Historic Office Building with
479 Main Street Westbrook, ME 04092
479 Main Street, Westbrook, ME, 04092
Contact for pricing
For Sale
Contact for pricing
Three-story office building with elevator service, board room, private offices, and an auditorium in excellent condition.
Property Size14,570 SF
Price / SF$175.02
Days on Market126
Property Features for 479 Main Street
General Information
- Standard status
- Active
- Size
- 14,570 SF
- Property subtype
- OFFICE
Listing agency
The Boulos Company
(207) 272-2385
Listed by
Nate Stevens · License #920832
(207) 272-2385
Source
Moodyscre
Added: Mar 19 Updated: Jul 22 at 6:10AM Checked: Jul 22 at 6:10AM
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
Investment Insights
Based on property information with market context.
Beautiful, historic three-story commercial building totaling approximately 14,570± SF and featuring a large board room, private offices, and an auditorium. The property is in excellent condition and includes elevator access to all floors.
The building is offered for sale in a prime Main Street setting with strong visibility and a stately presence. Flexible City Center District zoning allows for multiple use types, including office, retail, residential, and assembly, among others.
Partial income is in place and may be continued, with details available from the broker.
The building is offered for sale in a prime Main Street setting with strong visibility and a stately presence. Flexible City Center District zoning allows for multiple use types, including office, retail, residential, and assembly, among others.
Partial income is in place and may be continued, with details available from the broker.
Key Highlights
- Historic 3‑story commercial building with approx. 14,570± SF of space
- Features a large board room, private offices, and an auditorium
- Elevator access to all floors
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 | $318.2k | $21.84 |
| − Vacancy | −$40.1k | −$2.75 |
| EGI | $278.1k | $19.09 |
| − OpEx | −$69.5k | −$4.77 |
| NOI | $208.6k | $14.32 |
14,570 SF · lease $21.84/SF/yr · vacancy 12.60% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.98M
$2.61M – $3.48M
NOI $208,586 @ 7.0% cap · market cap 8.18%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.00M
$3.50M – $4.67M
NOI $280,320 @ 7.0% cap · market cap 10.99%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
New Apostolic Church ...
Church
Iglesia Adventista Hispana ...
Church
Northern New England ...
Church
Gift Planning
Consultant
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FAQs
What type of property is this?
Office building - Three-story office building with elevator service, board room, private offices, and an auditorium in excellent condition.
Where is this office building located?
The property is located at 479 Main Street Westbrook, ME.
What is the asking price?
The asking price for this property is $2,550,000.
What are key features of this property?
This property features: Historic 3‑story commercial building with approx. 14,570± SF of space; Features a large board room, private offices, and an auditorium; Elevator access to all floors
