Flex Space with
For Sale
$289,000
152 Fairfield Street, Oakland, ME 04963
Commercial Sale, Oakland, ME
Property Size3,936 SF
Lot Size1.00 Acre
Price / SF$73.42
Days on Market56
Property Features for 152 Fairfield Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
NC
Interior features
Storage
Lot features
Rural
Standard status
Active
Size
3,936 SF
Lot size
1.00 Acre
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
2757
Utilities
Sewer type
Septic Tank, Private Sewer
Heating system
Hot Water(Heating), Propane (Heating), Electric (Heating), Radiant, Heat Pump (Heating)
Cooling system
Heat Pump
Water source
Public
Amenities
professionally curated landscaping
mature fruit trees
Building Details
Year built
1986
Flooring type
Concrete
Building materials
Wood Frame, Vinyl Siding, Wood Siding
Roof type
Metal
Additional Structures
Storage
Listing Agency:
Portside Real Estate Group
(207) 495-3700
Listed By:
Stephanie Gardner
(207) 592-5577
Added: Jul 7
Changed: Aug 19
Last Checked: Aug 31 at 10:06AM
MLS# 1667607
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 3,936-square-foot flex space, built in 1986, combines a storefront or reception entry with a substantial rear area suited to storage or showroom use. The building has concrete flooring, wood-frame construction, vinyl and wood siding, and a metal roof. Heating includes hot water, propane, electric, radiant, and heat pump systems, with heat pump cooling. Public water and private septic infrastructure serve the property.
The site encompasses 1 acre at 152 Fairfield Street in Oakland, Maine. A private driveway provides on-site circulation, with designated parking for staff and visitors. The property is zoned NC and includes exterior landscaping and mature fruit trees. Its interior storage component and open rear footprint support flexible commercial configuration.
The site encompasses 1 acre at 152 Fairfield Street in Oakland, Maine. A private driveway provides on-site circulation, with designated parking for staff and visitors. The property is zoned NC and includes exterior landscaping and mature fruit trees. Its interior storage component and open rear footprint support flexible commercial configuration.
Key Highlights
- 3,936‑square‑foot flex space on a 1‑acre site
- NC zoning in Oakland, Maine
- Storefront or reception entry with expansive rear area
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
$24,847
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
8.60%
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%
$496,940
$496.9K
Cap Rate 7%
$354,957
$355.0K
Cap Rate 9%
$276,078
$276.1K
Market Conditions
NOI Build-Up for 3,936 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
$39.2K $9.96/SF
− Vacancy
−$976 −$0.25/SF
EGI
$38.2K $9.71/SF
− OpEx
−$13.4K −$3.40/SF
NOI
$24.8K $6.31/SF
Area
Kennebec County, ME
Vacancy
2.49%
Lease Rate
$9.96 /SF/Yr
Expense Ratio
35.00%
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%
$496,940
Cap Rate 7%
$354,957
Cap Rate 9%
$276,078
Alternative Uses
Best Use
Industrial
$4.84M
$4.23M – $5.64M
NOI $338,511 @ 7.0% cap · market cap 117.13%
Second Best
Flex RnD
$355.0K
$310.6K – $414.1K
NOI $24,847 @ 7.0% cap · market cap 8.60%
Theoretical Best
Warehouse
$5.87M
$5.14M – $6.85M
NOI $411,049 @ 7.0% cap · market cap 142.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
68
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 04963, ME
7,358
Population
4,279
Households
1.7
Avg Household Size
45
Median Age
24%
College-Educated
95%
High-School Grad
51.1 sq mi
ZIP Area
144
Density / Sq Mi
$73,611
Median Household Income
$49,913
Median Earnings
$885
Median Rent
$228,200
Median Home Value
Market
Vacancy Rate% for Industrial 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?
Flex space - Adaptable commercial building with a storefront entry, rear storage area, private driveway, and dedicated parking.
Where is this flex space located?
The property is located at 152 Fairfield Street Oakland, ME.
What is the asking price?
The asking price for this property is $289,000.
What are key features of this property?
This property features: 3,936‑square‑foot flex space on a 1‑acre site; NC zoning in Oakland, Maine; Storefront or reception entry with expansive rear area
