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    432 Us Route 1 Kittery, ME 03904

    • Mixed-use properties
    • 4,856 SF
    • 4.25 lot acres
    For Sale
    View listing
    $1,750,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Mixed-use properties

    Property Details for 432 Us Route 1

    Year built
    1971
    Lot size
    4.25 lot acres
    Property size
    4,856 SF
    Property type
    Mixed-use properties

    Description

    This exceptional mixed-use property, situated on a highly visible 4.25-acre lot along US Route 1 in Kittery, Maine, presents a unique investment opportunity. The property encompasses a total of 4,856 square feet of commercial/warehouse space, complemented by a 1,078-square-foot residential home with a detached two-car garage. This combination offers unparalleled flexibility for a variety of commercial ventures while providing the convenience of on-site living. Currently configured as an auto repair garage, the existing structures are well-suited for continued automotive use or adaptation to other commercial applications. The ample space allows for substantial parking, storage, or other business-related needs. The property's strategic location on a busy thoroughfare ensures high visibility and accessibility. Public water and sewer services are readily available at the property line. The existing buildings provide a solid foundation for immediate use or redevelopment, catering to a wide range of business plans. This property offers a rare blend of residential comfort and commercial potential, making it an attractive investment in a thriving Maine community. Prospective buyers are advised to independently verify all details with the Town of Kittery. Additional information regarding the residential component can be found under Residential MLS #1590041.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Kittery
    County
    York
    State
    Maine
    Longitude
    -70.7199
    Latitude
    43.1204

    Comparable in this City

    • Value Estimation by Request
      2.17 Acres

      275 Us Route 1

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    • Value Estimation
      $640,000
      1,565 SF

      120 State Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 1,565 SF
      120 State Rd, Kittery, ME 03904-1591
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      1,456 SF

      52 State Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 1,456 SF
      52 State Rd, Kittery, ME 03904-1520
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    • Value Estimation by Request
      3,066 SF

      510 Us Rte 1st 1

      OFFICE/RESIDENTIAL (MIXED USE) • 3,066 SF
      510 Us Rte 1st 1, Kittery, ME 03904-5507
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    • Value Estimation by Request
      1,838 SF

      24 Wallingford Sq

      OFFICE/RESIDENTIAL (MIXED USE) • 1,838 SF
      24 Wallingford Sq, Kittery, ME 03904-1617
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    • Value Estimation
      $630,000
      4,763 SF

      25 Government St

      OFFICE/RESIDENTIAL (MIXED USE) • 4,763 SF
      25 Government St, Kittery, ME 03904-1600
      View Details

    Similar Nearby for Sale

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      Kittery Assemblage: Mixed-Use Potential

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    • $2,500,000
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      Prime Kittery Commercial Site

      High-visibility Route 1 location, excellent zoning.
      275 Us Route 1, Kittery, ME 03904
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    • $1,750,000
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      Kittery Mixed-Use Commercial Property

      Prime Route 1 location, versatile 4.25 acres.
      432 Us Route 1, Kittery, ME 03904
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    • $549,000
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      Kittery Mixed-Use Commercial Property

      High-traffic Route 1 location, ample parking.
      424 Us Route 1, Kittery, ME 03904
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      113,353 SF

      Kittery Manufacturing and Warehouse Space

      113,353 SF manufacturing/warehouse on 27 acres near I-95.
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      Kittery Commercial Property For Sale

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    Similar Nearby for Lease

    • Contact for pricing
      1 SF

      275 US Route One

      Land • 2.17 Acres
      275 Us Route 1, Kittery, ME 03904
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      18,025 SF

      Retail Building on Route 1

      Freestanding 18,025 SF commercial building with prominent signage.
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      49,872 SF

      Kittery Outlet Center Retail Space

      Prime Kittery Outlet retail space available.
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      6,650 SF

      Redevelopment Ground Lease Opportunity

      Ground lease opportunity near I-95 and Kittery Outlets.
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    • Contact for pricing
      3,768 SF

      Kittery Outlet Restaurant Opportunity

      Turnkey restaurant space in Kittery Outlet Center.
      340 Us Route 1, Kittery, ME 03904
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    432 Us Route 1
    Kittery, ME 03904
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    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
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