Mixed-Use Property with Upper-Level Living
88 Libby Hill Road, Oakland, ME 04963
For Sale
$535,000
Commercial space with a separate living area above, including a bathroom and kitchen space.
Property Size4,054 SF
Lot Size1.99 Acres
Price / SF$131.97
Days on Market612
Property Features for 88 Libby Hill Road
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Additional Details
Highway Access
Property Use
Medical Specialty
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Stories
Listing Agency:
Hoang Realty
(207) 623-0623
Listed By:
Heidi Witham Hoa Hoang
(207) 707-2919
Source:
Integrityhomesrealestategroup
Added: Mar 10, 2025
Changed: Nov 11
Last Checked: Nov 11 at 2:19AM
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 Hoang Realty
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Investment Insights
Based on property information with market context.
This 4,054-square-foot mixed-use property was built in 2004 and occupies a 1.99-acre parcel. The commercial area is configured for veterinary use, with living quarters above that include a bathroom and kitchen space; the kitchen does not have a stove. Five heat pumps serve the property. The site is zoned Commercial and offers highway access.
Key Highlights
- 4,054 square feet on a 1.99‑acre parcel
- Commercial area currently configured for veterinary use
- Upper‑level living space includes a bathroom and kitchen space, without a stove
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,822
Cap Rate
7.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$836,440
$836.4K
Cap Rate 7%
$597,457
$597.5K
Cap Rate 9%
$464,689
$464.7K
Market Conditions
NOI Build-Up for 4,054 SF
Gross rent
$73.0K $18.00/SF
− Vacancy
−$6.1K −$1.49/SF
EGI
$66.9K $16.51/SF
− OpEx
−$25.1K −$6.19/SF
NOI
$41.8K $10.32/SF
Area
Kennebec County, ME
Vacancy
8.30%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$836,440
Cap Rate 7%
$597,457
Cap Rate 9%
$464,689
Alternative Uses
Best Use
Office B
$818.7K
$716.4K – $955.1K
NOI $57,308 @ 7.0% cap · market cap 10.71%
Second Best
Healthcare Medical
$783.7K
$685.7K – $914.3K
NOI $54,857 @ 7.0% cap · market cap 10.25%
Theoretical Best
Office A
$1.15M
$1.01M – $1.34M
NOI $80,654 @ 7.0% cap · market cap 15.08%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
44
Businesses Nearby
Explore this area
Business Placement
Demographics for 04963, ME
7,358
Population
4,279
Households
1.7
Avg Household Size
45
Median Age
24%
College-Educated
95%
High-School Grad
51.1 sq mi
ZIP Area
144
Density / Sq Mi
$73,611
Median Household Income
$49,913
Median Earnings
$885
Median Rent
$228,200
Median Home Value
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Market
Average Price Trend$/SF for Mixed-use properties in Kennebec County, ME
Properties on Market for Mixed-use properties in Kennebec County
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercial space with a separate living area above, including a bathroom and kitchen space.
Where is this mixed-use property located?
The property is located at 88 Libby Hill Road Oakland, ME.
What is the asking price?
The asking price for this property is $535,000.
What are key features of this property?
This property features: 4,054 square feet on a 1.99‑acre parcel; Commercial area currently configured for veterinary use; Upper‑level living space includes a bathroom and kitchen space, without a stove
