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Building Details

Year Built 2013

Buildings 1

Construction 2x6 construction

Listing Agency: EXP Realty m***@exprealty.net Show Phone

Listed By: Debra Santos-Chapman · License #920490 Show Phone

Source: Exprealty

Added: May 21 Changed: Oct 13 Last Checked: Oct 15 at 12:28AM

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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 EXP Realty

Investment Insights

Based on property information with market context.

Built in 2013, this 1,920-square-foot mixed-use building combines four separate offices with a large eat-in kitchen, half bath, and utility room. A second large room is currently unfinished, providing additional interior space for business use or conversion to an apartment. The property also features 2x6 construction, level entry, and mixed zoning.

The building offers ample parking and is positioned close to town with visibility from the surrounding area. Its existing office layout and additional unfinished space provide a combination of ready-to-use areas and room for further configuration.

Key Highlights

• 1,920‑square‑foot mixed‑use building built in 2013
• Four separate offices plus a large eat‑in kitchen
• Large unfinished room for additional business space or apartment conversion

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$13,759

Cap Rate

5.50%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$275,180 $275.2K

Cap Rate 7%

$196,557 $196.6K

Cap Rate 9%

$152,878 $152.9K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,920 SF

Gross rent

$24.2K $12.60/SF

− Vacancy

−$2.2K −$1.13/SF

EGI

$22.0K $11.47/SF

− OpEx

−$8.3K −$4.30/SF

NOI

$13.8K $7.17/SF

Area

Penobscot County, ME

Vacancy

9.00%

Lease Rate

$12.60 /SF/Yr

Expense Ratio

37.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$275,180

Cap Rate 7%

$196,557

Cap Rate 9%

$152,878

Alternative Uses

Best Use

Office B

$387.7K

$339.3K – $452.4K (±1% cap)

NOI $27,141 @ 7.0% cap · market cap 10.86%

Second Best

Mixed Use

$196.6K

$172.0K – $229.3K (±1% cap)

NOI $13,759 @ 7.0% cap · market cap 5.50%

Theoretical Best

Office A

$620.1K

$542.6K – $723.5K (±1% cap)

NOI $43,407 @ 7.0% cap · market cap 17.36%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Office Units

Suggested Use

Top Pick Parking Lot & Garage Law Firm Electrical Service Pharmacy Plumbing Service Real Estate Agency

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4

Office units

Location Intelligence

Trade Area within ½ mile

196

Businesses Nearby

Explore this area Business Placement

Demographics for 04930, ME

4,287

Population

2,463

Households

1.7

Avg Household Size

48

Median Age

17%

College-Educated

92%

High-School Grad

60.3 sq mi

ZIP Area

71

Density / Sq Mi

$53,537

Median Household Income

$38,085

Median Earnings

$891

Median Rent

$159,200

Median Home Value

Market

Vacancy Rate% for Office in Northeast region

13.1% 2019

15.4% 2020

17.6% 2021

19.1% 2022

20.2% 2023

20.9% 2024

19.9% 2025

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Four offices, a kitchen, and an unfinished room support business or residential configuration.

Where is this mixed-use property located?

The property is located at 97 Church St Dexter, ME.

What is the asking price?

The asking price for this property is $250,000.

What are key features of this property?

This property features: 1,920‑square‑foot mixed‑use building built in 2013; Four separate offices plus a large eat‑in kitchen; Large unfinished room for additional business space or apartment conversion