Mixed-Use Property with Heated
5 Clark Street, Standish, ME 04084
For Sale
$560,000
The property combines a renovated single-family residence and office space within the VC zoning district.
Property Size1,473 SF
Price / SF$380.18
Days on Market857
Property Features for 5 Clark Street
General Information
Standard status
Size
Property subtype
Zoning
Additional Details
Condition
Property Use
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
Landing Real Estate
Listed By:
Matthew DiBiase
(207) 775-7653
Source:
Integrityhomesrealestategroup
Added: Jul 8, 2024
Changed: Nov 11
Last Checked: Nov 10 at 6:00PM
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 Landing Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This mixed-use property includes a renovated single-family home and office space, along with a separate heated garage configured with multiple work areas. Tools and equipment are included in the sale. The garage’s second level may accommodate an apartment, and portions of the land may be available for lease.
At 5 Clark Street in Standish, the property is within walking distance of Sebago Lake and the public boat ramp. The site is zoned VC.
At 5 Clark Street in Standish, the property is within walking distance of Sebago Lake and the public boat ramp. The site is zoned VC.
Key Highlights
- Renovated single‑family home and office space
- Detached heated garage with multiple work areas
- Tools and equipment included in the sale
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,088
Cap Rate
3.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$421,760
$421.8K
Cap Rate 7%
$301,257
$301.3K
Cap Rate 9%
$234,311
$234.3K
Market Conditions
NOI Build-Up for 1,473 SF
Gross rent
$32.2K $21.84/SF
− Vacancy
−$4.1K −$2.75/SF
EGI
$28.1K $19.09/SF
− OpEx
−$7.0K −$4.77/SF
NOI
$21.1K $14.32/SF
Area
Cumberland County, ME
Vacancy
12.60%
Lease Rate
$21.84 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$421,760
Cap Rate 7%
$301,257
Cap Rate 9%
$234,311
Alternative Uses
Best Use
Office B
$301.3K
$263.6K – $351.5K
NOI $21,088 @ 7.0% cap · market cap 3.77%
Second Best
Mixed Use
$261.4K
$228.7K – $304.9K
NOI $18,295 @ 7.0% cap · market cap 3.27%
Theoretical Best
Office A
$404.9K
$354.3K – $472.3K
NOI $28,340 @ 7.0% cap · market cap 5.06%
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
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
49
Businesses Nearby
Explore this area
Business Placement
Demographics for 04084, ME
8,253
Population
3,710
Households
2.2
Avg Household Size
43
Median Age
38%
College-Educated
96%
High-School Grad
43.8 sq mi
ZIP Area
188
Density / Sq Mi
$103,086
Median Household Income
$38,839
Median Earnings
$972
Median Rent
$334,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Mixed-use properties in Cumberland County, ME
Properties on Market for Mixed-use properties in Cumberland County
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The property combines a renovated single-family residence and office space within the VC zoning district.
Where is this mixed-use property located?
The property is located at 5 Clark Street Standish, ME.
What is the asking price?
The asking price for this property is $560,000.
What are key features of this property?
This property features: Renovated single‑family home and office space; Detached heated garage with multiple work areas; Tools and equipment included in the sale
