Building Details

Building Size 3,519 SF

Year Built 1900

Stories 2

Tenancy Multi

Listing Agency: Keller Williams Realty k***@kw.com Show Phone

Listed By: Kelly Austin Show Phone

Source: Amerorealty

Added: May 18, 2024 Changed: Oct 31 Last Checked: Oct 31 at 2:38PM

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Investment Insights

Based on property information with market context.

At 143 Lisbon Street, this 3,519-square-foot mixed-use property dates to 1900 and includes four units: one residential and three commercial. The 1.9-acre site has an unfinished barn, landscaped and hardscaped grounds, an irrigation system, programmable exterior lighting, and an oversized parking area. Village zoning is reported for the property.

The site has road frontage, and the rear area may allow creation of two additional lots, subject to town approval. The existing unit mix brings residential and commercial occupancy together on one property.

Key Highlights

• Four units: one residential and three commercial
• 3,519 square feet on 1.9 acres
• Unfinished barn on site

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$41,521

Cap Rate

6.39%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$830,420 $830.4K

Cap Rate 7%

$593,157 $593.2K

Cap Rate 9%

$461,344 $461.3K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,519 SF

Gross rent

$76.0K $21.60/SF

− Vacancy

−$9.6K −$2.72/SF

EGI

$66.4K $18.88/SF

− OpEx

−$24.9K −$7.08/SF

NOI

$41.5K $11.80/SF

Area

Androscoggin County, ME

Vacancy

12.60%

Lease Rate

$21.60 /SF/Yr

Expense Ratio

37.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$830,420

Cap Rate 7%

$593,157

Cap Rate 9%

$461,344

Alternative Uses

Best Use

Mixed Use

$593.2K

$519.0K – $692.0K (±1% cap)

NOI $41,521 @ 7.0% cap · market cap 6.39%

Second Best

—

—

no second resolved use

Theoretical Best

Warehouse

$6.25M

$5.47M – $7.29M (±1% cap)

NOI $437,501 @ 7.0% cap · market cap 67.32%

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

Lisbon Lash Co. Hair Salon Brenda Thompson Lcpc Counselor 2022 Alchemy Massage ... Alternative Medicine Practice Bark Bros Agricultural Supply

Suggested Use

Top Pick Restaurant Building Supply Big Box & Wholesale Store Pharmacy Law Firm Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant

Tenancy

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

82

Businesses Nearby

Explore this area Business Placement

Demographics for 04250, ME

4,813

Population

2,038

Households

2.4

Avg Household Size

46

Median Age

21%

College-Educated

95%

High-School Grad

11.7 sq mi

ZIP Area

411

Density / Sq Mi

$71,903

Median Household Income

$49,091

Median Earnings

$854

Median Rent

$225,500

Median Home Value

Similar For Sale Nearby

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Mixed-Use Property with Restaurant

222 Lisbon Street, Lisbon, ME 04250

$309,900

2,095 SF

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Mixed-Use Property with Garage

8 Lisbon Street, Lisbon, ME 04250

$175,000

1,161 SF

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Duplex with Attached Garage

Lisbon, ME 04250

$420,000

2,547 SF

View details

Frequently Asked Questions

What type of property is this?

Mixed-use property - The property combines commercial and residential space with an unfinished barn and landscaped outdoor areas.

Where is this mixed-use property located?

The property is located at 143 Lisbon Street Lisbon, ME.

What is the asking price?

The asking price for this property is $649,900.

What are key features of this property?

This property features: Four units: one residential and three commercial; 3,519 square feet on 1.9 acres; Unfinished barn on site