Office Unit with
For Sale
$499,900
2 Great Falls Plaza Unit 312, Auburn, ME 04210
Part of a multi-business property with shared amenities, on-site postal service, and parking.
Property Size2,305 SF
Price / SF$216.88
Days on Market15
Property Features for 2 Great Falls Plaza Unit 312
General Information
Standard status
Active
Size
2,305 SF
Elevators
Yes
Property subtype
Commercial
Amenities
USPS location
Building Details
Year Built
1986
Tenancy
Multi
Listing Agency:
EXP Realty
Listed By:
Garret Getch
(207) 841-9433
Source:
Greatislandrealty
Added: Oct 9
Changed: Oct 23
Last Checked: Oct 23 at 11:07AM
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 EXP Realty
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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.
Unit 312 is an office property within a multi-business building at 2 Great Falls Plaza in Auburn. The building was constructed in 1986 and has elevator service to its upper floors. A USPS location occupies the ground floor, and parking includes designated spaces as well as additional on-site spaces for employees and visitors.
Key Highlights
- Office unit at 2 Great Falls Plaza, Unit 312, Auburn, ME 04210
- Built in 1986
- Elevator access to upper floors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,350
Cap Rate
7.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$747,000
$747.0K
Cap Rate 7%
$533,571
$533.6K
Cap Rate 9%
$415,000
$415.0K
Market Conditions
NOI Build-Up for 2,305 SF
Gross rent
$57.0K $24.72/SF
− Vacancy
−$7.2K −$3.11/SF
EGI
$49.8K $21.61/SF
− OpEx
−$12.5K −$5.40/SF
NOI
$37.4K $16.20/SF
Area
Androscoggin County, ME
Vacancy
12.60%
Lease Rate
$24.72 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$747,000
Cap Rate 7%
$533,571
Cap Rate 9%
$415,000
Alternative Uses
Best Use
Office B
$533.6K
$466.9K – $622.5K
NOI $37,350 @ 7.0% cap · market cap 7.47%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$4.09M
$3.58M – $4.78M
NOI $286,570 @ 7.0% cap · market cap 57.33%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,674
Businesses Nearby
Explore this area
Business Placement
Demographics for 04210, ME
24,061
Population
11,113
Households
2.2
Avg Household Size
42
Median Age
29%
College-Educated
92%
High-School Grad
59.3 sq mi
ZIP Area
406
Density / Sq Mi
$66,552
Median Household Income
$42,624
Median Earnings
$983
Median Rent
$254,600
Median Home Value
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - Part of a multi-business property with shared amenities, on-site postal service, and parking.
Where is this office unit located?
The property is located at 2 Great Falls Plaza Unit 312 Auburn, ME.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: Office unit at 2 Great Falls Plaza, Unit 312, Auburn, ME 04210; Built in 1986; Elevator access to upper floors
