Building Details

Year built 2020

Flooring type Concrete

Building materials Steel Frame, Metal Clad

Roof type Metal

Additional Structures Storage

Listing Agency: Fontaine Family-The Real Estate Leader b***@fontaineteam.com Show Phone

Listed By: Billy Bergeron Show Phone

Added: Oct 8 Last Checked: Oct 10 at 8:06AM

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MLS# 1683679

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 2020, this 9,600-square-foot steel-frame flex property includes 3,200 square feet of heated area and interior office space. The heated section has a floor drainage system for equipment washing, and an industrial air compressor is installed with plumbing distributed throughout the building. Access includes six 14-by-14-foot overhead doors and one 12-by-12-foot overhead door. Exterior fuel tanks are also present.

The property occupies 2.94 acres at 587 College Road in Greene, Maine. Three-phase power is available at the street. The building has concrete flooring, a metal roof, private well water, and private sewer service, and is zoned Commercial.

Key Highlights

• 9,600‑square‑foot building on 2.94 acres
• 3,200 square feet of heated space with floor drainage for equipment wash‑downs
• Six 14x14 overhead doors and one 12x12 overhead door

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$57,682

Cap Rate

6.07%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,153,640 $1.2M

Cap Rate 7%

$824,029 $824.0K

Cap Rate 9%

$640,911 $640.9K

Market Conditions

NOI Build-Up for 9,600 SF

Gross rent

$91.0K $9.48/SF

− Vacancy

−$2.3K −$0.24/SF

EGI

$88.7K $9.24/SF

− OpEx

−$31.1K −$3.24/SF

NOI

$57.7K $6.01/SF

Area

Androscoggin County, ME

Vacancy

2.49%

Lease Rate

$9.48 /SF/Yr

Expense Ratio

35.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,153,640

Cap Rate 7%

$824,029

Cap Rate 9%

$640,911

Alternative Uses

Best Use

Warehouse

$17.05M

$14.92M – $19.89M (±1% cap)

NOI $1,193,522 @ 7.0% cap · market cap 125.63%

Second Best

Industrial

$14.04M

$12.29M – $16.38M (±1% cap)

NOI $982,901 @ 7.0% cap · market cap 103.46%

Theoretical Best

—

—

same as Best Use

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Carrier Lawn and Landscape ... Landscaping

Suggested Use

Top Pick Storage Facility Big Box & Wholesale Store Hair Salon Food Market Daycare Center

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

Location Intelligence

Trade Area within ½ mile

39

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 04236, ME

4,376

Population

1,847

Households

2.4

Avg Household Size

46

Median Age

20%

College-Educated

94%

High-School Grad

32.3 sq mi

ZIP Area

135

Density / Sq Mi

$91,736

Median Household Income

$49,705

Median Earnings

$1,106

Median Rent

$238,700

Median Home Value

Market

Vacancy Rate% for Industrial in Northeast region

5.4% 2019

4.6% 2020

3.2% 2021

3.3% 2022

5.3% 2023

6.6% 2024

7.6% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this flex space located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Flex space - Office space, equipment infrastructure, and multiple large overhead doors support a range of commercial operations.

Where is this flex space located?

The property is located at 587 College Road Greene, ME.

What is the asking price?

The asking price for this property is $950,000.

What are key features of this property?

This property features: 9,600‑square‑foot building on 2.94 acres; 3,200 square feet of heated space with floor drainage for equipment wash‑downs; Six 14x14 overhead doors and one 12x12 overhead door