Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    591 Us-1 Scarborough, ME 04074
    Back to Search
    Property profile & analytics

    591 Us-1, Scarborough, ME 04074

    View on Map
    • Land
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Isalis / (Bike/Boat/Book/etc) Store
    • Party City / Party Supply Store / (Bike/Boat/Book/etc) Store
    • Skunk Funk / Big Box & Wholesale Store
    • Carl's Trading Co / Hat Shop
    • Bushka's Kitchen LLC / (Bike/Boat/Book/etc) Store

    Property Details for 591 Us-1

    Property type
    Land

    Description

    This exceptional 1-acre commercial land parcel presents a unique investment opportunity in Scarborough, Maine's thriving Dunstan Corner. Located at 591 US Route 1, this property boasts 290 feet of frontage on a highly visible corner lot at the intersection of Payne Road and US Route One, experiencing over 15,000 cars daily. The site shares a plaza with On The Vine, a well-established boutique grocery store, and enjoys the benefit of a lighted intersection for optimal accessibility. A Rite Aid is conveniently located directly across the street, further enhancing visibility and foot traffic. Zoned TVC (Town and Village Centers), this property offers flexibility for various development scenarios. Potential uses include ground lease, sale, or build-to-suit options, catering to a range of development preferences. The property's 43,560 square foot lot size provides ample space for a variety of commercial ventures, capitalizing on the rapid growth of this area within one of Cumberland County's fastest-growing towns. Shared parking is available within the plaza. This prime location offers unparalleled visibility and accessibility, making it an ideal investment for discerning developers and businesses seeking a strategic foothold in a high-demand market. The property is located in Cumberland County, Maine, with a Scarborough zip code of 04074.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Scarborough
    County
    Cumberland
    State
    Maine
    Longitude
    -70.3867
    Latitude
    43.5724

    Comparable in this City

    • Value Estimation by Request
      0.62 Acres

      6 Payne Rd

      Land
      6 Payne Rd, Scarborough, ME 04074
      View Details
    • Value Estimation by Request
      0.60 Acres

      Science Park Rd

      Land
      0 Science Park Rd, Scarborough, ME 04074
      View Details
    • Value Estimation by Request
      2.83 Acres

      Little Dolphin Dr

      Medical Office Space
      0 Little Dolphin Dr, Scarborough, ME 04074
      View Details
    • Value Estimation
      $510,000
      1.75 Acres

      284 Payne Rd

      COMMERCIAL (GENERAL)
      284 Payne Rd, Scarborough, ME 04074-9566
      View Details
    • Value Estimation
      $3,805,000
      19,725 SF

      275 Pne Pt Rd

      COMMERCIAL (GENERAL)
      275 Pne Pt Rd, Scarborough, ME 04074-9238
      View Details
    • Value Estimation by Request
      1,248 SF

      206 Us Rte 1st 1

      COMMERCIAL (GENERAL)
      206 Us Rte 1st 1, Scarborough, ME 04074-9074
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      10,200 SF

      Shovel-Ready Commercial Site For Sale

      Approved commercial land in high-traffic retail corridor.
      6 Cummings Rd, Scarborough, ME 04074
      View Details
    • Contact for pricing

      Scarborough Development Site on Payne Road

      45.45 acre development site with multiple access points.
      255 Payne Rd, Scarborough, ME 04074
      View Details
    • Contact for pricing

      Undeveloped Land Parcel For Sale

      Undeveloped land with frontage on Mussey Road and I-295.
      114 Mussey Rd, Scarborough, ME 04074
      View Details
    • Contact for pricing

      Scarborough Commercial Land Investment Opportunity

      Prime 0.62-acre parcel off Route 1 in Scarborough, Maine.
      6 Payne Rd, Scarborough, ME 04074
      View Details
    • Contact for pricing

      Prime Scarborough Commercial Land Parcel

      0.62-acre parcel off Route 1 with development potential.
      6 Payne Rd, Scarborough, ME 04074
      View Details
    • Contact for pricing

      Commercial Lots on Route 1

      Commercial lots available for sale or build-to-suit lease.
      1000 Technology Way, Scarborough, ME 04074
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      322,920 SF

      Scarborough Land Parcel For Sale

      Up to 40 acres available near Maine Turnpike.
      107 Mussey Rd, Scarborough, ME 04074
      View Details
    • Contact for pricing

      Prime Pad Site For Lease

      1 +/- acre pad site in Scarborough, Maine.
      591 Us-1, Scarborough, ME 04074
      View Details
    • Contact for pricing

      Prime Pad Site For Lease

      Pad site in a rapidly developing commercial corridor.
      591 Us-1, Scarborough, ME 04074
      View Details
    • Contact for pricing

      New Construction Retail Space

      New construction retail space in a convenient location.
      91 County Rd, Scarborough, ME 04074
      View Details
    • Contact for pricing
      9,000 SF

      Scarborough Retail/Warehouse Space Available

      9,000+/- SF building with warehouse and loading dock for lease.
      400 Roundwood Dr, Scarborough, ME 04074
      View Details
    • Contact for pricing
      35,176 SF

      Class A Office Building

      Suburban office building with remarkable amenities and on-site parking.
      6 Ashley Dr, Scarborough, ME 04074
      View Details
    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.
    591 Us-1
    Scarborough, ME 04074
    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
    591 Us-1, Scarborough, ME, 04074
    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!