Medical Office Condo
2 Medical Center Unit 3 Biddeford, ME 04005
For Sale
$250,000
Single-story medical office suite with a front waiting room, exam room, private office, reception, restroom, and storage.
Property Size1,088 SF
Price / SF$229.78
Days on Market88
Property Features for 2 Medical Center Unit 3
General Information
Standard status
Active
Size
1,088 SF
Property subtype
Commercial
Building Details
Year Built
1984
Listing Agency:
The Dunham Group
Listed By:
Bryan Plourde
(603) 433-3350
Source:
Greatislandrealty
Added: May 3
Changed: Jul 28
Last Checked: Jul 29 at 4:58PM
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 The Dunham Group
Investment Insights
Based on property information with market context.
Unit 3 at 2 Medical Center Drive is a single-story medical office condo suite adjacent to SMHC Hospital. The interior includes a welcoming front waiting room, large exam room, private doctor’s office, and a large reception area. Additional features include a supply room with a sink, a restroom within the suite, and a rear storage area.
The site is positioned for visibility and convenient access to Route 111 and the Maine Turnpike, supporting easy patient and staff arrival.
This suite offers a dedicated medical office layout suited to practices that want an established, suite-based configuration within a healthcare-adjacent setting.
The site is positioned for visibility and convenient access to Route 111 and the Maine Turnpike, supporting easy patient and staff arrival.
This suite offers a dedicated medical office layout suited to practices that want an established, suite-based configuration within a healthcare-adjacent setting.
Key Highlights
- Single‑story medical office condo (Unit 3) built in 1984, adjacent to SMHC Hospital
- Front waiting room with natural light plus a large reception area
- Includes one large exam room and a private doctor’s office
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $27.2k | $24.96 |
| − Vacancy | −$3.4k | −$3.12 |
| EGI | $23.8k | $21.84 |
| − OpEx | −$5.9k | −$5.46 |
| NOI | $17.8k | $16.38 |
1,088 SF · lease $24.96/SF/yr · vacancy 12.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$254.6K
$222.8K – $297.0K
NOI $17,821 @ 7.0% cap · market cap 7.13%
Second Best
Healthcare Medical
$210.5K
$184.2K – $245.6K
NOI $14,738 @ 7.0% cap · market cap 5.90%
Theoretical Best
Office A
$344.9K
$301.8K – $402.4K
NOI $24,142 @ 7.0% cap · market cap 9.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Similar Off Market Nearby
- Biddeford Animal Hospital — 556 Elm St, Biddeford, ME 04005
- Haven Veterinary Hospice & Senior Care — 6 Pomerleau St, Biddeford, ME 04005
Frequently Asked Questions
What type of property is this?
Medical Office Space - Single-story medical office suite with a front waiting room, exam room, private office, reception, restroom, and storage.
Where is this medical office space located?
The property is located at 2 Medical Center Unit 3 Biddeford, ME.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Single‑story medical office condo (Unit 3) built in 1984, adjacent to SMHC Hospital; Front waiting room with natural light plus a large reception area; Includes one large exam room and a private doctor’s office
