Building Details

Year built 1990

Number of units 3

Flooring type Vinyl, Tile, Carpet

Building materials Wood Frame, Clapboard, Vinyl Siding

Roof type Shingle

Buildings 1

Listing Agency: LUX Realty Show Phone

Listed By: Daren Hebold Show Phone

Added: Sep 17 Changed: Oct 30 Last Checked: Nov 3 at 12:06AM

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MLS# 1680984

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.

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Investment Insights

Based on property information with market context.

This 7,214-square-foot mixed-use property includes office and retail space within a two-unit condominium structure wholly owned by the seller. One 2,400-square-foot suite is configured as a finished professional office, while the 4,800-square-foot second suite will be vacant at closing. The layout supports owner occupancy, multi-tenant use, or conversion, with potential applications for retail, service, and professional operations.

The building sits on 1.88 acres with frontage along Route 302 in Casco. Construction includes wood frame, clapboard, and vinyl siding, with carpet, vinyl, and tile flooring. The property has forced-air propane heat, central air, a private well, private sewer, and a shingle roof. Built in 1990, it is zoned Commercial (C).

Key Highlights

• 7,214 SF mixed‑use office and retail building
• 2,400 SF finished professional office suite
• 4,800 SF suite delivered 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

Is this asking price fair?

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 (±1% cap)

NOI $103,276 @ 7.0% cap · market cap 10.38%

Second Best

Mixed Use

$1.28M

$1.12M – $1.49M (±1% cap)

NOI $89,598 @ 7.0% cap · market cap 9.00%

Theoretical Best

Office A

$1.98M

$1.73M – $2.31M (±1% cap)

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

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Retail space

Suggested Use

Top Pick Building Supply Auto Repair Shop Dental Office Storage Facility Furniture & Home Goods Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Office units

Location Intelligence

Trade Area within ½ mile

51

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

13.1% 2019

15.4% 2020

17.6% 2021

19.1% 2022

20.2% 2023

20.9% 2024

19.9% 2025

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Village-Zoned Specialty Property

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Commercially zoned property combines finished professional office space with additional vacant area for flexible occupancy.

Where is this mixed-use property located?

The property is located at 37 Roosevelt Trail 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 office and retail building; 2,400 SF finished professional office suite; 4,800 SF suite delivered vacant at closing