Flex Space with Open
For Sale
$699,000
39 Enterprise Drive, Arundel, ME 04046
The BI-zoned property offers a clean, adaptable interior suited to a range of commercial configurations.
Property Size2,400 SF
Price / SF$291.25
Days on Market706
Property Features for 39 Enterprise Drive
General Information
Standard status
Active
Size
2,400 SF
Property subtype
Commercial
Zoning
BI
Taxes and HOA fees
Annual Taxes
$5,508
Building Details
Building Size
2,400 SF
Year Built
2015
Stories
1
Listing Agency:
RE/MAX Realty One
(207) 646-1320
Listed By:
Michelle Allen · License #BA921430
(207) 632-6767
Source:
Amerorealty
Added: Nov 25, 2024
Changed: Oct 31
Last Checked: Oct 31 at 2:18PM
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 RE/MAX Realty One
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,400-square-foot flex property was built in 2015 and features an open interior with a clean condition. Its configuration can accommodate a range of commercial layouts, including office, storage, manufacturing, fabrication, or daycare uses. The property is zoned BI.
Key Highlights
- 2,400 square feet of flex space
- Built in 2015
- BI zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,644
Cap Rate
4.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$672,880
$672.9K
Cap Rate 7%
$480,629
$480.6K
Cap Rate 9%
$373,822
$373.8K
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$52.7K $21.96/SF
− Vacancy
−$943 −$0.39/SF
EGI
$51.8K $21.57/SF
− OpEx
−$18.1K −$7.55/SF
NOI
$33.6K $14.02/SF
Area
York County, ME
Vacancy
1.79%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$672,880
Cap Rate 7%
$480,629
Cap Rate 9%
$373,822
Alternative Uses
Best Use
Flex RnD
$480.6K
$420.6K – $560.7K
NOI $33,644 @ 7.0% cap · market cap 4.81%
Second Best
Industrial
$353.6K
$309.4K – $412.5K
NOI $24,749 @ 7.0% cap · market cap 3.54%
Theoretical Best
Office A
$760.8K
$665.7K – $887.6K
NOI $53,255 @ 7.0% cap · market cap 7.62%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
34
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 04046, ME
7,893
Population
4,740
Households
1.7
Avg Household Size
51
Median Age
41%
College-Educated
98%
High-School Grad
44.4 sq mi
ZIP Area
178
Density / Sq Mi
$99,861
Median Household Income
$43,000
Median Earnings
$1,250
Median Rent
$559,900
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Frequently Asked Questions
What type of property is this?
Flex space - The BI-zoned property offers a clean, adaptable interior suited to a range of commercial configurations.
Where is this flex space located?
The property is located at 39 Enterprise Drive Arundel, ME.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: 2,400 square feet of flex space; Built in 2015; BI zoning
