Specialized Laboratory Office
For Sale
$1,499,000
19 Levesque Drive, Eliot, ME 03903
Configured for analytical laboratory work with specialized scientific systems and professional office infrastructure.
Property Size3,420 SF
Price / SF$438.30
Days on Market143
Property Features for 19 Levesque Drive
General Information
Standard status
Active
Size
3,420 SF
Property subtype
Commercial
Lease Term
[]
Amenities
1st Floor 1/2 Bathroom
1st Floor Hrd Surfce Flr
1st Floor Low-Pile Carpet
Access to Parking
Access to Restroom(s)
Accessibility Features
Hard Surface Flooring
Low Pile Carpet
Low Pressure Door Opening
No Stairs
No Stairs from Parking
One-Level Business
Pa
Building Details
Year Built
1985
Buildings
1
Building Size
3,420 SF
Listing Agency:
KW Coastal and Lakes & Mountains Realty/Dover
Listed By:
Darlene Colwell-Ellis
(603) 600-8900
Source:
Portsiderealestategroup
Added: Apr 10
Changed: Aug 29
Last Checked: Aug 26 at 1:07PM
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.
This 3,420± SF office building, constructed in 1985, is arranged for specialized laboratory and professional operations. The existing buildout includes analytical laboratory infrastructure, fume hood systems, autosamplers, and scientific equipment such as Waters ACQUITY UPLC systems, a Waters Xevo TQ-XS LC/MS/MS, an Agilent 7850 ICP-MS, an Agilent Intuvo 9000 GC with 5977B GC/MSD, and an Agilent 7697A Headspace Sampler.
The property is located at 19 Levesque Drive within Eliot Commons Professional Park in Eliot, Maine. Its setting provides access to the Maine and New Hampshire Seacoast markets. The configuration supports laboratory and office users requiring specialized improvements already incorporated into the building.
The property is located at 19 Levesque Drive within Eliot Commons Professional Park in Eliot, Maine. Its setting provides access to the Maine and New Hampshire Seacoast markets. The configuration supports laboratory and office users requiring specialized improvements already incorporated into the building.
Key Highlights
- Approximately 3,420± SF office building constructed in 1985
- Analytical laboratory buildout with professional office infrastructure
- Waters ACQUITY UPLC systems and Waters 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 building - Configured for analytical laboratory work with specialized scientific systems and professional office infrastructure.
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 $1,499,000.
What are key features of this property?
This property features: Approximately 3,420± SF office building constructed in 1985; Analytical laboratory buildout with professional office infrastructure; Waters ACQUITY UPLC systems and Waters Xevo TQ‑XS LC/MS/MS
