Single-Level Medical Office
For Sale
Contact for pricing
9 Pleasant Street, Oakland, ME 04963
Commercial space with on-site parking in Oakland, positioned across from the town office.
Property Size5,300 SF
Price / SF$0.00
Days on Market1868
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Property Features for 9 Pleasant Street
General Information
Standard status
Active
Size
5,300 SF
Property subtype
Commercial
Lease Term
[]
Building Details
Year Built
1976
Stories
1
Listed By:
Don Plourde
(207) 861-2462
Source:
Cbplourde
Added: Sep 4, 2021
Changed: Oct 15
Last Checked: Oct 15 at 12:05AM
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 Don Plourde
Investment Insights
Based on property information with market context.
The property is a 5,300-square-foot, single-level building at 9 Pleasant Street in Oakland, Maine. It was built in 1976 and was most recently used as a medical office, providing an established framework for professional occupancy.
The building is located across from the town office and is positioned on the right side of Pleasant Street when entering Oakland. Ample parking supports access to the property and its single-story layout.
The building is located across from the town office and is positioned on the right side of Pleasant Street when entering Oakland. Ample parking supports access to the property and its single-story layout.
Key Highlights
- 5,300‑square‑foot single‑level medical office building
- Built in 1976
- Most recently used as a medical office
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$71,718
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,434,360
$1.4M
Cap Rate 7%
$1,024,543
$1.0M
Cap Rate 9%
$796,867
$796.9K
Market Conditions
NOI Build-Up for 5,300 SF
Gross rent
$127.2K $24.00/SF
− Vacancy
−$7.7K −$1.45/SF
EGI
$119.5K $22.55/SF
− OpEx
−$47.8K −$9.02/SF
NOI
$71.7K $13.53/SF
Area
Kennebec County, ME
Vacancy
6.03%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,434,360
Cap Rate 7%
$1,024,543
Cap Rate 9%
$796,867
Alternative Uses
Best Use
Office B
$1.07M
$936.5K – $1.25M
NOI $74,921 @ 7.0% cap · market cap 832,455.56%
Second Best
Healthcare Medical
$1.02M
$896.5K – $1.20M
NOI $71,718 @ 7.0% cap · market cap 796,866.67%
Theoretical Best
Warehouse
$7.91M
$6.92M – $9.22M
NOI $553,496 @ 7.0% cap · market cap 6,149,955.56%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
220
Businesses Nearby
Balanced
Demand for This Use
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
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
Frequently Asked Questions
What type of property is this?
Medical Office Space - Commercial space with on-site parking in Oakland, positioned across from the town office.
Where is this medical office space located?
The property is located at 9 Pleasant Street Oakland, ME.
What are key features of this property?
This property features: 5,300‑square‑foot single‑level medical office building; Built in 1976; Most recently used as a medical office
