Office Building with Onsite
For Sale
$650,000
594 Stillwater Ave, Old Town, ME 04468
Office space includes onsite parking and is located minutes from the University of Maine.
Property Size2,500 SF
Price / SF$260
Days on Market73
Property Features for 594 Stillwater Ave
General Information
Standard status
Active
Size
2,500 SF
Building Details
Year Built
1978
Buildings
1
Building Size
2,500 SF
Listing Agency:
EXP Realty
Listed By:
Jamie Brennan
(515) 577-0509
Source:
Aroostookrealestate
Added: Jul 26
Changed: Sep 4
Last Checked: Oct 6 at 12:17AM
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 EXP Realty
Investment Insights
Based on property information with market context.
This 2,500-square-foot office building has a 50-by-50-foot footprint and was built in 1978. Onsite parking is included at the property, located at 594 Stillwater Ave in Old Town, Maine.
The property is situated minutes from the University of Maine and downtown Old Town, with Bangor a short drive away. Its established office configuration and proximity to these destinations provide a straightforward commercial property profile.
The property is situated minutes from the University of Maine and downtown Old Town, with Bangor a short drive away. Its established office configuration and proximity to these destinations provide a straightforward commercial property profile.
Key Highlights
- 2,500‑square‑foot office building
- 50‑by‑50‑foot building footprint
- Built in 1978
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,340
Cap Rate
5.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$706,800
$706.8K
Cap Rate 7%
$504,857
$504.9K
Cap Rate 9%
$392,667
$392.7K
Market Conditions
NOI Build-Up for 2,500 SF
Gross rent
$54.0K $21.60/SF
− Vacancy
−$6.9K −$2.75/SF
EGI
$47.1K $18.85/SF
− OpEx
−$11.8K −$4.71/SF
NOI
$35.3K $14.14/SF
Area
Penobscot County, ME
Vacancy
12.74%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$706,800
Cap Rate 7%
$504,857
Cap Rate 9%
$392,667
Alternative Uses
Best Use
Office B
$504.9K
$441.8K – $589.0K
NOI $35,340 @ 7.0% cap · market cap 5.44%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$807.4K
$706.5K – $942.0K
NOI $56,520 @ 7.0% cap · market cap 8.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
92
Businesses Nearby
Explore this area
Business Placement
Demographics for 04468, ME
8,801
Population
4,664
Households
1.9
Avg Household Size
38
Median Age
33%
College-Educated
96%
High-School Grad
122.8 sq mi
ZIP Area
72
Density / Sq Mi
$51,063
Median Household Income
$36,005
Median Earnings
$980
Median Rent
$182,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Office building - Office space includes onsite parking and is located minutes from the University of Maine.
Where is this office building located?
The property is located at 594 Stillwater Ave Old Town, ME.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 2,500‑square‑foot office building; 50‑by‑50‑foot building footprint; Built in 1978
