Mixed-Use Property with
576 Sabattus Road, Sabattus, ME 04280
For Sale
$389,900
A detached office and an apartment accompany the main commercial building.
Property Size2,288 SF
Price / SF$170.41
Days on Market1157
Property Features for 576 Sabattus Road
General Information
Standard status
Size
Property subtype
Zoning
Additional Details
Road Access
Automotive Uses
Multifamily Units
Real Estate Included
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Better Homes & Gardens Real Estate/The Masiello Group
(207) 782-8311
Listed By:
Linda Davis
(207) 212-5373
Source:
Integrityhomesrealestategroup
Added: Sep 14, 2023
Changed: Nov 11
Last Checked: Nov 13 at 6:01PM
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 Better Homes & Gardens Real Estate/The Masiello Group
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.
The 2,288-square-foot mixed-use property includes an apartment and a separate 16-by-20-foot building that served as a private office. Built in 1986, the property has mixed zoning. Its recorded uses include automobile sales and mechanical repair.
The property is located on Sabattus Road in Sabattus, Maine.
The property is located on Sabattus Road in Sabattus, Maine.
Key Highlights
- 2,288‑square‑foot mixed‑use building
- Separate 16‑by‑20‑foot structure used as a private office
- Includes an apartment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,996
Cap Rate
6.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$539,920
$539.9K
Cap Rate 7%
$385,657
$385.7K
Cap Rate 9%
$299,956
$300.0K
Market Conditions
NOI Build-Up for 2,288 SF
Gross rent
$49.4K $21.60/SF
− Vacancy
−$6.2K −$2.72/SF
EGI
$43.2K $18.88/SF
− OpEx
−$16.2K −$7.08/SF
NOI
$27.0K $11.80/SF
Area
Androscoggin County, ME
Vacancy
12.60%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$539,920
Cap Rate 7%
$385,657
Cap Rate 9%
$299,956
Alternative Uses
Best Use
Mixed Use
$385.7K
$337.5K – $449.9K
NOI $26,996 @ 7.0% cap · market cap 6.92%
Second Best
Retail
$341.8K
$299.1K – $398.8K
NOI $23,928 @ 7.0% cap · market cap 6.14%
Theoretical Best
Office A
$711.6K
$622.7K – $830.2K
NOI $49,812 @ 7.0% cap · market cap 12.78%
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
Lease Details
1
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
21
Businesses Nearby
Explore this area
Business Placement
Demographics for 04280, ME
6,674
Population
3,277
Households
2
Avg Household Size
44
Median Age
16%
College-Educated
91%
High-School Grad
41.7 sq mi
ZIP Area
160
Density / Sq Mi
$63,250
Median Household Income
$41,900
Median Earnings
$1,029
Median Rent
$175,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A detached office and an apartment accompany the main commercial building.
Where is this mixed-use property located?
The property is located at 576 Sabattus Road Sabattus, ME.
What is the asking price?
The asking price for this property is $389,900.
What are key features of this property?
This property features: 2,288‑square‑foot mixed‑use building; Separate 16‑by‑20‑foot structure used as a private office; Includes an apartment
