Standalone Office
1087 Main Street Sanford, ME 04073
For Sale
$449,900
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 Market22
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
(603) 433-3350
Source:
Greatislandrealty
Added: Jul 8
Changed: Jul 26
Last Checked: Jul 28 at 10:39PM
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
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 For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $27.3k | $24.96 |
| − Vacancy | −$3.4k | −$3.12 |
| EGI | $23.9k | $21.84 |
| − OpEx | −$6.0k | −$5.46 |
| NOI | $17.9k | $16.38 |
1,095 SF · lease $24.96/SF/yr · vacancy 12.50% · expense 25.00%
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.
Property Analytics
Location Intelligence
Current Use
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
