Professional Condo Near Maine
For Sale
Contact for pricing
25B Long Creek Drive, South Portland, ME 04106
Office space ideal for medical, dental, wellness, or clinical services.
Property Size4,530 SF
Price / SF$193.16
Days on Market258
Property Features for 25B Long Creek Drive
General Information
Standard status
Active
Size
4,530 SF
Property subtype
Office
Zoning
CS - Suburban Commercial
Building Details
Year Built
1993
Listing Agency:
Malone Commercial Brokers
Listed By:
Mark Malone · License #ME 911380
(207) 772-2422
Source:
Crexi
Added: Feb 3
Changed: Oct 7
Last Checked: Oct 19 at 7:29AM
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 Malone Commercial Brokers
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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.
This professional condo offers between 4,530 and 6,230 square feet of office space, suitable for medical, dental, wellness, or clinical services. It includes a 1,700 square foot daylight basement bonus space that is suitable for administrative or professional uses. The property is located near Western Avenue and the Maine Mall, providing convenient access to I-95 and I-295. The building is well-maintained and the space is turnkey, ready for immediate occupancy. Ample parking is available for patients, clients, and staff.
Key Highlights
- Ideal office space for medical, dental, wellness, or clinical services.
- Convenient location near Western Avenue and the Maine Mall with easy highway access (I‑95 and I‑295).
- Turnkey and well‑maintained building.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$65,981
Cap Rate
7.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,319,620
$1.3M
Cap Rate 7%
$942,586
$942.6K
Cap Rate 9%
$733,122
$733.1K
Market Conditions
NOI Build-Up for 4,530 SF
Gross rent
$122.3K $27.00/SF
− Vacancy
−$12.3K −$2.72/SF
EGI
$110.0K $24.28/SF
− OpEx
−$44.0K −$9.71/SF
NOI
$66.0K $14.57/SF
Area
Cumberland County, ME
Vacancy
10.09%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,319,620
Cap Rate 7%
$942,586
Cap Rate 9%
$733,122
Alternative Uses
Best Use
Healthcare Medical
$942.6K
$824.8K – $1.10M
NOI $65,981 @ 7.0% cap · market cap 7.54%
Second Best
Office B
$926.5K
$810.7K – $1.08M
NOI $64,852 @ 7.0% cap · market cap 7.41%
Theoretical Best
Office A
$1.25M
$1.09M – $1.45M
NOI $87,155 @ 7.0% cap · market cap 9.96%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,309
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 04106, ME
26,641
Population
12,849
Households
2.1
Avg Household Size
41
Median Age
49%
College-Educated
95%
High-School Grad
12.2 sq mi
ZIP Area
2,184
Density / Sq Mi
$83,744
Median Household Income
$47,818
Median Earnings
$1,642
Median Rent
$403,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Similar Off Market Nearby
- Petco Vaccination Clinic — 220 Maine Mall Rd, South Portland, ME 04106
Frequently Asked Questions
What type of property is this?
Medical Office Space - Office space ideal for medical, dental, wellness, or clinical services.
Where is this medical office space located?
The property is located at 25B Long Creek Drive South Portland, ME.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: Ideal office space for medical, dental, wellness, or clinical services.; Convenient location near Western Avenue and the Maine Mall with easy highway access (I‑95 and I‑295).; Turnkey and well‑maintained building.
