Flex Space with Loading
For Sale
$850,000
25 Industrial Drive, Oakland, ME 04963
Office and warehouse areas are paired within a Highway Commercial-zoned property.
Property Size8,160 SF
Price / SF$104.17
Days on Market1010
Property Features for 25 Industrial Drive
General Information
Standard status
Active
Size
8,160 SF
Property subtype
Commercial
Zoning
Highway Commercial
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$4,376
Building Details
Building Size
8,160 SF
Year Built
1998
Stories
1
Listing Agency:
Coldwell Banker Plourde Real Estate
(207) 872-7650
Listed By:
Donald Plourde
(207) 861-2462
Source:
Amerorealty
Added: Jan 26, 2024
Changed: Oct 31
Last Checked: Oct 31 at 2:35PM
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 Coldwell Banker Plourde Real Estate
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 8,160-square-foot flex property combines office and warehouse space, with a loading dock to support its building configuration. Constructed in 1998, it is zoned Highway Commercial.
The property is near I-95, providing highway proximity for business operations.
The property is near I-95, providing highway proximity for business operations.
Key Highlights
- 8,160 square feet of flex space
- Office and warehouse areas in one building
- Loading dock
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,512
Cap Rate
6.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,030,240
$1.0M
Cap Rate 7%
$735,886
$735.9K
Cap Rate 9%
$572,356
$572.4K
Market Conditions
NOI Build-Up for 8,160 SF
Gross rent
$81.3K $9.96/SF
− Vacancy
−$2.0K −$0.25/SF
EGI
$79.2K $9.71/SF
− OpEx
−$27.7K −$3.40/SF
NOI
$51.5K $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 Rate 5%
$1,030,240
Cap Rate 7%
$735,886
Cap Rate 9%
$572,356
Alternative Uses
Best Use
Warehouse
$12.17M
$10.65M – $14.20M
NOI $852,175 @ 7.0% cap · market cap 100.26%
Second Best
Industrial
$10.03M
$8.77M – $11.70M
NOI $701,791 @ 7.0% cap · market cap 82.56%
Theoretical Best
—
—
same as Best Use
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
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
177
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Northeast region
Frequently Asked Questions
What type of property is this?
Flex space - Office and warehouse areas are paired within a Highway Commercial-zoned property.
Where is this flex space located?
The property is located at 25 Industrial Drive Oakland, ME.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: 8,160 square feet of flex space; Office and warehouse areas in one building; Loading dock
