Medical Office with Conference
875 Hammond Street, Bangor, ME 04401
For Sale
$525,000
A single-level layout offers ramp and stair access, ADA-compliant bathrooms, and a naturally lit reception area.
Property Size2,700 SF
Price / SF$194.44
Days on Market466
Property Features for 875 Hammond Street
General Information
Standard status
Size
Property subtype
Zoning
Additional Details
Condition
Public Transit
Property Use
Taxes and HOA fees
Annual Taxes
Amenities
conference room
reception area
kitchen
ADA-compliant bathrooms
storage
off-street parking
Building Details
Building Size
Year Built
Buildings
Stories
Listing Agency:
Realty of Maine
(207) 942-6310
Listed By:
Patricia Largay
(207) 949-3060
Source:
Integrityhomesrealestategroup
Added: Aug 3, 2025
Changed: Nov 11
Last Checked: Nov 11 at 2:17AM
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 Realty of Maine
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Investment Insights
Based on property information with market context.
This 2,700-square-foot medical office occupies a single-level building constructed in 1994. The interior includes a reception area with large windows, a conference room with cathedral ceilings and exposed beams, and a kitchen concealed behind library shelving. Additional features include storage, bathrooms that meet ADA requirements, and off-street parking. Access to the building is available by ramp or stairs, and the property is commercially zoned.
At 875 Hammond Street in Bangor, the site is on a bus route and has exposure along a busy street. The building previously served as a healthcare facility and includes interior features suited to meetings, reception, food preparation, and storage.
At 875 Hammond Street in Bangor, the site is on a bus route and has exposure along a busy street. The building previously served as a healthcare facility and includes interior features suited to meetings, reception, food preparation, and storage.
Key Highlights
- 2,700 SF medical office in a single‑level building
- Commercial zoning at 875 Hammond Street, Bangor
- Built in 1994
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,168
Cap Rate
7.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$763,360
$763.4K
Cap Rate 7%
$545,257
$545.3K
Cap Rate 9%
$424,089
$424.1K
Market Conditions
NOI Build-Up for 2,700 SF
Gross rent
$58.3K $21.60/SF
− Vacancy
−$7.4K −$2.75/SF
EGI
$50.9K $18.85/SF
− OpEx
−$12.7K −$4.71/SF
NOI
$38.2K $14.14/SF
Area
Penobscot County, ME
Vacancy
12.74%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$763,360
Cap Rate 7%
$545,257
Cap Rate 9%
$424,089
Alternative Uses
Best Use
Office B
$545.3K
$477.1K – $636.1K
NOI $38,168 @ 7.0% cap · market cap 7.27%
Second Best
Healthcare Medical
$447.2K
$391.3K – $521.8K
NOI $31,306 @ 7.0% cap · market cap 5.96%
Theoretical Best
Office A
$872.0K
$763.0K – $1.02M
NOI $61,042 @ 7.0% cap · market cap 11.63%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
297
Businesses Nearby
Balanced
Demand for This Use
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Business Placement
Demographics for 04401, ME
44,608
Population
20,932
Households
2.1
Avg Household Size
40
Median Age
37%
College-Educated
96%
High-School Grad
100.1 sq mi
ZIP Area
446
Density / Sq Mi
$66,136
Median Household Income
$40,863
Median Earnings
$1,048
Median Rent
$229,600
Median Home Value
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Medical Office Space - A single-level layout offers ramp and stair access, ADA-compliant bathrooms, and a naturally lit reception area.
Where is this medical office space located?
The property is located at 875 Hammond Street Bangor, ME.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: 2,700 SF medical office in a single‑level building; Commercial zoning at 875 Hammond Street, Bangor; Built in 1994
