Flex Space Building with
For Sale
$289,000
152 Fairfield Street, Oakland, ME 04963
COMMERCIAL - Oakland, ME
Property Size3,936 SF
Lot Size1.00 Acre
Price / SF$73.42
Days on Market32
Property Features for 152 Fairfield Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
NC
Interior features
Storage
Lot features
Rural
Standard status
Active
Size
3,936 SF
Lot size
1.00 Acre
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
2757
Utilities
Sewer type
Septic Tank, Private Sewer
Heating system
Hot Water(Heating), Propane (Heating), Radiant, Electric (Heating), Heat Pump (Heating)
Cooling system
Heat Pump
Water source
Public
Building Details
Year built
1986
Flooring type
Concrete
Building materials
Wood Frame, Vinyl Siding, Wood Siding
Roof type
Metal
Additional Structures
Storage
Listing Agency:
Portside Real Estate Group
(207) 495-3700
Listed By:
Stephanie Gardner
(207) 592-5577
Added: Jul 7
Changed: Aug 4
Last Checked: Aug 7 at 9:06AM
MLS# 1667607
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.
Investment Insights
Based on property information with market context.
Flex space building totaling 3,936 SF on a 1-acre lot, built in 1986. The interior includes storage and concrete flooring, with a layout that begins at a bright storefront or reception entry and opens into a larger rear footprint that can support high-capacity storage or an expanded retail showroom configuration.
The exterior features a massive private driveway and dedicated parking stalls for both staff and clients. Construction is wood frame with vinyl siding and wood siding, capped with a metal roof. Heating includes a heat pump (heating), propane (heating), hot water (heating), radiant, and electric (heating), with heat pump cooling.
On-site utilities include public water service, along with private sewer and a septic tank. The property also includes professionally curated landscaping and mature fruit trees.
The exterior features a massive private driveway and dedicated parking stalls for both staff and clients. Construction is wood frame with vinyl siding and wood siding, capped with a metal roof. Heating includes a heat pump (heating), propane (heating), hot water (heating), radiant, and electric (heating), with heat pump cooling.
On-site utilities include public water service, along with private sewer and a septic tank. The property also includes professionally curated landscaping and mature fruit trees.
Key Highlights
- 3,936 SF flex space building on a 1‑acre lot
- Storefront or reception entry transitions to expansive rear footprint
- Massive private driveway plus dedicated parking stalls for staff and clients
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$24,847
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.60%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$496,940
$496.9K
Cap Rate 7%
$354,957
$355.0K
Cap Rate 9%
$276,078
$276.1K
Market Conditions
NOI Build-Up for 3,936 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$39.2K $9.96/SF
− Vacancy
−$976 −$0.25/SF
EGI
$38.2K $9.71/SF
− OpEx
−$13.4K −$3.40/SF
NOI
$24.8K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$496,940
Cap Rate 7%
$354,957
Cap Rate 9%
$276,078
Alternative Uses
Best Use
Warehouse
$5.87M
$5.14M – $6.85M
NOI $411,049 @ 7.0% cap · market cap 142.23%
Second Best
Industrial
$4.84M
$4.23M – $5.64M
NOI $338,511 @ 7.0% cap · market cap 117.13%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
68
Businesses Nearby
Well-served
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
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Flex space building with storage, concrete flooring, and heat pump cooling in zoning NC.
Where is this flex space located?
The property is located at 152 Fairfield Street Oakland, ME.
What is the asking price?
The asking price for this property is $289,000.
What are key features of this property?
This property features: 3,936 SF flex space building on a 1‑acre lot; Storefront or reception entry transitions to expansive rear footprint; Massive private driveway plus dedicated parking stalls for staff and clients
