Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Downtown Waterville Retail Space Available Title is generated by Realmo AI

    20 Concourse W, Waterville, ME 04901

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    In-line retail space for lease in Downtown Waterville.

    Type:Retail
    Property size:
    25,586 SF
    Added:
    Oct 28, 2023
    Days on Market:
    948
    Last Refresh:
    May 12 at 10:49 pm

    Property Features for 20 Concourse W

    General Information

    Standard status
    Active
    Size
    25,586 SF
    Property subtype
    Retail

    Spaces For Lease

    at 20 Concourse W Contact us

    Available Space $9/Mo

    Size
    14,000 SF
    Type
    Retail
    For Lease: $9.00/SF NNNnCam Rate: $1.86/SF
    Contact us

    We can help!

    Listing Contact
    Charles Craig

    Listing agent Charles Craig License #ME 206397

    Listing office The Dunham Group

    Listing date Oct 28, 2023

    Source Crexi

    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 The Dunham Group

    HighLights

    • Flexible retail space offering 9,950 – 25,586± SF.
    • Excellent visibility, access, and parking.
    • Conveniently located in Downtown Waterville.
    • Proximity to Colby College.
    • Located near shops and restaurants.
    • Join established tenants Goodwill and The Dollar Tree.

    Overview

    Available for lease is a retail space offering between 9,950 and approximately 25,586 square feet. The property is located at 20 Concourse West in Waterville. Situated in Downtown Waterville, the space benefits from its proximity to Colby College, various shops, and restaurants. The location offers excellent visibility, access, and parking. Current tenants include Goodwill and The Dollar Tree.
    Property Profile Location Intelligence

    Current Use by Public Records

    Dollar Tree Discount Store

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Waterville
    County
    Kennebec
    State
    Maine
    Longitude
    -69.6320491
    Latitude
    44.550033

    Nearby Similar for Lease

    • $8 SF/Yr
      4,200 SF

      Downtown Waterville Office Space

      4,200 SF office suite in downtown Waterville for lease.
      180 Main Street, Waterville, ME
      View Details
    • $15 SF/Yr
      2,672 SF

      Renovated Retail Space with Drive-Up

      2,672 SF renovated retail space with drive-up lane.
      295 Kennedy Memorial Dr , Waterville, ME
      View Details
    • $700/Mo
      185 SF

      Landmark Building Office Space

      Office space in downtown Waterville, near the Paul J Schupf Art Center.
      88 Main St, Waterville, ME
      View Details
    • $7 SF/Yr
      8,750 SF

      Waterville Flex Industrial Space

      8,750± SF flex space suitable for cannabis production.
      20 Industrial St, Waterville, ME
      View Details
    • $15 SF/Yr
      4,245 SF

      Retail Suites in Elm Plaza

      Retail suites for lease in Waterville's Elm Plaza.
      140 Elm Plaza, Waterville, ME
      View Details
    • Contact for pricing
      1,135 SF

      Downtown Waterville Office/Retail Space

      First-floor office/retail and Class A office space for lease.
      10 Water St, Waterville, ME
      View Details
    • $10 SF/Yr

      College Place

      Redeveloped historic building with modern amenities and flexible office space.
      32 College Ave, Waterville, ME 04901, Waterville, ME 04901
      View Details
    • $1,850/Mo
      1,326 SF

      Waterville Office Space For Lease

      Recently renovated office space in downtown Waterville with elevator access.
      70 Main St, Waterville, ME
      View Details
    • $9 SF/Yr
      120,000 SF

      Waterville Industrial Build-to-Suit Opportunity

      Industrial build-to-suit opportunity near I-95 in Waterville, Maine.
      Trafton Rd, Waterville, ME
      View Details
    • Contact for pricing

      Downtown Waterville Creative Center Space

      Creative and retail spaces in downtown Waterville along Kennebec River.
      10 Water St, Waterville, ME 04901
      View Details

    FAQs

    What type of property is this?
    Retail space - In-line retail space for lease in Downtown Waterville.
    Where is this retail space located?
    The property is located at 20 Concourse W Waterville, ME.
    What is the lease rate?
    The lease rate is $9 SF/Yr.
    What are key features of this property?
    This property features: Flexible retail space offering **9,950 – 25,586± SF**.; Excellent visibility, access, and parking.; Conveniently located in Downtown Waterville.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Charles Craig
    Real Estate License ID: ME 206397
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    20 Concourse W, Waterville, ME 04901
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!