Specialized Laboratory Office
For Sale
$1,499,000
19 Levesque Drive #3, Eliot, ME 03903
Configured for analytical work with scientific equipment, fume hood systems, and related laboratory infrastructure.
Property Size3,420 SF
Price / SF$438.30
Days on Market33
Property Features for 19 Levesque Drive #3
General Information
Standard status
Active
Size
3,420 SF
Property subtype
Commercial
Zoning
C/I
Taxes and HOA fees
Annual Taxes
$5,312
Building Details
Year Built
1985
Buildings
1
Units
1
Listing Agency:
Kw Coastal And Lakes & Mountains Realty/Dover
(603) 610-8988
Listed By:
Darlene Colwell-Ellis · License #042783
(603) 610-8988
Source:
Startpoint
Added: Jul 29
Changed: Aug 29
Last Checked: Aug 29 at 7:21PM
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 Kw Coastal And Lakes & Mountains Realty/Dover
Investment Insights
Based on property information with market context.
Office Unit 3 at Eliot Commons Professional Park is a 3,420± SF commercial building constructed in 1985 and configured for specialized laboratory and office operations. The existing buildout includes analytical laboratory infrastructure, professional fume hood systems, autosamplers, and scientific equipment including Waters ACQUITY UPLC systems, a Waters Xevo TQ-XS LC/MS/MS, Agilent 7850 ICP-MS, Agilent Intuvo 9000 GC with 5977B GC/MSD, and an Agilent 7697A Headspace Sampler.
The property is located at 19 Levesque Drive in Eliot, Maine, with convenient access to Maine and New Hampshire Seacoast markets. C/I zoning supports the property’s commercial classification. The specialized configuration is suited to laboratory and professional office operations where existing technical improvements are relevant to the intended use.
The property is located at 19 Levesque Drive in Eliot, Maine, with convenient access to Maine and New Hampshire Seacoast markets. C/I zoning supports the property’s commercial classification. The specialized configuration is suited to laboratory and professional office operations where existing technical improvements are relevant to the intended use.
Key Highlights
- 3,420± SF office unit configured as an analytical laboratory
- Specialized buildout includes professional fume hood systems and autosamplers
- Waters ACQUITY UPLC systems and Xevo TQ‑XS LC/MS/MS
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$56,020
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.74%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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 3.74%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.08M
$948.6K – $1.26M
NOI $75,889 @ 7.0% cap · market cap 5.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Configured for analytical work with scientific equipment, fume hood systems, and related laboratory infrastructure.
Where is this office units located?
The property is located at 19 Levesque Drive #3 Eliot, ME.
What is the asking price?
The asking price for this property is $1,499,000.
What are key features of this property?
This property features: 3,420± SF office unit configured as an analytical laboratory; Specialized buildout includes professional fume hood systems and autosamplers; Waters ACQUITY UPLC systems and Xevo TQ‑XS LC/MS/MS
