Building Details

Year Built 1900

Listed By: Doug Schauf · License #BA917314 Show Phone

Source: Makemaineyourhome

Added: Sep 1 Changed: Oct 1 Last Checked: Oct 16 at 8:15AM

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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 Doug Schauf

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Investment Insights

Based on property information with market context.

This multifamily property comprises 2,160 square feet and was built in 1900. The asset is located at 705 Roosevelt Trl in Windham, Maine.

Key Highlights

• 2,160 square feet of multifamily space
• Built in 1900
• Located at 705 Roosevelt Trl, Windham, ME 04062

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$35,512

Cap Rate

6.13%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$710,240 $710.2K

Cap Rate 7%

$507,314 $507.3K

Cap Rate 9%

$394,578 $394.6K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,160 SF

Gross rent

$68.7K $31.80/SF

− Vacancy

−$4.1K −$1.91/SF

EGI

$64.6K $29.89/SF

− OpEx

−$29.1K −$13.45/SF

NOI

$35.5K $16.44/SF

Area

Cumberland County, ME

Vacancy

6.00%

Lease Rate

$31.80 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$710,240

Cap Rate 7%

$507,314

Cap Rate 9%

$394,578

Alternative Uses

Best Use

Apartment 5plus

$507.3K

$443.9K – $591.9K (±1% cap)

NOI $35,512 @ 7.0% cap · market cap 6.13%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$593.7K

$519.5K – $692.6K (±1% cap)

NOI $41,557 @ 7.0% cap · market cap 7.18%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Multifamily properties

Suggested Use

Top Pick Storage Facility Parking Lot & Garage (Bike/Boat/Book/etc) Store Veterinary Clinic Plumbing Service Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

611

Businesses Nearby

Explore this area 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

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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NNN Commercial Building

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Windham Commercial Building on Route 302

989 Roosevelt Trail, Windham, ME 04062

$750,000

5,544 SF

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Frequently Asked Questions

What type of property is this?

Multifamily property - Established multifamily property dating to 1900.

Where is this multifamily property located?

The property is located at 705 Roosevelt Trl Windham, ME.

What is the asking price?

The asking price for this property is $579,000.

What are key features of this property?

This property features: 2,160 square feet of multifamily space; Built in 1900; Located at 705 Roosevelt Trl, Windham, ME 04062