Building Details

Building Size 2,248 SF

Year Built 2006

Listing Agency: Realty of Maine j***@realtyofmaine.com Show Phone

Listed By: John Bettis Show Phone

Source: Amerorealty

Added: Feb 12 Changed: Oct 31 Last Checked: Nov 3 at 6:04AM

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Investment Insights

Based on property information with market context.

This 2,248-square-foot showroom property includes a large showroom and waiting area, a half bath, and an attached 44-by-32-foot garage. Built in 2006, the building also has public utilities and a paved yard with parking. The property is zoned Residential B.

The site is just off I-95 in Howland, Maine.

Key Highlights

• 2,248‑square‑foot showroom building
• Attached 44x32 garage for storage or operations
• Large showroom and waiting area with a half bath

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$18,808

Cap Rate

8.36%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$376,160 $376.2K

Cap Rate 7%

$268,686 $268.7K

Cap Rate 9%

$208,978 $209.0K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,248 SF

Gross rent

$32.4K $14.40/SF

− Vacancy

−$5.5K −$2.45/SF

EGI

$26.9K $11.95/SF

− OpEx

−$8.1K −$3.59/SF

NOI

$18.8K $8.37/SF

Area

Penobscot County, ME

Vacancy

17.00%

Lease Rate

$14.40 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$376,160

Cap Rate 7%

$268,686

Cap Rate 9%

$208,978

Alternative Uses

Best Use

Retail

$268.7K

$235.1K – $313.5K (±1% cap)

NOI $18,808 @ 7.0% cap · market cap 8.36%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$726.0K

$635.3K – $847.1K (±1% cap)

NOI $50,823 @ 7.0% cap · market cap 22.59%

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

Showrooms

Suggested Use

Top Pick Cafe & Coffee Shop Hair Salon Nail Salon Daycare Center (Bike/Boat/Book/etc) Store Food Market

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

47

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 04448, ME

1,265

Population

692

Households

1.8

Avg Household Size

52

Median Age

14%

College-Educated

92%

High-School Grad

93.9 sq mi

ZIP Area

13

Density / Sq Mi

$48,958

Median Household Income

$34,444

Median Earnings

$938

Median Rent

$115,600

Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

Frequently Asked Questions

What type of property is this?

Showroom - The building includes public utilities, a paved yard, and space for vehicle parking.

Where is this showroom located?

The property is located at 55 Lagrange Road Howland, ME.

What is the asking price?

The asking price for this property is $225,000.

What are key features of this property?

This property features: 2,248‑square‑foot showroom building; Attached 44x32 garage for storage or operations; Large showroom and waiting area with a half bath