Office Building with Laboratory
For Sale
$1,399,000
19 Levesque Drive, Eliot, ME 03903
Commercial Sale, Eliot, ME
Property Size3,420 SF
Lot Size3.60 Acres
Price / SF$409.06
Days on Market155
Property Features for 19 Levesque Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C/I
Parking features
Off Street
Accessibility
Accessible Approach with Ramp
Lot features
Near Shopping, Curbing, Landscaped, Level
Directions
GPS friendly - Sign on property
Standard status
Active
Lot size
3.60 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
5312
Utilities
Utilities
Cable Available
Heating system
Baseboard, Electric (Heating)
Cooling system
Central Air
Water source
Public
Building Details
Year built
1985
Building materials
Wood Frame, Vinyl Siding
Roof type
Shingle
Listing Agency:
KW Coastal and Lakes & Mountains Realty/Dover · Keller Williams Realty
(603) 969-6632
Listed By:
Darlene Colwell-Ellis · License #042783
(603) 610-8500
Added: May 7
Changed: Oct 2
Last Checked: Oct 8 at 2:06AM
MLS# 5087631
Copyright © 2026 PrimeMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This office building in Eliot Commons Professional Park is configured as an analytical laboratory with professional office space and specialized scientific infrastructure. Existing equipment includes Waters ACQUITY UPLC systems, a Waters Xevo TQ-XS LC/MS/MS, Agilent ICP-MS and GC/MSD systems, a headspace sampler, autosamplers, and professional fume hood systems. The improvements include a wood-frame structure with vinyl siding, electric baseboard heat, central air, shingle roofing, and an accessible approach with ramp.
The property encompasses 3.6 acres at 19 Levesque Drive in Eliot, Maine. It carries C/I zoning and is served by public water, with cable available. Off-street parking is provided. Built in 1985, the building offers an established setting for laboratory and professional office operations.
The property encompasses 3.6 acres at 19 Levesque Drive in Eliot, Maine. It carries C/I zoning and is served by public water, with cable available. Off-street parking is provided. Built in 1985, the building offers an established setting for laboratory and professional office operations.
Key Highlights
- Analytical laboratory and professional office configuration
- Specialized Waters and Agilent laboratory equipment in place
- 3.6 acres at 19 Levesque Drive, Eliot, ME 03903
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$56,020
Cap Rate
4.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,120,400
$1.1M
Cap Rate 7%
$800,286
$800.3K
Cap Rate 9%
$622,444
$622.4K
Market Conditions
NOI Build-Up for 3,420 SF
Gross rent
$85.4K $24.96/SF
− Vacancy
−$10.7K −$3.12/SF
EGI
$74.7K $21.84/SF
− OpEx
−$18.7K −$5.46/SF
NOI
$56.0K $16.38/SF
Area
York County, ME
Vacancy
12.50%
Lease Rate
$24.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,120,400
Cap Rate 7%
$800,286
Cap Rate 9%
$622,444
Alternative Uses
Best Use
Office B
$800.3K
$700.3K – $933.7K
NOI $56,020 @ 7.0% cap · market cap 4.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.08M
$948.6K – $1.26M
NOI $75,889 @ 7.0% cap · market cap 5.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
184
Businesses Nearby
Explore this area
Business Placement
Demographics for 03903, ME
6,717
Population
3,092
Households
2.2
Avg Household Size
48
Median Age
41%
College-Educated
100%
High-School Grad
19.8 sq mi
ZIP Area
339
Density / Sq Mi
$100,472
Median Household Income
$44,375
Median Earnings
$1,837
Median Rent
$465,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Office building - Configured analytical laboratory and professional office property with specialized equipment, central air, and off-street parking.
Where is this office building located?
The property is located at 19 Levesque Drive Eliot, ME.
What is the asking price?
The asking price for this property is $1,399,000.
What are key features of this property?
This property features: Analytical laboratory and professional office configuration; Specialized Waters and Agilent laboratory equipment in place; 3.6 acres at 19 Levesque Drive, Eliot, ME 03903
