Assisted Living Facility with Road
9 Lewiston Road, Gray, ME 04039
For Sale
$1,500,000
Residential-format care facility on a site suited to its current assisted living use.
Property Size5,892 SF
Lot Size1.50 Acres
Price / SF$254.58
Days on Market421
Property Features for 9 Lewiston Road
General Information
Standard status
Size
Lot size
Property subtype
Additional Details
Road Access
Currently Operating
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
Harborview Properties, Inc.
Listed By:
Francis Curran
(207) 878-7802
Source:
Oceanviewproperties
Added: Sep 15, 2025
Changed: Nov 7
Last Checked: Nov 8 at 8:59PM
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 Harborview Properties, Inc.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This residential-format assisted living facility contains 5,892 square feet and sits on 1.5 acres. Built in 1920, the property is currently used for assisted living.
The Gray property has 145 feet of road frontage. Average daily traffic on the road exceeds 10,000 vehicles.
The Gray property has 145 feet of road frontage. Average daily traffic on the road exceeds 10,000 vehicles.
Key Highlights
- 5,892‑square‑foot assisted living facility on 1.5 acres
- 145 feet of road frontage
- Average daily traffic exceeds 10,000 vehicles
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$96,868
Cap Rate
6.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,937,360
$1.9M
Cap Rate 7%
$1,383,829
$1.4M
Cap Rate 9%
$1,076,311
$1.1M
Market Conditions
NOI Build-Up for 5,892 SF
Gross rent
$187.4K $31.80/SF
− Vacancy
−$11.2K −$1.91/SF
EGI
$176.1K $29.89/SF
− OpEx
−$79.3K −$13.45/SF
NOI
$96.9K $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%
$1,937,360
Cap Rate 7%
$1,383,829
Cap Rate 9%
$1,076,311
Alternative Uses
Best Use
Apartment 5plus
$1.38M
$1.21M – $1.61M
NOI $96,868 @ 7.0% cap · market cap 6.46%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.62M
$1.42M – $1.89M
NOI $113,359 @ 7.0% cap · market cap 7.56%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
210
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 04039, ME
7,922
Population
4,265
Households
1.9
Avg Household Size
43
Median Age
46%
College-Educated
97%
High-School Grad
40.9 sq mi
ZIP Area
194
Density / Sq Mi
$94,284
Median Household Income
$55,646
Median Earnings
$1,321
Median Rent
$333,200
Median Home Value
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Similar Off Market Nearby
- Gray Manor — 9 Lewiston Rd, Gray, ME 04039
Frequently Asked Questions
What type of property is this?
Assisted living facility - Residential-format care facility on a site suited to its current assisted living use.
Where is this assisted living facility located?
The property is located at 9 Lewiston Road Gray, 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: 5,892‑square‑foot assisted living facility on 1.5 acres; 145 feet of road frontage; Average daily traffic exceeds 10,000 vehicles
