Automotive Garage with
648 Roosevelt Trail, Windham, ME 04062
For Sale
$450,000
C-1-zoned commercial space currently operates as an auto mechanic shop.
Property Size3,600 SF
Price / SF$125
Days on Market1011
Property Features for 648 Roosevelt Trail
General Information
Standard status
Size
Property subtype
Zoning
Tenancy & Operations
Currently Operating
Real Estate Included
Additional Details
Road Access
Automotive Uses
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
Landing Real Estate
(207) 775-7653
Listed By:
Kaitlyn Hall
(207) 756-2418
Source:
Integrityhomesrealestategroup
Added: Feb 5, 2024
Changed: Nov 11
Last Checked: Nov 11 at 2:22AM
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
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 property is a 3,600-square-foot automotive garage built in 1950, with multiple lifts. It is currently used as an auto mechanic shop.
The building is located at 648 Roosevelt Trail in Windham, Maine, on Route 302. It is zoned C-1.
The building is located at 648 Roosevelt Trail in Windham, Maine, on Route 302. It is zoned C-1.
Key Highlights
- 3,600 square feet of commercial garage space
- Multiple vehicle lifts
- Currently used as an auto mechanic shop
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,649
Cap Rate
8.37%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
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
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
Similar Off Market Nearby
- Time4Printing — 588 Roosevelt Trail, Windham, ME 04062
- Jcm Automotive — 971 River Rd, 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
- Cobbs Collisions Center / Accident Inspection Services — 7 Heathwood Dr, Windham, ME 04062
Frequently Asked Questions
What type of property is this?
Auto shop - C-1-zoned commercial space currently operates as an auto mechanic shop.
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 feet of commercial garage space; Multiple vehicle lifts; Currently used as an auto mechanic shop
