Showroom Building with Attached
For Sale
$225,000
55 Lagrange Road, Howland, ME 04448
Commercial Sale, Howland, ME
Property Size2,248 SF
Lot Size3.00 Acres
Price / SF$100.09
Days on Market47
Property Features for 55 Lagrange Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Residential B
Lot features
Business District, Suburban
Standard status
Active
Size
2,248 SF
Lot size
3.00 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
3629
Utilities
Sewer type
Public Sewer
Heating system
Oil
Water source
Public
Amenities
large showroom/waiting area
half bath
public utilities
paved yard
attached garage
Building Details
Year built
2006
Flooring type
Concrete, Tile
Building materials
Steel Frame, Metal Clad
Roof type
Metal
Listing Agency:
Realty of Maine
(207) 667-2300
Listed By:
John Bettis
(207) 370-8894
Added: Jul 7
Changed: Aug 19
Last Checked: Aug 22 at 12:06AM
MLS# 1651715
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.
Commercial showroom building just off I-95 in Howland, ME. The space includes a large showroom and waiting area, plus a half bath. Public utilities are available, and the property features a paved yard with parking.
The building has an attached 44x32 garage for storage or operational use. At 2,248 SF and built in 2006, the structure is steel frame with metal cladding and a metal roof. Interior finishes include tile and concrete flooring. Heating is oil.
Utilities include public water and public sewer. Zoning is Residential B.
The building has an attached 44x32 garage for storage or operational use. At 2,248 SF and built in 2006, the structure is steel frame with metal cladding and a metal roof. Interior finishes include tile and concrete flooring. Heating is oil.
Utilities include public water and public sewer. Zoning is Residential B.
Key Highlights
- Large showroom and waiting area plus a half bath
- Attached 44x32 garage for storage or operations
- 3‑acre property with paved yard and parking
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$18,808
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.36%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$376,160
$376.2K
Cap Rate 7%
$268,686
$268.7K
Cap Rate 9%
$208,978
$209.0K
Market Conditions
NOI Build-Up for 2,248 SF
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
NOI $18,808 @ 7.0% cap · market cap 8.36%
Second Best
Warehouse
$213.2K
$186.6K – $248.8K
NOI $14,927 @ 7.0% cap · market cap 6.63%
Theoretical Best
Office A
$726.0K
$635.3K – $847.1K
NOI $50,823 @ 7.0% cap · market cap 22.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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 Industrial in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Showroom - Commercial showroom building just off I-95 with public utilities, a paved yard, and an attached garage for storage or operations.
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: Large showroom and waiting area plus a half bath; Attached 44x32 garage for storage or operations; 3‑acre property with paved yard and parking
