Warehouse with Loading
Lot 20 Carey Circle, Hampden, ME 04444
For Sale
$3,494,990
Commercial zoning, office space, and access to I-395 and I-95 support a range of warehouse operations.
Property Size17,000 SF
Price / SF$205.59
Days on Market1328
Property Features for Lot 20 Carey Circle
General Information
Standard status
Size
Property subtype
Zoning
Site & Location
Highway Access
Road Access
Additional Details
Clear Height
Building Details
Building Size
Year Built
Stories
Listing Agency:
Realty of Maine
(207) 942-6310
Listed By:
Carissa Marsh
(207) 974-6606
Source:
Amerorealty
Added: Mar 24, 2023
Changed: Nov 6
Last Checked: Nov 9 at 3:57PM
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 Realty of Maine
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 17,000-square-foot warehouse is under construction in Hampden Business Park. The building is framed, with 26-foot ceilings, loading docks, and office space. A concrete pad for the loading dock was poured in October, and paving of the parking area is underway.
The property offers access to I-395, I-95, and the coastal corridor. Commercial zoning is in place. The builder may customize the interior for a buyer, and an NNN lease is also an option.
The property offers access to I-395, I-95, and the coastal corridor. Commercial zoning is in place. The builder may customize the interior for a buyer, and an NNN lease is also an option.
Key Highlights
- 17,000‑square‑foot warehouse in Hampden Business Park
- 26‑foot ceilings, loading docks, and office space
- Framing is complete; parking lot paving is underway
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$112,883
Cap Rate
3.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,257,660
$2.3M
Cap Rate 7%
$1,612,614
$1.6M
Cap Rate 9%
$1,254,256
$1.3M
Market Conditions
NOI Build-Up for 17,000 SF
Gross rent
$142.8K $8.40/SF
− Vacancy
−$10.0K −$0.59/SF
EGI
$132.8K $7.81/SF
− OpEx
−$19.9K −$1.17/SF
NOI
$112.9K $6.64/SF
Area
Penobscot County, ME
Vacancy
7.00%
Lease Rate
$8.40 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,257,660
Cap Rate 7%
$1,612,614
Cap Rate 9%
$1,254,256
Alternative Uses
Best Use
Warehouse
$1.61M
$1.41M – $1.88M
NOI $112,883 @ 7.0% cap · market cap 3.23%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.49M
$4.80M – $6.41M
NOI $384,336 @ 7.0% cap · market cap 11.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
26 ft
Clear height
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
4
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 04444, ME
9,304
Population
3,936
Households
2.4
Avg Household Size
42
Median Age
46%
College-Educated
98%
High-School Grad
69.0 sq mi
ZIP Area
135
Density / Sq Mi
$102,922
Median Household Income
$52,845
Median Earnings
$1,019
Median Rent
$270,900
Median Home Value
Market
Average Price Trend$/SF for Warehouses in Penobscot County, ME
Properties on Market for Warehouses in Penobscot County
Vacancy Rate% for Industrial in Northeast region
Frequently Asked Questions
What type of property is this?
Warehouse - Commercial zoning, office space, and access to I-395 and I-95 support a range of warehouse operations.
Where is this warehouse located?
The property is located at Lot 20 Carey Circle Hampden, ME.
What is the asking price?
The asking price for this property is $3,494,990.
What are key features of this property?
This property features: 17,000‑square‑foot warehouse in Hampden Business Park; 26‑foot ceilings, loading docks, and office space; Framing is complete; parking lot paving is underway
