Building Details

Year built 1900

Flooring type Concrete, Wood

Building materials Steel Frame, Wood Frame, Clapboard, Vinyl Siding, Wood Siding

Roof type Metal, Composition, Shingle

Additional Structures Storage

Listing Agency: Portside Real Estate Group i***@belgradelakepoint.com Show Phone

Listed By: Linda Schultz Show Phone

Added: Jul 7 Changed: Oct 8 Last Checked: Oct 11 at 9:06AM

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MLS# 1657871

Copyright © 2026 Maine Listings. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This flex property combines office, retail, workshop, storage, and studio areas within a reconstructed commercial building. Originally built in 1900, the property received major improvements in 2021, including a walk-out basement with steel-beam support. The building contains 1,864 square feet, with a 1,728-square-foot ground-floor layout that includes a 10-by-7-foot office, small workshop, 6-by-8-foot bonus room, 30-by-43-foot retail area, and utility room. Additional space includes two 10-by-12-foot offices, an 8.5-by-10-foot entryway, and a 32-by-44-foot studio.

The studio features LED lighting, nine new 58-by-32-inch windows, a refinished cedar floor, and added ceiling insulation. Other improvements include new wiring throughout, a new heating system, and a chimney. The property sits at the intersection of Route 27 and Route 225 in Rome, with Belgrade Lakes Village a few minutes away by car.

Key Highlights

• 1,864‑square‑foot flex property on a 0.11‑acre lot
• 2021 reconstruction included a full walk‑out basement with steel‑beam support
• Ground floor measures 1,728 square feet with office, workshop, retail, bonus, and utility areas

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$18,000

Cap Rate

7.93%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$360,000 $360.0K

Cap Rate 7%

$257,143 $257.1K

Cap Rate 9%

$200,000 $200.0K

Market Conditions

NOI Build-Up for 1,864 SF

Gross rent

$26.8K $14.40/SF

− Vacancy

−$1.1K −$0.60/SF

EGI

$25.7K $13.80/SF

− OpEx

−$7.7K −$4.14/SF

NOI

$18.0K $9.66/SF

Area

Kennebec County, ME

Vacancy

4.20%

Lease Rate

$14.40 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$360,000

Cap Rate 7%

$257,143

Cap Rate 9%

$200,000

Alternative Uses

Best Use

Industrial

$2.29M

$2.00M – $2.67M (±1% cap)

NOI $160,311 @ 7.0% cap · market cap 70.62%

Second Best

Retail

$257.1K

$225.0K – $300.0K (±1% cap)

NOI $18,000 @ 7.0% cap · market cap 7.93%

Theoretical Best

Warehouse

$2.78M

$2.43M – $3.24M (±1% cap)

NOI $194,664 @ 7.0% cap · market cap 85.76%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Open Analytics

Current Use

Flex space

Suggested Use

Top Pick HVAC Service Plumbing Service Building Supply Parking Lot & Garage Big Box & Wholesale Store Kitchen & Bath Showroom

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

16

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 04963, ME

7,358

Population

4,279

Households

1.7

Avg Household Size

45

Median Age

24%

College-Educated

95%

High-School Grad

51.1 sq mi

ZIP Area

144

Density / Sq Mi

$73,611

Median Household Income

$49,913

Median Earnings

$885

Median Rent

$228,200

Median Home Value

Market

Vacancy Rate% for Industrial in Northeast region

5.4% 2019

4.6% 2020

3.2% 2021

3.3% 2022

5.3% 2023

6.6% 2024

7.6% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this flex space located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Flex space - Reconstructed commercial building with office, retail, workshop, storage, and studio areas in a steel-supported structure.

Where is this flex space located?

The property is located at 2 Rome Road Rome, ME.

What is the asking price?

The asking price for this property is $227,000.

What are key features of this property?

This property features: 1,864‑square‑foot flex property on a 0.11‑acre lot; 2021 reconstruction included a full walk‑out basement with steel‑beam support; Ground floor measures 1,728 square feet with office, workshop, retail, bonus, and utility areas