Professional Condo Near Maine
25B Long Creek Drive South Portland, ME 04106
25B Long Creek Drive, South Portland, ME, 04106
Contact for pricing
For Sale
Contact for pricing
Office space ideal for medical, dental, wellness, or clinical services.
Property Size4,530 SF
Price / SF$196.47
Days on Market164
Property Features for 25B Long Creek Drive
General Information
- Standard status
- Active
- Size
- 4,530 SF
- Property subtype
- Office
Building Details
- Year Built
- 1993
Listing Agency
Malone Commercial Brokers
(207) 772-2422
Listed by
Nick Malone · License #SA928529
Source
Crexi
Added: Feb 3 Checked: Jul 16 at 3:43 am
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
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.
Local Financial Insights For Healthcare Medical
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 | $122.3k | $27.00 |
| − Vacancy | −$12.3k | −$2.72 |
| EGI | $110.0k | $24.28 |
| − OpEx | −$44.0k | −$9.71 |
| NOI | $66.0k | $14.57 |
4,530 SF · lease $27.00/SF/yr · vacancy 10.09% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$942.6K
$824.8K – $1.10M
NOI $65,981 @ 7.0% cap · market cap 7.41%
Second Best
Office B
$926.5K
$810.7K – $1.08M
NOI $64,852 @ 7.0% cap · market cap 7.29%
Theoretical Best
Office A
$1.25M
$1.09M – $1.45M
NOI $87,155 @ 7.0% cap · market cap 9.79%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Medical Office Space
Similar For Sale Nearby
Similar Off Market Nearby
- Petco Vaccination Clinic — 220 Maine Mall Rd, South Portland, ME 04106
FAQs
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 $890,000.
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.
