Two-Office Commercial
940 Roosevelt Trail #10, Windham, ME 04062
For Sale
$112,000
C-1-zoned office space features a reception area, an open work area, and an accessible restroom.
Property Size581 SF
Price / SF$192.77
Days on Market262
Property Features for 940 Roosevelt Trail #10
General Information
Standard status
Size
Property subtype
Zoning
Additional Details
Property Use
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
Butts Commercial Brokers
(207) 892-5668
Listed By:
Reginald Butts
(207) 329-3069
Source:
Integrityhomesrealestategroup
Added: Feb 23
Changed: Nov 11
Last Checked: Nov 11 at 2:01AM
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
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Investment Insights
Based on property information with market context.
This C-1-zoned office unit, built in 1989, contains 581 square feet. Its layout includes two offices, a spacious reception area, and a bullpen that can accommodate additional desks. A handicap-accessible bathroom serves the suite.
A private entrance connects the unit directly to the parking lot, providing a separate point of entry.
A private entrance connects the unit directly to the parking lot, providing a separate point of entry.
Key Highlights
- 581 SF office suite built in 1989
- Two offices plus a reception area and bullpen for additional desks
- Private entrance from the parking lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,318
Cap Rate
7.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$166,360
$166.4K
Cap Rate 7%
$118,829
$118.8K
Cap Rate 9%
$92,422
$92.4K
Market Conditions
NOI Build-Up for 581 SF
Gross rent
$12.7K $21.84/SF
− Vacancy
−$1.6K −$2.75/SF
EGI
$11.1K $19.09/SF
− OpEx
−$2.8K −$4.77/SF
NOI
$8.3K $14.32/SF
Area
Cumberland County, ME
Vacancy
12.60%
Lease Rate
$21.84 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$166,360
Cap Rate 7%
$118,829
Cap Rate 9%
$92,422
Alternative Uses
Best Use
Office B
$118.8K
$104.0K – $138.6K
NOI $8,318 @ 7.0% cap · market cap 7.43%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$159.7K
$139.7K – $186.3K
NOI $11,178 @ 7.0% cap · market cap 9.98%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
185
Businesses Nearby
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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
$370,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Office Units in Cumberland County, ME
Properties on Market for Office Units in Cumberland County
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - C-1-zoned office space features a reception area, an open work area, and an accessible restroom.
Where is this office unit located?
The property is located at 940 Roosevelt Trail #10 Windham, ME.
What is the asking price?
The asking price for this property is $112,000.
What are key features of this property?
This property features: 581 SF office suite built in 1989; Two offices plus a reception area and bullpen for additional desks; Private entrance from the parking lot
