Mixed-Use Auto Workshop
4 Parsonage Road North Yarmouth, ME 04097
4 Parsonage Road, North Yarmouth, ME, 04097
$549,000
For Sale
$549,000
Corner property currently operating as a personal workshop, with office space and an apartment on the second floor.
Property Size3,168 SF
Price / SF$173.30
Days on Market187
Property Features for 4 Parsonage Road
General Information
- Standard status
- Active
- Size
- 3,168 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1945
Listing agency
EXP Realty
(207) 865-9919
Listed by
Brett Davis
(207) 865-9919
Source
Compass
Added: Jan 17 Updated: Jul 22 at 2:02PM Checked: Jul 22 at 2:02PM
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 EXP Realty
Investment Insights
Based on property information with market context.
This corner property is currently used as a personal workshop/garage and includes office space plus additional flexible indoor space suitable for commercial and/or residential uses. The building also has a second-floor unit with two bedrooms and one bath, along with a half bath on the ground level.
The property is described in the Village Center area of North Yarmouth and is positioned as a corner location. The offering notes the possibility of adding additional rental units, with all uses subject to town verification and permitting requirements.
Prospective buyers should confirm the permitted uses and any development plans directly with the town. The layout combines automotive/workshop use with residential and office components, providing an owner-occupied or income-earning configuration depending on approvals.
The property is described in the Village Center area of North Yarmouth and is positioned as a corner location. The offering notes the possibility of adding additional rental units, with all uses subject to town verification and permitting requirements.
Prospective buyers should confirm the permitted uses and any development plans directly with the town. The layout combines automotive/workshop use with residential and office components, providing an owner-occupied or income-earning configuration depending on approvals.
Key Highlights
- Corner property in Village Center North Yarmouth currently operating as a personal workshop/garage with office space and a second‑floor apartment
- Two‑bedroom, one‑bath apartment on the second floor, plus a 1/2 bath on the ground level
- Just over 1,000 sq ft of usable space for potential commercial and/or residential uses (permit requirements to be verified with the town)
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $69.2k | $21.84 |
| − Vacancy | −$8.7k | −$2.75 |
| EGI | $60.5k | $19.09 |
| − OpEx | −$15.1k | −$4.77 |
| NOI | $45.4k | $14.32 |
3,168 SF · lease $21.84/SF/yr · vacancy 12.60% · expense 25.00%
Alternative Uses
Best Use
Office B
$647.9K
$566.9K – $755.9K
NOI $45,353 @ 7.0% cap · market cap 8.26%
Second Best
Mixed Use
$562.1K
$491.8K – $655.8K
NOI $39,347 @ 7.0% cap · market cap 7.17%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Ronny's Auto Body ...
Auto Repair Shop
Similar For Sale Nearby
Similar Off Market Nearby
- Ronny's Auto Body Shop — 4 Parsonage Rd, North Yarmouth, ME 04097
FAQs
What type of property is this?
Auto shop - Corner property currently operating as a personal workshop, with office space and an apartment on the second floor.
Where is this auto shop 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: Corner property in Village Center North Yarmouth currently operating as a personal workshop/garage with office space and a second‑floor apartment; Two‑bedroom, one‑bath apartment on the second floor, plus a 1/2 bath on the ground level; Just over 1,000 sq ft of usable space for potential commercial and/or residential uses (permit requirements to be verified with the town)
