Flex Space with Open
For Sale
$389,000
131 Roosevelt Trail, Windham, ME 04062
C-3 zoning and a flexible interior support a range of commercial configurations.
Property Size1,580 SF
Lot Size0.49 Acres
Price / SF$246.20
Days on Market438
Property Features for 131 Roosevelt Trail
General Information
Standard status
Active
Size
1,580 SF
Lot size
0.49 Acres
Property subtype
Commercial
Zoning
C-3
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Real Estate Included
Yes
Taxes and HOA fees
Annual Taxes
$1,723
Building Details
Building Size
1,580 SF
Year Built
1986
Listing Agency:
A Team Realty
(207) 894-8484
Listed By:
Ashley Fearon · License #BR924915
(207) 595-0427
Source:
Amerorealty
Added: Aug 21, 2025
Changed: Oct 31
Last Checked: Oct 31 at 2:25PM
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 A Team Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,580-square-foot flex property was built in 1986 and sits on 0.49 acres. Its open interior offers a flexible commercial layout, with C-3 zoning. The building was previously used as an automotive shop.
The property is located on Route 302 in Windham, Maine, with parking on site.
The property is located on Route 302 in Windham, Maine, with parking on site.
Key Highlights
- 1,580‑square‑foot building on 0.49 acres
- C‑3 zoning
- On‑site parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,524
Cap Rate
4.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$330,480
$330.5K
Cap Rate 7%
$236,057
$236.1K
Cap Rate 9%
$183,600
$183.6K
Market Conditions
NOI Build-Up for 1,580 SF
Gross rent
$28.4K $18.00/SF
− Vacancy
−$4.8K −$3.06/SF
EGI
$23.6K $14.94/SF
− OpEx
−$7.1K −$4.48/SF
NOI
$16.5K $10.46/SF
Area
Cumberland County, ME
Vacancy
17.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$330,480
Cap Rate 7%
$236,057
Cap Rate 9%
$183,600
Alternative Uses
Best Use
Retail
$236.1K
$206.6K – $275.4K
NOI $16,524 @ 7.0% cap · market cap 4.25%
Second Best
Industrial
$144.4K
$126.4K – $168.5K
NOI $10,111 @ 7.0% cap · market cap 2.60%
Theoretical Best
Office A
$434.3K
$380.0K – $506.6K
NOI $30,398 @ 7.0% cap · market cap 7.81%
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
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
37
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 04062, ME
18,464
Population
8,695
Households
2.1
Avg Household Size
42
Median Age
42%
College-Educated
98%
High-School Grad
46.7 sq mi
ZIP Area
395
Density / Sq Mi
$98,946
Median Household Income
$57,505
Median Earnings
$1,189
Median Rent
$370,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Northeast region
Frequently Asked Questions
What type of property is this?
Flex space - C-3 zoning and a flexible interior support a range of commercial configurations.
Where is this flex space located?
The property is located at 131 Roosevelt Trail Windham, ME.
What is the asking price?
The asking price for this property is $389,000.
What are key features of this property?
This property features: 1,580‑square‑foot building on 0.49 acres; C‑3 zoning; On‑site parking
