Auto Shop with Paint
For Sale
$1,500,000
847 Roosevelt Trail #2, Windham, ME 04062
C1 Commercial property combines an established service building with a separate rear development parcel.
Property Size6,984 SF
Price / SF$214.78
Days on Market378
Property Features for 847 Roosevelt Trail #2
General Information
Standard status
Active
Size
6,984 SF
Property subtype
Commercial
Zoning
C1 Commercial
Site & Location
Road Access
Yes
Utilities to Site
Yes
Additional Details
Asking Price
$1,500,000
Power
200 amps
Taxes and HOA fees
Annual Taxes
$9,108
Amenities
paint booth
display area
Building Details
Building Size
6,984 SF
Buildings
1
Stories
1
Listing Agency:
Butts Commercial Brokers
(207) 415-2112
Listed By:
Lawrence Eliason · License #MAINEBR115110
(207) 415-2112
Source:
Startpoint
Added: Aug 19, 2025
Changed: Aug 31
Last Checked: Aug 31 at 3:25AM
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 Butts Commercial Brokers
Investment Insights
Based on property information with market context.
This auto shop offering includes a 6,984 +/- Sq. Ft. commercial condominium building on approximately 1.89 +/- acres, together with a separate 2.06 +/- acre rear vacant lot. The building has a propane-fired heating system, 200 AMP electrical service, private septic, public water, and an available paint booth. The property has been used as a body shop and includes a large parking area for vehicles, employees, and visitors.
Located at 847 Roosevelt Trail, Unit 2, the property shares a main entrance on Rt. 302 and provides approximately 100' +/- of shared road frontage. A display area is positioned along the right side facing the property from Rt. 302. The rear parcel adds acreage for expansion or new development, subject to applicable approvals and site requirements.
Located at 847 Roosevelt Trail, Unit 2, the property shares a main entrance on Rt. 302 and provides approximately 100' +/- of shared road frontage. A display area is positioned along the right side facing the property from Rt. 302. The rear parcel adds acreage for expansion or new development, subject to applicable approvals and site requirements.
Key Highlights
- 6,984 +/- Sq. Ft. commercial condo building on a 1.89 +/- acre site
- Separate 2.06 +/- acre rear vacant lot included
- Available paint booth for light manufacturing and automotive‑related 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
$73,039
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
4.87%
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%
$1,460,780
$1.5M
Cap Rate 7%
$1,043,414
$1.0M
Cap Rate 9%
$811,544
$811.5K
Market Conditions
NOI Build-Up for 6,984 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
$125.7K $18.00/SF
− Vacancy
−$21.4K −$3.06/SF
EGI
$104.3K $14.94/SF
− OpEx
−$31.3K −$4.48/SF
NOI
$73.0K $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%
$1,460,780
Cap Rate 7%
$1,043,414
Cap Rate 9%
$811,544
Alternative Uses
Best Use
Retail
$1.04M
$913.0K – $1.22M
NOI $73,039 @ 7.0% cap · market cap 4.87%
Second Best
Industrial
$638.4K
$558.6K – $744.9K
NOI $44,691 @ 7.0% cap · market cap 2.98%
Theoretical Best
Office A
$1.92M
$1.68M – $2.24M
NOI $134,369 @ 7.0% cap · market cap 8.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
467
Businesses Nearby
Well-served
Demand for This Use
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 Industrial in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Tinker Automotive Services — 51 Tandberg Trail, Windham, ME 04062
- G & K Motors — 51 Tandberg Trail, Windham, ME 04062
- Forever Two Wheels — 91 Tandberg Trail, Windham, ME 04062
- Walmart Auto Care Centers — 30 Landing Rd, Windham, ME 04062
- VIP Tires & Service — 2 Amato Dr, Windham, ME 04062
Frequently Asked Questions
What type of property is this?
Auto shop - C1 Commercial property combines an established service building with a separate rear development parcel.
Where is this auto shop located?
The property is located at 847 Roosevelt Trail #2 Windham, ME.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 6,984 +/- Sq. Ft. commercial condo building on a 1.89 +/- acre site; Separate 2.06 +/- acre rear vacant lot included; Available paint booth for light manufacturing and automotive‑related operations
