Standalone Office
For Sale
$449,900
1087 Main Street, Sanford, ME 04073
Standalone office offers a reception area, five private offices, and one restroom with updated accessibility features.
Property Size1,095 SF
Price / SF$410.87
Days on Market140
Property Features for 1087 Main Street
General Information
Standard status
Active
Size
1,095 SF
Property subtype
Commercial
Building Details
Year Built
1922
Listing Agency:
Town Square Realty Group
Listed By:
Brian Toth
(207) 432-6198
Source:
Greatislandrealty
Added: Jun 15
Changed: Oct 31
Last Checked: Nov 1 at 6:15AM
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 Town Square Realty Group
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Investment Insights
Based on property information with market context.
This standalone office building is designed for a small office layout, featuring a welcoming reception area, five private offices, and one restroom. The property has been updated with accessibility features to support convenient access.
The building is positioned for main street visibility and includes a spacious parking lot. A detached two-car garage adds additional off-street parking or storage flexibility.
Overall, the improvements and interior configuration make this property well suited for professional use requiring a defined front reception and multiple private offices.
The building is positioned for main street visibility and includes a spacious parking lot. A detached two-car garage adds additional off-street parking or storage flexibility.
Overall, the improvements and interior configuration make this property well suited for professional use requiring a defined front reception and multiple private offices.
Key Highlights
- Standalone office building built in 1922 on Main Street with strong visibility
- Includes a welcoming reception area plus 5 private offices and 1 restroom
- Updated with accessibility features for convenient access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,936
Cap Rate
3.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$358,720
$358.7K
Cap Rate 7%
$256,229
$256.2K
Cap Rate 9%
$199,289
$199.3K
Market Conditions
NOI Build-Up for 1,095 SF
Gross rent
$27.3K $24.96/SF
− Vacancy
−$3.4K −$3.12/SF
EGI
$23.9K $21.84/SF
− OpEx
−$6.0K −$5.46/SF
NOI
$17.9K $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%
$358,720
Cap Rate 7%
$256,229
Cap Rate 9%
$199,289
Alternative Uses
Best Use
Office B
$256.2K
$224.2K – $298.9K
NOI $17,936 @ 7.0% cap · market cap 3.99%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$347.1K
$303.7K – $405.0K
NOI $24,298 @ 7.0% cap · market cap 5.40%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
251
Businesses Nearby
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Business Placement
Demographics for 04073, ME
17,283
Population
7,772
Households
2.2
Avg Household Size
41
Median Age
21%
College-Educated
90%
High-School Grad
37.7 sq mi
ZIP Area
458
Density / Sq Mi
$69,135
Median Household Income
$42,758
Median Earnings
$1,145
Median Rent
$259,500
Median Home Value
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office building - Standalone office offers a reception area, five private offices, and one restroom with updated accessibility features.
Where is this office building located?
The property is located at 1087 Main Street Sanford, ME.
What is the asking price?
The asking price for this property is $449,900.
What are key features of this property?
This property features: Standalone office building built in 1922 on Main Street with strong visibility; Includes a welcoming reception area plus 5 private offices and 1 restroom; Updated with accessibility features for convenient access
