Mixed-Use Property with
For Sale
$549,000
4 Parsonage Road, North Yarmouth, ME 04097
Commercial Sale, North Yarmouth, ME
Property Size1,000 SF
Lot Size0.75 Acres
Price / SF$173.30
Days on Market67
Property Features for 4 Parsonage Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Village Center
Lot features
Business District, Near Shopping
Standard status
Active
Size
3,168 SF
Lot size
0.75 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
5937
Utilities
Sewer type
Private Sewer, Septic Tank
Heating system
Oil, Baseboard, Hot Water(Heating)
Water source
Public
Building Details
Year built
1945
Flooring type
Wood, Concrete, Laminate
Building materials
Wood Frame, Vinyl Siding, Wood Siding
Roof type
Metal
Listing Agency:
EXP Realty
(888) 439-8743
Listed By:
Brett Davis
(207) 865-9919
Added: Jul 13
Changed: Sep 14
Last Checked: Sep 17 at 7:06PM
MLS# 1650778
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 3,168-square-foot mixed-use property is currently configured as a personal workshop and garage, with office space and more than 1,000 square feet of additional usable area. The building also includes a two-bedroom, one-bath apartment on the second floor and a half bath on the ground level. Built in 1945, the structure has wood-frame construction with vinyl and wood siding, a metal roof, and a combination of concrete, laminate, and wood flooring.
The property occupies 0.75 acres in North Yarmouth and is zoned Village Center. Public water serves the building, while wastewater infrastructure includes a septic tank and private sewer. Heating is provided by an oil-fired hot-water baseboard system. Permitting requirements and allowable uses should be verified with the town.
The property occupies 0.75 acres in North Yarmouth and is zoned Village Center. Public water serves the building, while wastewater infrastructure includes a septic tank and private sewer. Heating is provided by an oil-fired hot-water baseboard system. Permitting requirements and allowable uses should be verified with the town.
Key Highlights
- 3,168‑square‑foot mixed‑use building on 0.75 acres
- Two‑bedroom, one‑bath apartment on the second floor
- Workshop and garage configuration with office 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
$39,347
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%
$786,940
$786.9K
Cap Rate 7%
$562,100
$562.1K
Cap Rate 9%
$437,189
$437.2K
Market Conditions
NOI Build-Up for 3,168 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
$68.4K $21.60/SF
− Vacancy
−$5.5K −$1.73/SF
EGI
$63.0K $19.87/SF
− OpEx
−$23.6K −$7.45/SF
NOI
$39.3K $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 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%
$786,940
Cap Rate 7%
$562,100
Cap Rate 9%
$437,189
Alternative Uses
Best Use
Mixed Use
$562.1K
$491.8K – $655.8K
NOI $39,347 @ 7.0% cap · market cap 7.17%
Second Best
Industrial
$289.6K
$253.4K – $337.9K
NOI $20,272 @ 7.0% cap · market cap 3.69%
Theoretical Best
Office A
$870.7K
$761.9K – $1.02M
NOI $60,951 @ 7.0% cap · market cap 11.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
66
Businesses Nearby
Explore this area
Business Placement
Demographics for 04097, ME
4,072
Population
1,596
Households
2.6
Avg Household Size
43
Median Age
53%
College-Educated
98%
High-School Grad
21.2 sq mi
ZIP Area
192
Density / Sq Mi
$119,813
Median Household Income
$56,215
Median Earnings
$1,615
Median Rent
$480,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Village Center property combining workshop space, office area, and a second-floor apartment.
Where is this mixed-use property located?
The property is located at 4 Parsonage Road North Yarmouth, ME.
What is the asking price?
The asking price for this property is $549,000.
What are key features of this property?
This property features: 3,168‑square‑foot mixed‑use building on 0.75 acres; Two‑bedroom, one‑bath apartment on the second floor; Workshop and garage configuration with office space
