Accessible Medical
For Sale
$340,000
39 Ossipee Trail E, Standish, ME 04084
An addition completed in 1998 expanded the building, which was later configured for office use.
Property Size1,920 SF
Price / SF$177.08
Days on Market966
Property Features for 39 Ossipee Trail E
General Information
Standard status
Active
Size
1,920 SF
Property subtype
Commercial
Zoning
Town Main
Additional Details
Property Use
Office
Taxes and HOA fees
Annual Taxes
$3,443
Amenities
handicap accessible
Building Details
Building Size
1,920 SF
Year Built
1970
Year Renovated
1998
Stories
2
Listing Agency:
Landing Real Estate
(207) 775-7653
Listed By:
Zachary Simon
(207) 409-5151
Source:
Amerorealty
Added: Mar 11, 2024
Changed: Oct 31
Last Checked: Oct 31 at 2:31PM
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 Landing Real Estate
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Investment Insights
Based on property information with market context.
This 1,920-square-foot medical office property was built in 1970 and adapted from a single-family home, with an addition completed in 1998. Its previous office configuration served as a chiropractic clinic. The building has new paint and handicap access, with ample on-site parking. Town Main zoning applies.
The property is on Ossipee Trail E in Standish Town Center, near Route 25. Its earlier residential configuration and subsequent office conversion provide a documented history of changing use.
The property is on Ossipee Trail E in Standish Town Center, near Route 25. Its earlier residential configuration and subsequent office conversion provide a documented history of changing use.
Key Highlights
- 1,920‑square‑foot medical office property
- Previously configured as a chiropractic clinic
- Handicap accessible, with ample on‑site parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,966
Cap Rate
8.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$559,320
$559.3K
Cap Rate 7%
$399,514
$399.5K
Cap Rate 9%
$310,733
$310.7K
Market Conditions
NOI Build-Up for 1,920 SF
Gross rent
$51.8K $27.00/SF
− Vacancy
−$5.2K −$2.72/SF
EGI
$46.6K $24.28/SF
− OpEx
−$18.6K −$9.71/SF
NOI
$28.0K $14.57/SF
Area
Cumberland County, ME
Vacancy
10.09%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$559,320
Cap Rate 7%
$399,514
Cap Rate 9%
$310,733
Alternative Uses
Best Use
Healthcare Medical
$399.5K
$349.6K – $466.1K
NOI $27,966 @ 7.0% cap · market cap 8.23%
Second Best
Office B
$392.7K
$343.6K – $458.1K
NOI $27,487 @ 7.0% cap · market cap 8.08%
Theoretical Best
Office A
$527.7K
$461.8K – $615.7K
NOI $36,940 @ 7.0% cap · market cap 10.86%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
157
Businesses Nearby
Well-served
Demand for This Use
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Business Placement
Demographics for 04084, ME
8,253
Population
3,710
Households
2.2
Avg Household Size
43
Median Age
38%
College-Educated
96%
High-School Grad
43.8 sq mi
ZIP Area
188
Density / Sq Mi
$103,086
Median Household Income
$38,839
Median Earnings
$972
Median Rent
$334,800
Median Home Value
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Market
Vacancy Rate% for Office in Northeast region
Similar Off Market Nearby
- Keenan Samantha DVM — 22 rose ln, standish, me 04084
Frequently Asked Questions
What type of property is this?
Medical Office Space - An addition completed in 1998 expanded the building, which was later configured for office use.
Where is this medical office space located?
The property is located at 39 Ossipee Trail E Standish, ME.
What is the asking price?
The asking price for this property is $340,000.
What are key features of this property?
This property features: 1,920‑square‑foot medical office property; Previously configured as a chiropractic clinic; Handicap accessible, with ample on‑site parking
