Self Storage Facility with
For Sale
$995,000
353 Skowhegan Road, Fairfield, ME 04927
Commercial Sale, Fairfield, ME
Property Size7,392 SF
Lot Size6.92 Acres
Price / SF$134.60
Days on Market78
Property Features for 353 Skowhegan Road
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning
Rural
Lot features
Near Turnpike/ Interstate
Standard status
Active
Size
7,392 SF
Lot size
6.92 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
3626
Utilities
Sewer type
Septic Tank
Heating system
Oil, Forced Air
Cooling system
Central Air
Water source
Well
Building Details
Year built
2003
Flooring type
Linoleum, Concrete
Building materials
Wood Frame, Metal Clad
Roof type
Metal
Listing Agency:
Coldwell Banker Plourde Real Estate · Coldwell Banker Real Estate
(207) 872-7650
Listed By:
Dana Michaud
(207) 314-2268
Added: Jul 11
Changed: Sep 12
Last Checked: Sep 26 at 9:06PM
MLS# 1649168
Copyright © 2026 Maine Listings. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 7,392-square-foot commercial property includes retail space associated with Amish furniture and hardware, along with a 30-by-100-foot self-storage facility. The operation also includes Penske truck rentals. Construction features wood framing, metal cladding, concrete and linoleum flooring, and a metal roof. Heating is provided by forced air with oil, while central air conditioning serves the buildings. The furnace was replaced in 2017, and the AC was replaced in 2023.
The property occupies 6.92 acres and is designated Rural zoning. On-site infrastructure includes a private well and septic tank. The acreage provides the existing retail and storage operation with a substantial land component for its current configuration.
The property occupies 6.92 acres and is designated Rural zoning. On-site infrastructure includes a private well and septic tank. The acreage provides the existing retail and storage operation with a substantial land component for its current configuration.
Key Highlights
- 7,392 square feet of commercial property
- 30x100 self‑storage facility
- 6.92+/- acres with Rural zoning
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$71,382
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.17%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,427,640
$1.4M
Cap Rate 7%
$1,019,743
$1.0M
Cap Rate 9%
$793,133
$793.1K
Market Conditions
NOI Build-Up for 7,392 SF
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.
Gross rent
$106.4K $14.40/SF
− Vacancy
−$4.5K −$0.60/SF
EGI
$102.0K $13.80/SF
− OpEx
−$30.6K −$4.14/SF
NOI
$71.4K $9.66/SF
Area
Kennebec County, ME
Vacancy
4.20%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,427,640
Cap Rate 7%
$1,019,743
Cap Rate 9%
$793,133
Alternative Uses
Best Use
Warehouse
$11.03M
$9.65M – $12.87M
NOI $771,970 @ 7.0% cap · market cap 77.58%
Second Best
Retail
$1.02M
$892.3K – $1.19M
NOI $71,382 @ 7.0% cap · market cap 7.17%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
17
Businesses Nearby
Explore this area
Business Placement
Demographics for 04927, ME
3,370
Population
1,528
Households
2.2
Avg Household Size
44
Median Age
19%
College-Educated
95%
High-School Grad
43.9 sq mi
ZIP Area
77
Density / Sq Mi
$74,544
Median Household Income
$38,289
Median Earnings
$1,122
Median Rent
$172,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Self storage facility - The property combines retail operations, storage improvements, and truck rental activity.
Where is this self storage facility located?
The property is located at 353 Skowhegan Road Fairfield, ME.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: 7,392 square feet of commercial property; 30x100 self‑storage facility; 6.92+/- acres with Rural zoning
