Commercial Land with Cell
For Sale
$399,000
70 Lagrange Road, Howland, ME 04448
The site includes an existing business, an expansive garage, and a cell tower.
Property Size3,600 SF
Days on Market189
Property Features for 70 Lagrange Road
General Information
Standard status
Active
Size
3,600 SF
Property subtype
Commercial
Zoning
13 Residential B
Taxes and HOA fees
Annual Taxes
$6,755
Building Details
Building Size
3,600 SF
Listing Agency:
NextHome Experience
(207) 343-0143
Listed By:
Lewis Morrison
(207) 343-0143
Source:
Startpoint
Added: Jan 29
Changed: Aug 6
Last Checked: Aug 6 at 2:55AM
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 NextHome Experience
Investment Insights
Based on property information with market context.
This 2.95-acre commercial land property at 70 Lagrange Road includes an existing business, an expansive garage, and a cell tower. The parcel is zoned 13 Residential B and sits just off the highway, providing direct access to the surrounding roadway network.
The cell tower is expected to generate revenue through 2029, after which an easement will allow it to remain on the property in perpetuity. These existing improvements and ongoing tower arrangement are part of the site’s current configuration.
The cell tower is expected to generate revenue through 2029, after which an easement will allow it to remain on the property in perpetuity. These existing improvements and ongoing tower arrangement are part of the site’s current configuration.
Key Highlights
- 2.95 acres at 70 Lagrange Road, Howland, ME 04448
- Existing business and expansive garage on site
- Cell tower generating revenue through 2029
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $51.8k | $14.40 |
| − Vacancy | −$8.8k | −$2.45 |
| EGI | $43.0k | $11.95 |
| − OpEx | −$12.9k | −$3.59 |
| NOI | $30.1k | $8.37 |
3,600 SF · lease $14.40/SF/yr · vacancy 17.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$430.3K
$376.5K – $502.0K
NOI $30,119 @ 7.0% cap · market cap 7.55%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.16M
$1.02M – $1.36M
NOI $81,389 @ 7.0% cap · market cap 20.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
27
Businesses Nearby
Explore this area
Business Placement
Demographics for 04448, ME
1,265
Population
692
Households
1.8
Avg Household Size
52
Median Age
14%
College-Educated
92%
High-School Grad
93.9 sq mi
ZIP Area
13
Density / Sq Mi
$48,958
Median Household Income
$34,444
Median Earnings
$938
Median Rent
$115,600
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - The site includes an existing business, an expansive garage, and a cell tower.
Where is this commercial land located?
The property is located at 70 Lagrange Road Howland, ME.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: 2.95 acres at 70 Lagrange Road, Howland, ME 04448; Existing business and expansive garage on site; Cell tower generating revenue through 2029
