Office Building with Laboratory
For Sale
$1,399,000
19 Levesque Dr Unit 3, Eliot, ME 03903
Configured for analytical laboratory and specialized professional uses with scientific equipment and laboratory infrastructure in place.
Property Size3,420 SF
Price / SF$409.06
Days on Market47
Property Features for 19 Levesque Dr Unit 3
General Information
Standard status
Active
Size
3,420 SF
Building Details
Year Built
1985
Listing Agency:
KW Coastal and Lakes & Mountains Realty/Dover
Listed By:
Darlene G Colwell-Ellis · License #042783
(603) 610-8988
Source:
Langelange
Added: Sep 5
Changed: Oct 3
Last Checked: Oct 7 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 KW Coastal and Lakes & Mountains Realty/Dover
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Investment Insights
Based on property information with market context.
This 3,420± SF office building, constructed in 1985, is configured as an analytical laboratory with specialized improvements and scientific equipment. Existing components include professional fume hood systems, autosamplers, and analytical laboratory infrastructure, along with Waters, Agilent, and related laboratory systems.
The property is located at 19 Levesque Dr Unit 3 in Eliot Commons Professional Park in Eliot, Maine. Its stated use potential includes toxicology, forensic analysis, pharmaceutical research, cannabis and hemp testing, environmental testing, biotechnology, and medical research. The location also provides access to the Maine and New Hampshire Seacoast markets.
The property is located at 19 Levesque Dr Unit 3 in Eliot Commons Professional Park in Eliot, Maine. Its stated use potential includes toxicology, forensic analysis, pharmaceutical research, cannabis and hemp testing, environmental testing, biotechnology, and medical research. The location also provides access to the Maine and New Hampshire Seacoast markets.
Key Highlights
- Approximately 3,420± SF office and laboratory building
- Configured analytical laboratory with specialized buildout
- Waters ACQUITY UPLC systems and Xevo TQ‑XS LC/MS/MS
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.
How Realmo checks its estimates
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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
Frequently Asked Questions
What type of property is this?
Office building - Configured for analytical laboratory and specialized professional uses with scientific equipment and laboratory infrastructure in place.
Where is this office building located?
The property is located at 19 Levesque Dr Unit 3 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: Approximately 3,420± SF office and laboratory building; Configured analytical laboratory with specialized buildout; Waters ACQUITY UPLC systems and Xevo TQ‑XS LC/MS/MS
