Mixed-Use Property with
4 Parsonage Road, North Yarmouth, ME 04097
For Sale
$450,000
Commercial Sale, North Yarmouth, ME
Property Size3,168 SF
Lot Size0.75 Acres
Price / SF$142.05
Days on Market121
Property Features for 4 Parsonage Road
General Information
Property type
Property subtype
Zoning
Lot features
Standard status
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Sewer type
Heating system
Water source
Building Details
Year built
Flooring type
Building materials
Roof type
Buildings
Listing Agency:
EXP Realty
(888) 439-8743
Listed By:
Brett Davis
(207) 865-9919
Added: Jul 13
Changed: Oct 27
Last Checked: Nov 10 at 10:06AM
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.
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Investment Insights
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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 / Yr
$39,347
Cap Rate
8.74%
Suggested Prices Based on Cap Rates
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
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 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 8.74%
Second Best
Industrial
$289.6K
$253.4K – $337.9K
NOI $20,272 @ 7.0% cap · market cap 4.50%
Theoretical Best
Office A
$870.7K
$761.9K – $1.02M
NOI $60,951 @ 7.0% cap · market cap 13.54%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
66
Businesses Nearby
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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
$480,000
Median Home Value
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Market
Average Price Trend$/SF for Mixed-use properties in Cumberland County, ME
Properties on Market for Mixed-use properties in Cumberland County
Vacancy Rate% for Industrial in Northeast region
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 $450,000.
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
