Flex Space with Loading
For Sale
$1,200,000
614 Elmwood Road, Pownal, ME 04069
Vacant commercial property combines warehouse and office areas with extensive outdoor space.
Property Size10,845 SF
Lot Size15.66 Acres
Price / SF$110.65
Days on Market266
Property Features for 614 Elmwood Road
General Information
Standard status
Active
Size
10,845 SF
Lot size
15.66 Acres
Property subtype
Commercial
Zoning
Village
Taxes and HOA fees
Annual Taxes
$10,149
Building Details
Building Size
10,845 SF
Year Built
1989
Stories
1
Listing Agency:
StartPoint Realty
(877) 833-3999
Listed By:
Gary Lord
(207) 751-0760
Source:
Amerorealty
Added: Feb 8
Changed: Oct 31
Last Checked: Oct 31 at 2:38PM
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 StartPoint Realty
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Investment Insights
Based on property information with market context.
This vacant flex property contains 6,333 square feet of heated warehouse and office space, plus 4,512 square feet of unheated warehouse area with ceiling clearance exceeding 14 feet. A loading dock serves the warehouse areas. The improvements date to 1989, and the property is zoned Village, which allows commercial use.
The 15.66-acre site is in a rural setting, approximately 5 miles from highway access. Parking accommodates 20+ vehicles, with room for trucks and equipment to maneuver across the site.
The existing mix of heated and unheated space, office area, dock access, and outdoor area provides a range of configurations for commercial operations. The property is available for occupancy at closing.
The 15.66-acre site is in a rural setting, approximately 5 miles from highway access. Parking accommodates 20+ vehicles, with room for trucks and equipment to maneuver across the site.
The existing mix of heated and unheated space, office area, dock access, and outdoor area provides a range of configurations for commercial operations. The property is available for occupancy at closing.
Key Highlights
- 6,333 square feet of heated warehouse and office space
- 4,512 square feet of unheated warehouse space with 14'+ ceiling height
- 15.66‑acre site with parking for 20+ vehicles
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$84,269
Cap Rate
7.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,685,380
$1.7M
Cap Rate 7%
$1,203,843
$1.2M
Cap Rate 9%
$936,322
$936.3K
Market Conditions
NOI Build-Up for 10,845 SF
Gross rent
$102.8K $9.48/SF
− Vacancy
−$3.7K −$0.34/SF
EGI
$99.1K $9.14/SF
− OpEx
−$14.9K −$1.37/SF
NOI
$84.3K $7.77/SF
Area
Cumberland County, ME
Vacancy
3.57%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,685,380
Cap Rate 7%
$1,203,843
Cap Rate 9%
$936,322
Alternative Uses
Best Use
Warehouse
$1.20M
$1.05M – $1.40M
NOI $84,269 @ 7.0% cap · market cap 7.02%
Second Best
Industrial
$991.4K
$867.5K – $1.16M
NOI $69,398 @ 7.0% cap · market cap 5.78%
Theoretical Best
Office A
$2.98M
$2.61M – $3.48M
NOI $208,653 @ 7.0% cap · market cap 17.39%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
5
Businesses Nearby
Well-served
Demand for This Use
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Business Placement
Demographics for 04069, ME
1,566
Population
657
Households
2.4
Avg Household Size
48
Median Age
46%
College-Educated
97%
High-School Grad
22.9 sq mi
ZIP Area
68
Density / Sq Mi
$103,750
Median Household Income
$50,313
Median Earnings
$1,638
Median Rent
$400,000
Median Home Value
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Market
Vacancy Rate% for Industrial in Northeast region
Frequently Asked Questions
What type of property is this?
Flex space - Vacant commercial property combines warehouse and office areas with extensive outdoor space.
Where is this flex space located?
The property is located at 614 Elmwood Road Pownal, ME.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 6,333 square feet of heated warehouse and office space; 4,512 square feet of unheated warehouse space with 14'+ ceiling height; 15.66‑acre site with parking for 20+ vehicles
