2-Unit Storefront
For Sale
$425,000
89 Tandberg Trail, Windham, ME 04062
C-1 zoning and parking at both the front and rear serve the property.
Property Size1,800 SF
Price / SF$236.11
Days on Market968
Property Features for 89 Tandberg Trail
General Information
Standard status
Active
Size
1,800 SF
Property subtype
Commercial
Zoning
C-1
Additional Details
Road Access
Yes
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$2,398
Building Details
Building Size
1,800 SF
Year Built
1950
Buildings
1
Stories
1
Tenancy
Multi
Listing Agency:
Maine Real Estate Experts
(207) 894-5722
Listed By:
Kenyon Clark
(207) 329-6373
Source:
Amerorealty
Added: Mar 8, 2024
Changed: Nov 1
Last Checked: Oct 31 at 2:33PM
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 Maine Real Estate Experts
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Investment Insights
Based on property information with market context.
Built in 1950, this 1,800-square-foot storefront building contains two units. The second unit, measuring 385 square feet, is occupied by a tenant. Signage and a letter board are included in the sale, and parking is available on both sides of the building.
The property is at 89 Tandberg Trail, also identified as Route 115, in downtown Windham, Maine. Its C-1 zoning provides for a range of commercial uses.
The property is at 89 Tandberg Trail, also identified as Route 115, in downtown Windham, Maine. Its C-1 zoning provides for a range of commercial uses.
Key Highlights
- Two‑unit storefront building totaling 1,800 square feet
- Unit 2 measures 385 square feet and is tenant‑occupied
- C‑1 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,824
Cap Rate
4.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$376,480
$376.5K
Cap Rate 7%
$268,914
$268.9K
Cap Rate 9%
$209,156
$209.2K
Market Conditions
NOI Build-Up for 1,800 SF
Gross rent
$32.4K $18.00/SF
− Vacancy
−$5.5K −$3.06/SF
EGI
$26.9K $14.94/SF
− OpEx
−$8.1K −$4.48/SF
NOI
$18.8K $10.46/SF
Area
Cumberland County, ME
Vacancy
17.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$376,480
Cap Rate 7%
$268,914
Cap Rate 9%
$209,156
Alternative Uses
Best Use
Retail
$268.9K
$235.3K – $313.7K
NOI $18,824 @ 7.0% cap · market cap 4.43%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$494.7K
$432.9K – $577.2K
NOI $34,631 @ 7.0% cap · market cap 8.15%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
583
Businesses Nearby
213k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 37%
Apparel 29%
Groceries 18%
Shops & Services 9%
Hannaford
Groceries
37,399 visits/mo
0.5 miles
Marshalls
Apparel
37,275 visits/mo
0.5 miles
McDonald's
Dining
28,580 visits/mo
0.5 miles
Reny's
Apparel
25,153 visits/mo
0.4 miles
Burger King
Dining
15,501 visits/mo
0.5 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Storefront property - C-1 zoning and parking at both the front and rear serve the property.
Where is this storefront property located?
The property is located at 89 Tandberg Trail Windham, ME.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Two‑unit storefront building totaling 1,800 square feet; Unit 2 measures 385 square feet and is tenant‑occupied; C‑1 zoning
