School Building with
New
For Sale
$2,900,000
5 Willey Road, Saco, ME 04072
COMMERCIAL - Saco, ME
Property Size10,260 SF
Lot Size5.29 Acres
Price / SF$282.65
Days on Market1
Property Features for 5 Willey Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Industrial
Interior features
Storage
Lot features
Other Location, Public Transport Access, Near Turnpike/ Interstate, Near Airport, Downtown, Business District, Bus Line, Industrial Park, Near Shopping, Office Park
Standard status
Active
Size
10,260 SF
Lot size
5.29 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
26885
Utilities
Sewer type
Public Sewer
Heating system
Propane (Heating), Forced Air
Cooling system
Central Air
Water source
Public
Amenities
full kitchens and bathrooms
swimming pool
Building Details
Year built
2004
Flooring type
Plank, Carpet, Vinyl
Building materials
Steel Frame, Brick, Vinyl Siding
Roof type
Shingle
Additional Structures
Storage
Listing Agency:
Coldwell Banker Realty · Coldwell Banker Real Estate
(207) 773-1990
Listed By:
Kathleen Scott · License #BR715564
(207) 838-7740
Added: Aug 5
Last Checked: Aug 5 at 5:06PM
MLS# 1639187
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.
Investment Insights
Based on property information with market context.
Built in 2004, this 10,260-square-foot school property occupies 5.29 acres and is currently used as a pre-K facility for the Saco School District. The building contains multiple classrooms, each equipped with a full kitchen and bathroom, along with storage space. Its layout can also support individual office spaces or medical offices. Construction includes a steel frame with brick and vinyl siding, while interior finishes include plank, carpet, and vinyl flooring. The property has forced-air propane heating, central air conditioning, public water, public sewer, and a shingle roof.
A three-year lease is currently in place. The site is zoned Industrial and provides 21 parking spaces. A swimming pool remains on the property but is presently out of use.
A three-year lease is currently in place. The site is zoned Industrial and provides 21 parking spaces. A swimming pool remains on the property but is presently out of use.
Key Highlights
- 10,260‑square‑foot school building on 5.29 acres
- Built in 2004 with steel frame, brick, and vinyl siding
- Classrooms include full kitchens and bathrooms
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 | $256.1k | $24.96 |
| − Vacancy | −$32.0k | −$3.12 |
| EGI | $224.1k | $21.84 |
| − OpEx | −$56.0k | −$5.46 |
| NOI | $168.1k | $16.38 |
10,260 SF · lease $24.96/SF/yr · vacancy 12.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.40M
$2.10M – $2.80M
NOI $168,059 @ 7.0% cap · market cap 5.80%
Second Best
Healthcare Medical
$1.99M
$1.74M – $2.32M
NOI $138,982 @ 7.0% cap · market cap 4.79%
Theoretical Best
Office A
$3.25M
$2.85M – $3.79M
NOI $227,666 @ 7.0% cap · market cap 7.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
171
Businesses Nearby
Explore this area
Business Placement
Demographics for 04072, ME
20,381
Population
9,619
Households
2.1
Avg Household Size
43
Median Age
40%
College-Educated
96%
High-School Grad
38.6 sq mi
ZIP Area
528
Density / Sq Mi
$84,328
Median Household Income
$47,419
Median Earnings
$1,268
Median Rent
$370,300
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
School - Pre-K facility with classroom kitchens, private bathrooms, office conversion potential, and a three-year lease in place.
Where is this school located?
The property is located at 5 Willey Road Saco, ME.
What is the asking price?
The asking price for this property is $2,900,000.
What are key features of this property?
This property features: 10,260‑square‑foot school building on 5.29 acres; Built in 2004 with steel frame, brick, and vinyl siding; Classrooms include full kitchens and bathrooms
