Two-Unit Mixed-Use
1-2-37 Roosevelt Trl, Casco, ME 04015
For Sale
$995,000
One suite is configured as a professional office, while the other is vacant for a new occupant’s buildout.
Property Size7,214 SF
Price / SF$137.93
Days on Market55
Property Features for 1-2-37 Roosevelt Trl
General Information
Standard status
Size
Additional Details
Mixed-Use Components
Taxes and HOA fees
Annual Taxes
Building Details
Buildings
Tenancy
Listing Agency:
LUX Realty
(207) 899-3845
Listed By:
Daren Hebold · License ME DB918130
(207) 329-5092
Source:
Exprealty
Added: Sep 17
Changed: Nov 9
Last Checked: Nov 9 at 1:44PM
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 LUX Realty
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Investment Insights
Based on property information with market context.
This 7,214-square-foot mixed-use building is organized as a two-unit condominium. The 2,400-square-foot suite is finished for professional office use, and the 4,800-square-foot suite will be vacant at closing. The property is being offered vacant and can accommodate owner occupancy, multiple tenants, or conversion.
Located at 1-2-37 Roosevelt Trl in Casco, Maine, the building has frontage on Route 302.
Located at 1-2-37 Roosevelt Trl in Casco, Maine, the building has frontage on Route 302.
Key Highlights
- 7,214‑square‑foot office and retail building
- 2,400‑square‑foot suite finished as a professional office
- 4,800‑square‑foot suite to be vacant at closing
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$89,598
Cap Rate
9.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,791,960
$1.8M
Cap Rate 7%
$1,279,971
$1.3M
Cap Rate 9%
$995,533
$995.5K
Market Conditions
NOI Build-Up for 7,214 SF
Gross rent
$155.8K $21.60/SF
− Vacancy
−$12.5K −$1.73/SF
EGI
$143.4K $19.87/SF
− OpEx
−$53.8K −$7.45/SF
NOI
$89.6K $12.42/SF
Area
Cumberland 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 Rate 5%
$1,791,960
Cap Rate 7%
$1,279,971
Cap Rate 9%
$995,533
Alternative Uses
Best Use
Mixed Use
$1.28M
$1.12M – $1.49M
NOI $89,598 @ 7.0% cap · market cap 9.00%
Second Best
Retail
$1.08M
$943.1K – $1.26M
NOI $75,444 @ 7.0% cap · market cap 7.58%
Theoretical Best
Office A
$1.98M
$1.73M – $2.31M
NOI $138,794 @ 7.0% cap · market cap 13.95%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
49
Businesses Nearby
Explore this area
Business Placement
Demographics for 04015, ME
3,646
Population
2,982
Households
1.2
Avg Household Size
48
Median Age
32%
College-Educated
91%
High-School Grad
31.3 sq mi
ZIP Area
116
Density / Sq Mi
$64,229
Median Household Income
$43,870
Median Earnings
$1,214
Median Rent
$285,200
Median Home Value
Market
Average Price Trend$/SF for Mixed-use properties in Cumberland County, ME
Properties on Market for Mixed-use properties in Cumberland County
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - One suite is configured as a professional office, while the other is vacant for a new occupant’s buildout.
Where is this mixed-use property located?
The property is located at 1-2-37 Roosevelt Trl Casco, 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: 7,214‑square‑foot office and retail building; 2,400‑square‑foot suite finished as a professional office; 4,800‑square‑foot suite to be vacant at closing
