28 Soper Road, Durham, ME 04222

Building Details

Building Size 3,860 SF More

Listing Agency: Androvise Realty

Listed By: Chad Sylvester Show Phone

Source: Integrityhomesrealestategroup

Added: May 22, 2025 Changed: Nov 11 Last Checked: Nov 13 at 6:56PM

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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 Androvise Realty

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Investment Insights

Based on property information with market context.

Two adjacent parcels in Durham, Maine, combine for 6.7 acres and include two mobile homes and a large garage. The land is zoned Rural Residential, with a mix of open ground and wooded areas. The property is located at 28 Soper Road and offers a rural setting with access to major roads and nearby towns.

Key Highlights

• Two adjacent parcels totaling 6.7 acres
• Includes two mobile homes and a large garage
• Rural Residential zoning

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$45,544

Cap Rate

8.30%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$910,880 $910.9K

Cap Rate 7%

$650,629 $650.6K

Cap Rate 9%

$506,044 $506.0K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,860 SF

Gross rent

$83.4K $21.60/SF

− Vacancy

−$10.5K −$2.72/SF

EGI

$72.9K $18.88/SF

− OpEx

−$27.3K −$7.08/SF

NOI

$45.5K $11.80/SF

Area

Androscoggin County, ME

Vacancy

12.60%

Lease Rate

$21.60 /SF/Yr

Expense Ratio

37.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$910,880

Cap Rate 7%

$650,629

Cap Rate 9%

$506,044

Alternative Uses

Best Use

Mixed Use

$650.6K

$569.3K – $759.1K (±1% cap)

NOI $45,544 @ 7.0% cap · market cap 8.30%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$1.20M

$1.05M – $1.40M (±1% cap)

NOI $84,036 @ 7.0% cap · market cap 15.31%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

J & R Auto ... Car Dealership

Suggested Use

Top Pick Auto Repair Shop Big Box & Wholesale Store Locksmith

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

Location Intelligence

Trade Area within ½ mile

6

Businesses Nearby

Explore this area Business Placement

Demographics for 04222, ME

4,173

Population

1,712

Households

2.4

Avg Household Size

42

Median Age

37%

College-Educated

93%

High-School Grad

38.3 sq mi

ZIP Area

109

Density / Sq Mi

$96,492

Median Household Income

$48,346

Median Earnings

$287,800

Median Home Value

Frequently Asked Questions

What type of property is this?

Mixed-use property - The property includes two mobile homes in a rural residential setting.

Where is this mixed-use property located?

The property is located at 28 Soper Road Durham, ME.

What is the asking price?

The asking price for this property is $549,000.

What are key features of this property?

This property features: Two adjacent parcels totaling 6.7 acres; Includes two mobile homes and a large garage; Rural Residential zoning