Two-Suite Mixed-Use
For Sale
$995,000
37 Roosevelt Trail #1 2, Casco, ME 04015
Commercially zoned and offered vacant, the property combines finished office space with a separate suite for flexible occupancy.
Property Size7,214 SF
Price / SF$137.93
Days on Market46
Property Features for 37 Roosevelt Trail #1 2
General Information
Standard status
Active
Size
7,214 SF
Property subtype
Commercial
Zoning
Commercial (C)
Additional Details
Road Access
Yes
Office Units
2
Property Use
Office/Retail
Taxes and HOA fees
Annual Taxes
$6,381
Building Details
Building Size
7,214 SF
Year Built
1990
Buildings
1
Stories
1
Listing Agency:
LUX Realty
(207) 899-3845
Listed By:
Daren Hebold
(207) 329-5092
Source:
Amerorealty
Added: Sep 17
Changed: Oct 31
Last Checked: Oct 31 at 2:25PM
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 LUX Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 7,214-SF mixed-use building was constructed in 1990 and is offered vacant. One 2,400-SF suite has a completed professional office buildout; the other suite, measuring 4,800 SF, is to be vacant at closing. The property is organized as a two-unit condominium and carries Commercial (C) zoning.
The building fronts Route 302. Its two distinct suites provide office, retail, service, or professional-use flexibility, as supported by the existing layout and zoning.
The building fronts Route 302. Its two distinct suites provide office, retail, service, or professional-use flexibility, as supported by the existing layout and zoning.
Key Highlights
- 7,214‑SF mixed‑use building, built in 1990
- 2,400‑SF suite finished as professional office space
- 4,800‑SF suite to be vacant at closing
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$89,598
Cap Rate
9.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,791,960
$1.8M
Cap Rate 7%
$1,279,971
$1.3M
Cap Rate 9%
$995,533
$995.5K
Market Conditions
NOI Build-Up for 7,214 SF
Gross rent
$155.8K $21.60/SF
− Vacancy
−$12.5K −$1.73/SF
EGI
$143.4K $19.87/SF
− OpEx
−$53.8K −$7.45/SF
NOI
$89.6K $12.42/SF
Area
Cumberland County, ME
Vacancy
8.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,791,960
Cap Rate 7%
$1,279,971
Cap Rate 9%
$995,533
Alternative Uses
Best Use
Office B
$1.48M
$1.29M – $1.72M
NOI $103,276 @ 7.0% cap · market cap 10.38%
Second Best
Mixed Use
$1.28M
$1.12M – $1.49M
NOI $89,598 @ 7.0% cap · market cap 9.00%
Theoretical Best
Office A
$1.98M
$1.73M – $2.31M
NOI $138,794 @ 7.0% cap · market cap 13.95%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
2
Office units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
8
Businesses Nearby
Explore this area
Business Placement
Demographics for 04015, ME
3,646
Population
2,982
Households
1.2
Avg Household Size
48
Median Age
32%
College-Educated
91%
High-School Grad
31.3 sq mi
ZIP Area
116
Density / Sq Mi
$64,229
Median Household Income
$43,870
Median Earnings
$1,214
Median Rent
$285,200
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercially zoned and offered vacant, the property combines finished office space with a separate suite for flexible occupancy.
Where is this mixed-use property located?
The property is located at 37 Roosevelt Trail #1 2 Casco, 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: 7,214‑SF mixed‑use building, built in 1990; 2,400‑SF suite finished as professional office space; 4,800‑SF suite to be vacant at closing
