1102 Bridgton Road Westbrook, ME 04092
Light industrial flex property with multiple tenants and remodeled barn office and workshop space.
- Added:
- Jul 8, 2026
- Days on Market:
- 7
- Last Refresh:
- Jul 11 at 3:16 am
Property Features for 1102 Bridgton Road
General Information
- Standard status
- Active
- Size
- 13,549 SF
- Property subtype
- Mixed Use, Office
Listing office The Dunham Group (207) 773-7100
Listing date Jul 8, 2026
Source Crexi
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 The Dunham Group
Investment Insights
Based on property information with market context.
The property is located along Route 302 and is described as having high visibility. Recent improvements include a full remodel of the barn into office and workshop space, with a new foundation, slab, siding, roof, windows, doors, and related upgrades. Additional updates include new epoxy flooring throughout, two new bathrooms in the primary building occupied by Miliken Bros., and a newly paved parking lot.
The combination of light industrial tenants and upgraded flex space supports both investment ownership and owner-user flexibility within a multi-income layout.
Key Highlights
- Fully occupied, multi‑tenanted light industrial property with an additional leased single‑family home on highly visible Route 302
- Tenant mix includes multiple light industrial tenants plus one unit currently owner‑occupied by Epoxy Floors Northeast (willing to lease back or vacate)
- Barn remodel into office and workshop space, including new foundation, slab, siding, roof, windows, doors, and related upgrades
Local Financial Insights For Warehouse
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 | $128.4k | $9.48 |
| − Vacancy | −$4.6k | −$0.34 |
| EGI | $123.9k | $9.14 |
| − OpEx | −$18.6k | −$1.37 |
| NOI | $105.3k | $7.77 |
