Steel Warehouse
For Sale
$4,250,000
18 Heavy Hammer Lane, Arundel, ME 04046
Commercial Sale, Arundel, ME
Property Size14,720 SF
Lot Size26.00 Acres
Price / SF$288.72
Days on Market48
Property Features for 18 Heavy Hammer Lane
General Information
Property type
Commercial Sale
Property subtype
Other
Property condition
Under Construction
Zoning
ARD
Interior features
Storage
Lot features
Public Transport Access, Near Turnpike/ Interstate, Business District, Industrial Park, Near Shopping, Office Park
Standard status
Active
Size
14,720 SF
Lot size
26.00 Acres
Additional Details
Property Use
Warehouse
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
21937
Utilities
Sewer type
Septic Tank
Heating system
Heat Pump (Heating), Propane (Heating)
Cooling system
Heat Pump
Water source
Well
Building Details
Year built
2025
Number of units
2
Flooring type
Concrete
Building materials
Steel Frame, Metal Clad
Roof type
Metal
Additional Structures
Storage
Buildings
2
Listing Agency:
Harborview Properties, Inc.
(207) 878-7802
Listed By:
Susan Fitzpatrick
(207) 939-7040
Added: Sep 11
Changed: Oct 24
Last Checked: Oct 28 at 7:06AM
MLS# 1680177
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.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This warehouse property includes two steel-frame, metal-clad buildings. One is a 10,000-square-foot clear-span structure with bathrooms, while the other contains 5,500 square feet of warehouse space along with an office and apartment. Concrete flooring, metal roofing, heat-pump systems, propane heating, and storage areas are part of the existing improvements.
The property encompasses 26 acres in Arundel and is zoned ARD. On-site water is provided by a well, with septic service supporting the buildings. The site includes substantial parking and is positioned near shopping and the turnpike. Expansion possibilities are identified in the property information, with the buildings currently listed as under construction and a 2025 year built.
The property encompasses 26 acres in Arundel and is zoned ARD. On-site water is provided by a well, with septic service supporting the buildings. The site includes substantial parking and is positioned near shopping and the turnpike. Expansion possibilities are identified in the property information, with the buildings currently listed as under construction and a 2025 year built.
Key Highlights
- 10,000‑square‑foot clear‑span steel building with bathrooms
- 5,500‑square‑foot warehouse with office and apartment
- 26‑acre commercial property in Arundel
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$184,321
Cap Rate
4.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,686,420
$3.7M
Cap Rate 7%
$2,633,157
$2.6M
Cap Rate 9%
$2,048,011
$2.0M
Market Conditions
NOI Build-Up for 14,720 SF
Gross rent
$220.8K $15.00/SF
− Vacancy
−$4.0K −$0.27/SF
EGI
$216.8K $14.73/SF
− OpEx
−$32.5K −$2.21/SF
NOI
$184.3K $12.52/SF
Area
York County, ME
Vacancy
1.79%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,686,420
Cap Rate 7%
$2,633,157
Cap Rate 9%
$2,048,011
Alternative Uses
Best Use
Warehouse
$2.63M
$2.30M – $3.07M
NOI $184,321 @ 7.0% cap · market cap 4.34%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.67M
$4.08M – $5.44M
NOI $326,632 @ 7.0% cap · market cap 7.69%
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
13
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?
Warehouse - Two steel structures provide warehouse, office, apartment, bathroom, and storage components on a large commercial tract.
Where is this warehouse located?
The property is located at 18 Heavy Hammer Lane Arundel, ME.
What is the asking price?
The asking price for this property is $4,250,000.
What are key features of this property?
This property features: 10,000‑square‑foot clear‑span steel building with bathrooms; 5,500‑square‑foot warehouse with office and apartment; 26‑acre commercial property in Arundel
