Rehabilitation Center with Residential
For Sale
$1,250,000
31 Holbrook Road, Auburn, ME 04210
Institutional facility with clinical, administrative, dining, and residential components on an expansive Auburn site.
Property Size12,600 SF
Lot Size2.28 Acres
Price / SF$99.21
Days on Market62
Property Features for 31 Holbrook Road
General Information
Standard status
Active
Size
12,600 SF
Lot size
2.28 Acres
Property subtype
Commercial
Lease Term
[]
Additional Details
Sprinkler System
Yes
Amenities
commercial-standard kitchen
dining facilities
common programming spaces
Building Details
Year Built
1920
Listing Agency:
Keller Williams Coastal and Lakes & Mountains Realty
Listed By:
Peter Metsch · License #070766
(339) 224-0912
Source:
Portsiderealestategroup
Added: Aug 15
Changed: Oct 11
Last Checked: Oct 14 at 11:32PM
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 Keller Williams Coastal and Lakes & Mountains Realty
Investment Insights
Based on property information with market context.
Located at 31 Holbrook Road in Auburn, Maine, this rehabilitation center occupies a 2.28±-acre property with a building constructed in 1920. The facility includes administrative suites, clinical offices, group therapy rooms, and dedicated residential quarters, along with a commercial-standard kitchen, dining areas, and shared programming spaces.
The property has commercial-grade fire suppression, life-safety systems, and emergency egress designed for 24/7 occupancy. Its prior dual-use educational and residential licensing supports consideration for behavioral health, youth residential treatment, assisted living, or specialized vocational school operations, subject to applicable approvals. The site also offers parking and potential for expansion.
The property has commercial-grade fire suppression, life-safety systems, and emergency egress designed for 24/7 occupancy. Its prior dual-use educational and residential licensing supports consideration for behavioral health, youth residential treatment, assisted living, or specialized vocational school operations, subject to applicable approvals. The site also offers parking and potential for expansion.
Key Highlights
- 2.28±-acre rehabilitation center property in Auburn, ME
- Prior dual‑use educational and residential licensing
- Administrative suites, clinical offices, and group therapy rooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$98,953
Cap Rate
7.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,979,060
$2.0M
Cap Rate 7%
$1,413,614
$1.4M
Cap Rate 9%
$1,099,478
$1.1M
Market Conditions
NOI Build-Up for 12,600 SF
Gross rent
$189.0K $15.00/SF
− Vacancy
−$24.1K −$1.91/SF
EGI
$164.9K $13.09/SF
− OpEx
−$66.0K −$5.24/SF
NOI
$99.0K $7.85/SF
Area
Androscoggin County, ME
Vacancy
12.74%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,979,060
Cap Rate 7%
$1,413,614
Cap Rate 9%
$1,099,478
Alternative Uses
Best Use
Apartment 5plus
$1.69M
$1.48M – $1.97M
NOI $118,074 @ 7.0% cap · market cap 9.45%
Second Best
Healthcare Medical
$1.41M
$1.24M – $1.65M
NOI $98,953 @ 7.0% cap · market cap 7.92%
Theoretical Best
Warehouse
$22.38M
$19.58M – $26.11M
NOI $1,566,498 @ 7.0% cap · market cap 125.32%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
5
Businesses Nearby
Explore this area
Business Placement
Demographics for 04210, ME
24,061
Population
11,113
Households
2.2
Avg Household Size
42
Median Age
29%
College-Educated
92%
High-School Grad
59.3 sq mi
ZIP Area
406
Density / Sq Mi
$66,552
Median Household Income
$42,624
Median Earnings
$983
Median Rent
$254,600
Median Home Value
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Frequently Asked Questions
What type of property is this?
Rehabilitation center - Institutional facility with clinical, administrative, dining, and residential components on an expansive Auburn site.
Where is this rehabilitation center located?
The property is located at 31 Holbrook Road Auburn, ME.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: 2.28±-acre rehabilitation center property in Auburn, ME; Prior dual‑use educational and residential licensing; Administrative suites, clinical offices, and group therapy rooms
