Flex/Warehouse Building with OH
33 Main St Windham, ME 04062
For Sale
Contact for pricing
Built in 2008, this flex/warehouse offers 22-foot ceilings, wet sprinklers, and six grade-level OH doors.
Property Size23,440 SF
Price / SF$109.85
Days on Market64
Property Features for 33 Main St
General Information
- Standard status
- Active
- Size
- 23,440 SF
- Property subtype
- INDUSTRIAL
Listing Agency:
The Dunham Group
(207) 272-3013
Listed By:
Justin Lamontagne, CCIM, SIOR
(207) 272-3013
Source:
Moodyscre
Added: May 21
Changed: Jul 22
Last Checked: Jul 22 at 7:04PM
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 The Dunham Group
Investment Insights
Based on property information with market context.
Built in 2008, this five-bay flex/warehouse building totals approximately 23,440 square feet and is currently 43% leased, with three bays available for occupancy or future tenancy. The facility includes 22-foot ceilings and a wet sprinkler system throughout, supported by public utilities and 3-phase, 480V power. Six grade-level OH doors provide loading flexibility across the warehouse bays.
The property is located in Windham, ME at 33 Main St and sits within the Village Commercial zone, which allows a broad range of light industrial and commercial uses.
For buyers seeking an owned-and-occupied setup, the existing multi-bay configuration and available bays can support a tenant split while maintaining separate areas for operations or future leasing.
The property is located in Windham, ME at 33 Main St and sits within the Village Commercial zone, which allows a broad range of light industrial and commercial uses.
For buyers seeking an owned-and-occupied setup, the existing multi-bay configuration and available bays can support a tenant split while maintaining separate areas for operations or future leasing.
Key Highlights
- Built in 2008: 23,440± SF five‑bay flex/warehouse building
- 22' ceilings and wet sprinkler system throughout
- Six grade‑level OH doors
Financial Insights For Warehouse
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 | $222.2k | $9.48 |
| − Vacancy | −$7.9k | −$0.34 |
| EGI | $214.3k | $9.14 |
| − OpEx | −$32.1k | −$1.37 |
| NOI | $182.1k | $7.77 |
23,440 SF · lease $9.48/SF/yr · vacancy 3.57% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$2.60M
$2.28M – $3.04M
NOI $182,137 @ 7.0% cap · market cap 7.07%
Second Best
Industrial
$2.14M
$1.87M – $2.50M
NOI $149,995 @ 7.0% cap · market cap 5.83%
Theoretical Best
Office A
$6.44M
$5.64M – $7.52M
NOI $450,975 @ 7.0% cap · market cap 17.51%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Wireless Society of Southern ...
Charitable Organization
Windham Fire Rescue ...
Fire Station
FAQs
What type of property is this?
Flex space - Built in 2008, this flex/warehouse offers 22-foot ceilings, wet sprinklers, and six grade-level OH doors.
Where is this flex space located?
The property is located at 33 Main St Windham, ME.
What is the asking price?
The asking price for this property is $2,575,000.
What are key features of this property?
This property features: Built in 2008: 23,440± SF five‑bay flex/warehouse building; 22' ceilings and wet sprinkler system throughout; Six grade‑level OH doors
