Downtown Professional Office
New
For Sale
$364,900
36 Silver Street, Waterville, ME 04901
Commercial Sale, Waterville, ME
Property Size2,439 SF
Lot Size0.36 Acres
Price / SF$149.61
Days on Market2
Property Features for 36 Silver Street
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
CA
Rooms
Basement
Interior features
Storage
Basement
Full, Unfinished
Lot features
Near Turnpike/ Interstate, Downtown, Near Shopping
Standard status
Active
Size
2,439 SF
Lot size
0.36 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
1
Utilities
Sewer type
Public Sewer
Heating system
Oil, Natural Gas, Baseboard
Water source
Public
Amenities
kitchen facilities
laundry facilities
Building Details
Year built
1930
Number of units
2
Flooring type
Linoleum, Carpet, Wood
Building materials
Wood Frame, Block, Concrete
Roof type
Shingle
Additional Structures
Storage
Listing Agency:
Coldwell Banker Plourde Real Estate · Coldwell Banker Real Estate
(207) 872-7650
Listed By:
Robbin Eusebio
(207) 632-3922
Added: Sep 15
Last Checked: Sep 16 at 4:06AM
MLS# 1680610
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 2,439-square-foot office building at 36 Silver Street is arranged across two-and-a-half floors and includes potentially six or more designated office spaces. The first two floors contain kitchen and laundry facilities, two and one-half baths, storage, and a layout that can support professional office or mixed-use occupancy. The second floor may also function as a two- to three-bedroom living area. Construction includes wood frame, block, and concrete components, with wood, carpet, and linoleum flooring. The building was constructed in 1930 and is served by public water and public sewer, with oil, natural gas, and baseboard heating.
The 0.36-acre property includes on-site parking and is located a short, walkable distance from Main Street and downtown Waterville. Colby College and major corridors are within minutes. The building and lot have been surveyed, and the sale includes a deed specific to the front building and its land. Zoning is CA.
The 0.36-acre property includes on-site parking and is located a short, walkable distance from Main Street and downtown Waterville. Colby College and major corridors are within minutes. The building and lot have been surveyed, and the sale includes a deed specific to the front building and its land. Zoning is CA.
Key Highlights
- 2,439‑square‑foot office building on 0.36 acres
- Two‑and‑a‑half floors with potentially 6+ designated office spaces
- Second floor can support a 2‑3‑bedroom living space
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
$25,161
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
6.90%
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%
$503,220
$503.2K
Cap Rate 7%
$359,443
$359.4K
Cap Rate 9%
$279,567
$279.6K
Market Conditions
NOI Build-Up for 2,439 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
$43.9K $18.00/SF
− Vacancy
−$3.6K −$1.49/SF
EGI
$40.3K $16.51/SF
− OpEx
−$15.1K −$6.19/SF
NOI
$25.2K $10.32/SF
Area
Kennebec County, ME
Vacancy
8.30%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
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%
$503,220
Cap Rate 7%
$359,443
Cap Rate 9%
$279,567
Alternative Uses
Best Use
Office B
$492.5K
$431.0K – $574.6K
NOI $34,478 @ 7.0% cap · market cap 9.45%
Second Best
Mixed Use
$359.4K
$314.5K – $419.4K
NOI $25,161 @ 7.0% cap · market cap 6.90%
Theoretical Best
Warehouse
$3.64M
$3.18M – $4.25M
NOI $254,713 @ 7.0% cap · market cap 69.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
969
Businesses Nearby
Explore this area
Business Placement
Demographics for 04901, ME
26,491
Population
12,084
Households
2.2
Avg Household Size
41
Median Age
30%
College-Educated
93%
High-School Grad
78.8 sq mi
ZIP Area
336
Density / Sq Mi
$54,122
Median Household Income
$33,623
Median Earnings
$957
Median Rent
$188,800
Median Home Value
Check the figures for this property
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Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Office building - Two-and-a-half floors provide flexible office and potential mixed-use configuration with on-site parking.
Where is this office building located?
The property is located at 36 Silver Street Waterville, ME.
What is the asking price?
The asking price for this property is $364,900.
What are key features of this property?
This property features: 2,439‑square‑foot office building on 0.36 acres; Two‑and‑a‑half floors with potentially 6+ designated office spaces; Second floor can support a 2‑3‑bedroom living space
