NNN Commercial
For Sale
$525,000
14 Heathwood Drive, Windham, ME 04062
Commercial Sale, Windham, ME
Property Size2,501 SF
Lot Size0.42 Acres
Price / SF$209.92
Days on Market139
Property Features for 14 Heathwood Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Comm
Rooms
Basement
Basement
Full
Lot features
Business District, Near Shopping
Standard status
Active
Size
2,501 SF
Lot size
0.42 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
3371
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1976
Listing Agency:
Big Bear Real Estate Company
(207) 764-4600
Listed By:
Michael Willette
(207) 227-5989
Added: Jun 11
Changed: Oct 8
Last Checked: Oct 27 at 7:06PM
MLS# 1654416
Copyright © 2026 Maine Listings. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
The offering comprises a commercial building and its grounds at 14 Heathwood Drive in Windham, Maine. The building contains 2,501 square feet, was constructed in 1976, and includes a basement. Public water and public sewer serve the property, which carries Comm zoning.
The operating business is excluded from the sale. A tenant lease will transfer to the new owner and expires on 7-1-2027. The lease is structured on a triple-net basis. The property occupies 0.42 acres in Cumberland County and is identified by postal code 04062.
The operating business is excluded from the sale. A tenant lease will transfer to the new owner and expires on 7-1-2027. The lease is structured on a triple-net basis. The property occupies 0.42 acres in Cumberland County and is identified by postal code 04062.
Key Highlights
- 2,501‑square‑foot commercial building constructed in 1976
- 0.42‑acre property at 14 Heathwood Drive, Windham, ME 04062
- Tenant lease transfers to the new owner and expires on 7‑1‑2027
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,024
Cap Rate
5.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$560,480
$560.5K
Cap Rate 7%
$400,343
$400.3K
Cap Rate 9%
$311,378
$311.4K
Market Conditions
NOI Build-Up for 2,501 SF
Gross rent
$45.0K $18.00/SF
− Vacancy
−$7.7K −$3.06/SF
EGI
$37.4K $14.94/SF
− OpEx
−$9.3K −$3.74/SF
NOI
$28.0K $11.21/SF
Area
Cumberland County, ME
Vacancy
17.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$560,480
Cap Rate 7%
$400,343
Cap Rate 9%
$311,378
Alternative Uses
Best Use
Specialty Retail
$400.3K
$350.3K – $467.1K
NOI $28,024 @ 7.0% cap · market cap 5.34%
Second Best
Retail
$373.6K
$326.9K – $435.9K
NOI $26,155 @ 7.0% cap · market cap 4.98%
Theoretical Best
Office A
$687.4K
$601.5K – $802.0K
NOI $48,118 @ 7.0% cap · market cap 9.17%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
277
Businesses Nearby
13k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 96%
Shops & Services 4%
Aroma Joe's
Dining
10,579 visits/mo
0.5 miles
Domino's Pizza
Dining
2,166 visits/mo
0.0 miles
Automill Llc
Shops & Services
597 visits/mo
0.4 miles
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
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Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
NNN property - Commercial improvements with public water and public sewer serving the property.
Where is this nnn property located?
The property is located at 14 Heathwood Drive Windham, ME.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: 2,501‑square‑foot commercial building constructed in 1976; 0.42‑acre property at 14 Heathwood Drive, Windham, ME 04062; Tenant lease transfers to the new owner and expires on 7‑1‑2027
