Building Details

Year Built 1979

Listing Agency: Harborview Properties, Inc.

Listed By: Francis Curran Show Phone

Source: Aroostookrealestate

Added: Aug 16 Changed: Sep 6 Last Checked: Oct 5 at 9:26PM

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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 Harborview Properties, Inc.

Investment Insights

Based on property information with market context.

This mixed-use property contains 4,112 square feet and was built in 1979. The building is currently used for printing and embroidery operations, with a layout that includes dedicated commercial workspace and a full basement suitable for additional operating area or storage.

A three-bedroom apartment occupies the second floor and is presently used in connection with the business. The combination of commercial operations, residential space, and basement utility creates a diversified configuration within one building. The property is located at 82 Libby Hill Road in Oakland, Maine.

Key Highlights

• 4,112‑square‑foot mixed‑use property built in 1979
• Currently operating as a printing and embroidery business
• Three‑bedroom apartment on the second floor

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$25,958

Cap Rate

6.57%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$519,160 $519.2K

Cap Rate 7%

$370,829 $370.8K

Cap Rate 9%

$288,422 $288.4K

Market Conditions

NOI Build-Up for 4,112 SF

Gross rent

$41.0K $9.96/SF

− Vacancy

−$1.0K −$0.25/SF

EGI

$39.9K $9.71/SF

− OpEx

−$14.0K −$3.40/SF

NOI

$26.0K $6.31/SF

Area

Kennebec County, ME

Vacancy

2.49%

Lease Rate

$9.96 /SF/Yr

Expense Ratio

35.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$519,160

Cap Rate 7%

$370,829

Cap Rate 9%

$288,422

Alternative Uses

Best Use

Industrial

$5.05M

$4.42M – $5.89M (±1% cap)

NOI $353,648 @ 7.0% cap · market cap 89.53%

Second Best

Mixed Use

$606.0K

$530.3K – $707.0K (±1% cap)

NOI $42,420 @ 7.0% cap · market cap 10.74%

Theoretical Best

Warehouse

$6.13M

$5.37M – $7.16M (±1% cap)

NOI $429,429 @ 7.0% cap · market cap 108.72%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Flex space

Suggested Use

Top Pick Building Supply Real Estate Agency Auto Parts Store HVAC Service Dental Office Pharmacy

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

44

Businesses Nearby

Explore this area Business Placement

Demographics for 04963, ME

7,358

Population

4,279

Households

1.7

Avg Household Size

45

Median Age

24%

College-Educated

95%

High-School Grad

51.1 sq mi

ZIP Area

144

Density / Sq Mi

$73,611

Median Household Income

$49,913

Median Earnings

$885

Median Rent

$228,200

Median Home Value

Market

Vacancy Rate% for Industrial in Northeast region

5.4% 2019

4.6% 2020

3.2% 2021

3.3% 2022

5.3% 2023

6.6% 2024

7.6% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this mixed-use properties located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Commercial building combines an operating print business, residential space, and a full basement for business use or storage.

Where is this mixed-use property located?

The property is located at 82 Libby Hill Rd Oakland, ME.

What is the asking price?

The asking price for this property is $395,000.

What are key features of this property?

This property features: 4,112‑square‑foot mixed‑use property built in 1979; Currently operating as a printing and embroidery business; Three‑bedroom apartment on the second floor