Quonset-Style Live-Work
66 James Way, Windham, ME 04062
For Sale
$289,900
A separate office and on-site apartment support business operations and living within the same building.
Property Size2,674 SF
Price / SF$108.41
Days on Market426
Property Features for 66 James Way
General Information
Standard status
Size
Property subtype
Zoning
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Stories
Construction
Listing Agency:
Spectrum Real Estate
(207) 805-3707
Listed By:
Fred Andrews
(207) 233-6699
Source:
Integrityhomesrealestategroup
Added: Sep 12, 2025
Changed: Nov 11
Last Checked: Nov 11 at 2:03AM
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 Spectrum Real Estate
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Investment Insights
Based on property information with market context.
The Quonset-style building combines office space with a small apartment for on-site living. Radiant floor heating, insulation and bright interior lighting are among its building features. The property is zoned F and was built in 2010.
The site encompasses almost 2 acres, with outdoor parking available. Located at 66 James Way in Windham, the property brings work and residential space together on one site.
The site encompasses almost 2 acres, with outdoor parking available. Located at 66 James Way in Windham, the property brings work and residential space together on one site.
Key Highlights
- Quonset‑style building with office space and a small apartment
- Radiant floor heating, insulation and bright interior lighting
- Almost 2 acres with outdoor parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,111
Cap Rate
5.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$342,220
$342.2K
Cap Rate 7%
$244,443
$244.4K
Cap Rate 9%
$190,122
$190.1K
Market Conditions
NOI Build-Up for 2,674 SF
Gross rent
$25.3K $9.48/SF
− Vacancy
−$905 −$0.34/SF
EGI
$24.4K $9.14/SF
− OpEx
−$7.3K −$2.74/SF
NOI
$17.1K $6.40/SF
Area
Cumberland County, ME
Vacancy
3.57%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$342,220
Cap Rate 7%
$244,443
Cap Rate 9%
$190,122
Alternative Uses
Best Use
Office B
$546.9K
$478.5K – $638.0K
NOI $38,281 @ 7.0% cap · market cap 13.20%
Second Best
Mixed Use
$474.4K
$415.1K – $553.5K
NOI $33,211 @ 7.0% cap · market cap 11.46%
Theoretical Best
Office A
$735.0K
$643.1K – $857.5K
NOI $51,447 @ 7.0% cap · market cap 17.75%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
3
Businesses Nearby
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Business Placement
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
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Live-work space - A separate office and on-site apartment support business operations and living within the same building.
Where is this live-work space located?
The property is located at 66 James Way Windham, ME.
What is the asking price?
The asking price for this property is $289,900.
What are key features of this property?
This property features: Quonset‑style building with office space and a small apartment; Radiant floor heating, insulation and bright interior lighting; Almost 2 acres with outdoor parking
