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    7 Maclellan Ln Eliot, ME 03903

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    For Lease
    Contact for pricing

    Prime Eliot location, build-to-suit options.

    Lot size:
    28,480 SF

    Property Features for 7 Maclellan Ln

    General Information

    Property type
    Office properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    28,480 SF

    Building Details

    Buildings
    3

    Spaces For Lease

    at 7 Maclellan Ln, Eliot, ME 03903 Contact us

    We can help!

    Listing Contact
    Christian Stallkamp
    Christian Stallkamp

    Listing Agency: The Boulos Company Listing Agent: Christian Stallkamp

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    This exceptional commercial property at 7 MacLellan Lane in Eliot, Maine, offers a unique opportunity for businesses seeking flexible and adaptable space. Situated on a 3.1-acre lot in York County, this property comprises three buildings totaling 28,480 square feet and is zoned C/I. Currently, there is 5,200 square feet of vacant space available for lease. The property is ideal for multiple tenants, with a minimum divisible space of 2,000 square feet and a maximum contiguous space of 3,200 square feet. Building 2 features 2,000 square feet of available second-floor office or production space, perfect for a variety of uses. Building 3 offers 1,600 to 3,200 square feet of space available for build-to-suit retail or office tenants, providing a customizable solution to meet specific business needs. This prime location in Eliot, Maine, offers excellent visibility and accessibility, making it an attractive option for businesses seeking a thriving commercial environment. The property's versatile layout and build-to-suit options provide significant flexibility for potential tenants. Don't miss this chance to secure your ideal workspace in this desirable location. Contact us today to learn more about leasing opportunities and explore the possibilities of customizing your space to perfectly fit your business requirements. The zip code is 03903.
    Property Profile Location Intelligence

    Current Use by Public Records

    Isalis (Bike/Boat/Book/etc) Store Party City Party Supply Store Skunk Funk Big Box & Wholesale Store Carl's Trading Co Hat Shop Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Building Supply Dental Office Big Box & Wholesale Store Auto Repair Shop Hotel & Motel Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Eliot
    County
    York
    State
    Maine
    Longitude
    -70.779983
    Latitude
    43.1383879

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      2,000 SF

      Commercial Space in Eliot, Maine

      Commercial space for lease with build-to-suit options.
      7 Maclellan Ln, Eliot, ME
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    FAQs

    What type of property is this?
    Office property - Prime Eliot location, build-to-suit options.
    Where is this office property located?
    The property is located at 7 Maclellan Ln Eliot, ME.
    What are key features of this property?
    This property features: Exceptional 28,480 SF commercial property on 3.1 acres in Eliot, ME (03903).; Three buildings available, with 5,200 SF of vacant space. Divisible units from 2,000 SF minimum to 3,200 SF maximum contiguous.; High-visibility location on Route 236, boasting 15,560+ VPD (MDOT).
    (603) 427-1333 Call to check price and availability
    Request Owner's contact information
    7 Maclellan Ln Eliot, ME 03903
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    7 Maclellan Ln Eliot, ME 03903
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    Contact for Pricing
    Please call us for current price
    and status of this listing Christian Stallkamp
    Christian Stallkamp
    Real Estate License ID: 064644
    (603) 427-1333 (603) 828-3818
    Learn more
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