Building Details

Building Size 1,014 SF

Year Built 1987

Year Renovated 2017

Stories 2

Listing Agency: RE/MAX Realty One a***@yorkmaine.com Show Phone

Listed By: LuAnn Neff Show Phone

Source: Hayesrealestate

Added: Mar 31 Changed: Oct 27 Last Checked: Oct 27 at 4:37AM

Report an Issue

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 RE/MAX Realty One

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This 1,014-square-foot medical office condominium is on the second floor of Bragdon Commons, a professional office building. The suite has two private consultation or treatment rooms, a kitchenette, office space, and a private restroom. Elevator service provides access to the upper-level space, and on-site parking is available. The building dates to 1987, and the suite was renovated in 2017.

Medical offices account for 80% of the building’s occupancy. The property is zoned RT 1-3 and is available for immediate occupancy.

Key Highlights

• 1,014‑square‑foot second‑floor medical office condominium
• Two private consultation or treatment rooms
• Kitchenette, office area, and private restroom

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$16,609

Cap Rate

7.39%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$332,180 $332.2K

Cap Rate 7%

$237,271 $237.3K

Cap Rate 9%

$184,544 $184.5K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,014 SF

Gross rent

$25.3K $24.96/SF

− Vacancy

−$3.2K −$3.12/SF

EGI

$22.1K $21.84/SF

− OpEx

−$5.5K −$5.46/SF

NOI

$16.6K $16.38/SF

Area

York County, ME

Vacancy

12.50%

Lease Rate

$24.96 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$332,180

Cap Rate 7%

$237,271

Cap Rate 9%

$184,544

Alternative Uses

Best Use

Office B

$237.3K

$207.6K – $276.8K (±1% cap)

NOI $16,609 @ 7.0% cap · market cap 7.39%

Second Best

Healthcare Medical

$196.2K

$171.7K – $228.9K (±1% cap)

NOI $13,736 @ 7.0% cap · market cap 6.11%

Theoretical Best

Office A

$321.4K

$281.3K – $375.0K (±1% cap)

NOI $22,500 @ 7.0% cap · market cap 10.00%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Bragdon Commons Business Service Center Dr. Joel W. ... Physician Health Matters Physical ... Physician Independent Health Advantage, ... Medical Clinic Pamela N. Montembeau, ... Physician

Suggested Use

Top Pick Parking Lot & Garage HVAC Service Auto Repair Shop Furniture & Home Goods Auto Parts Store Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

345

Businesses Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Demographics for 03909, ME

10,938

Population

7,101

Households

1.5

Avg Household Size

53

Median Age

50%

College-Educated

98%

High-School Grad

35.2 sq mi

ZIP Area

311

Density / Sq Mi

$108,889

Median Household Income

$55,540

Median Earnings

$1,438

Median Rent

$589,400

Median Home Value

Market

Vacancy Rate% for Office in Northeast region

13.1% 2019

15.4% 2020

17.6% 2021

19.1% 2022

20.2% 2023

20.9% 2024

19.9% 2025

Similar For Sale Nearby

See more

Restaurant Business with Equipment

241 York Street, York, ME 03909

$90,000

1,111 SF

View details

Duplex with Deeded Beach Access

3 Sylvan Circuit, York, ME 03902

$850,000

1,456 SF

View details

Oceanfront Retail Condominium

1 Ocean Avenue, York, ME 03902

$700,000

1,578 SF

View details

Flex Space with Mezzanine

433 Route One, York, ME 03909

$350,000

3,125 SF

View details

Furnished Multifamily Property

7 Cappy's Ln, York, ME 03909

$925,000

2,159 SF

View details

Side-by-Side Duplex with Updated Systems

1327 US-1, York, ME 03902

$700,000

2,427 SF

View details

Colonial Duplex with In-Law Apartment

34 York Street, York, ME 03909

$749,000

2,750 SF

View details

Historic Duplex with In-Law Apartment

88 York Street, York, ME 03909

$1,095,000

3,001 SF

View details

Mixed-Use Property with Steel Building

935 US Route 1, York, ME 03909

$995,000

6,120 SF

View details

Renovated Mixed-Use Building with Elevator

439 York Street, York, ME 03909

$2,990,000

5,501 SF

View details

8-Unit Office Condominium Building

2 Village Park Drive, York, ME 03909

$1,699,000

6,766 SF

View details

Mixed-Use Property with Workshops

1 Fieldstone Estates Road, York, ME 03909

$1,795,000

8,400 SF

View details

Similar Off Market Nearby

• Village Veterinary — 11 York St, York, ME 03909

Frequently Asked Questions

What type of property is this?

Medical Office Space - A second-floor condominium includes private consultation areas, a kitchenette, and a dedicated restroom.

Where is this medical office space located?

The property is located at 1 Brickyard Lane #DD York, ME.

What is the asking price?

The asking price for this property is $224,900.

What are key features of this property?

This property features: 1,014‑square‑foot second‑floor medical office condominium; Two private consultation or treatment rooms; Kitchenette, office area, and private restroom