartment on the upper level; Separate steel building with a half bath and heat pumps
