Office Building with Medical
400 Enterprise Dr, Scarborough, ME 04074
For Sale
$2,350,000
Pending
A vacant area is configured for office or medical office use.
Property Size9,968 SF
Days on Market33
Property Features for 400 Enterprise Dr
General Information
Standard status
Size
Additional Details
Highway Access
Property Use
Taxes and HOA fees
Annual Taxes
Building Details
Buildings
Building Size
Listing Agency:
The Boulos Company
(207) 772-1333
Listed By:
Alexandra Phillips
(207) 553-1733
Source:
Exprealty
Added: Oct 8
Changed: Nov 7
Last Checked: Nov 8 at 6:58AM
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 The Boulos Company
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 9,968± SF office building includes 1,500 SF of vacant space suited to office or medical office use. The existing layout features a reception area, six private offices, a kitchenette, and a private restroom.
The property is in Enterprise Business Park in Scarborough, with access to I-95 and I-295 and to businesses along US Route 1.
The property is in Enterprise Business Park in Scarborough, with access to I-95 and I-295 and to businesses along US Route 1.
Key Highlights
- 9,968± SF office building
- 1,500 SF of vacant office or medical office space
- Layout includes reception, 6 private offices, a kitchenette, and a private restroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$145,188
Cap Rate
6.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,903,760
$2.9M
Cap Rate 7%
$2,074,114
$2.1M
Cap Rate 9%
$1,613,200
$1.6M
Market Conditions
NOI Build-Up for 9,968 SF
Gross rent
$269.1K $27.00/SF
− Vacancy
−$27.2K −$2.72/SF
EGI
$242.0K $24.28/SF
− OpEx
−$96.8K −$9.71/SF
NOI
$145.2K $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%
$2,903,760
Cap Rate 7%
$2,074,114
Cap Rate 9%
$1,613,200
Alternative Uses
Best Use
Healthcare Medical
$2.07M
$1.81M – $2.42M
NOI $145,188 @ 7.0% cap · market cap 6.18%
Second Best
Office B
$2.04M
$1.78M – $2.38M
NOI $142,703 @ 7.0% cap · market cap 6.07%
Theoretical Best
Office A
$2.74M
$2.40M – $3.20M
NOI $191,780 @ 7.0% cap · market cap 8.16%
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
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
329
Businesses Nearby
Explore this area
Business Placement
Demographics for 04074, ME
21,952
Population
10,561
Households
2.1
Avg Household Size
46
Median Age
58%
College-Educated
99%
High-School Grad
47.6 sq mi
ZIP Area
461
Density / Sq Mi
$125,642
Median Household Income
$55,955
Median Earnings
$1,821
Median Rent
$502,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Office buildings in Cumberland County, ME
Properties on Market for Office buildings in Cumberland County
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office building - A vacant area is configured for office or medical office use.
Where is this office building located?
The property is located at 400 Enterprise Dr Scarborough, ME.
What is the asking price?
The asking price for this property is $2,350,000.
What are key features of this property?
This property features: 9,968± SF office building; 1,500 SF of vacant office or medical office space; Layout includes reception, 6 private offices, a kitchenette, and a private restroom
