Auto Shop with Multiple
For Sale
$450,000
648 Roosevelt Trail, Windham, ME 04062
C-1-zoned commercial space configured for automotive service and repair operations.
Property Size3,600 SF
Price / SF$125
Days on Market918
Property Features for 648 Roosevelt Trail
General Information
Standard status
Active
Size
3,600 SF
Property subtype
Commercial
Zoning
C-1
Additional Details
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$2,560
Building Details
Building Size
3,600 SF
Year Built
1950
Listing Agency:
Landing Real Estate
(207) 756-2418
Listed By:
Kaitlyn Hall
(207) 756-2418
Source:
Startpoint
Added: Feb 5, 2024
Changed: Aug 9
Last Checked: Aug 10 at 10:49AM
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 Landing Real Estate
Investment Insights
Based on property information with market context.
Located at 648 Roosevelt Trail in Windham, Maine, this 3,600-square-foot commercial garage is configured for automotive service and repair. The building includes multiple vehicle lifts and is currently occupied by an auto mechanic operation.
Built in 1950, the property fronts Route 302 and offers a commercial setting along an established traffic route. C-1 zoning supports its current commercial classification, while the existing garage layout provides a foundation for continued automotive use.
Built in 1950, the property fronts Route 302 and offers a commercial setting along an established traffic route. C-1 zoning supports its current commercial classification, while the existing garage layout provides a foundation for continued automotive use.
Key Highlights
- 3,600‑square‑foot commercial garage
- Multiple vehicle lifts included
- Currently configured for auto mechanic operations
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
$37,649
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
8.37%
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%
$752,980
$753.0K
Cap Rate 7%
$537,843
$537.8K
Cap Rate 9%
$418,322
$418.3K
Market Conditions
NOI Build-Up for 3,600 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
$64.8K $18.00/SF
− Vacancy
−$11.0K −$3.06/SF
EGI
$53.8K $14.94/SF
− OpEx
−$16.1K −$4.48/SF
NOI
$37.6K $10.46/SF
Area
Cumberland County, ME
Vacancy
17.00%
Lease Rate
$18.00 /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%
$752,980
Cap Rate 7%
$537,843
Cap Rate 9%
$418,322
Alternative Uses
Best Use
Retail
$537.8K
$470.6K – $627.5K
NOI $37,649 @ 7.0% cap · market cap 8.37%
Second Best
Industrial
$329.1K
$288.0K – $384.0K
NOI $23,037 @ 7.0% cap · market cap 5.12%
Theoretical Best
Office A
$989.5K
$865.8K – $1.15M
NOI $69,262 @ 7.0% cap · market cap 15.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
376
Businesses Nearby
15k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 87%
Shops & Services 12%
Home Improvements & Furnishings 1%
Aroma Joe's
Dining
10,579 visits/mo
0.3 miles
Domino's Pizza
Dining
2,166 visits/mo
0.2 miles
Advance Auto Parts
Shops & Services
1,719 visits/mo
0.4 miles
Ferguson
Home Improvements & Furnishings
153 visits/mo
0.4 miles
Demographics for 04062, ME
18,464
Population
8,695
Households
2.1
Avg Household Size
42
Median Age
42%
College-Educated
98%
High-School Grad
46.7 sq mi
ZIP Area
395
Density / Sq Mi
$98,946
Median Household Income
$57,505
Median Earnings
$1,189
Median Rent
$370,900
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Cobbs Collisions Center / Accident Inspection Services — 7 Heathwood Dr, Windham, ME 04062
- Jcm Automotive — 971 River Rd, Windham, ME 04062
- Time4Printing — 588 Roosevelt Trail, Windham, ME 04062
- Aceto's Auto — 619 Roosevelt Trail #3, Windham, ME 04062
- M&R Auto Solutions — 1004 River Rd Ste B, Windham, ME 04062
Frequently Asked Questions
What type of property is this?
Auto shop - C-1-zoned commercial space configured for automotive service and repair operations.
Where is this auto shop located?
The property is located at 648 Roosevelt Trail Windham, ME.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: 3,600‑square‑foot commercial garage; Multiple vehicle lifts included; Currently configured for auto mechanic operations
