Windham Commercial Building on Route
For Sale
Contact for pricing
989 Roosevelt Trail, Windham, ME 04062
Commercial building in prime location with high visibility and traffic.
Property Size2,772 SF
Lot Size0.79 Acres
Price / SF$270.56
Days on Market164
Property Features for 989 Roosevelt Trail
General Information
Standard status
Active
Size
2,772 SF
Lot size
0.79 Acres
Property subtype
Industrial, Office, Retail
Zoning
C1N
Building Details
Buildings
1
Stories
1
Units
1
Listing Agency:
Butts Commercial Brokers
(207) 415-2112
Listed By:
Lawrence Eliason · License #Maine BR115110
Source:
Crexi
Added: Mar 12
Changed: Aug 15
Last Checked: Aug 21 at 5:25PM
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
Investment Insights
Based on property information with market context.
Located at 989 Roosevelt Trail in Windham, Maine, this commercial building offers approximately 2,772 square feet of first-floor space. The layout includes a retail showroom or office area, a workshop room, and warehouse space. Situated on a 0.79-acre lot, the property features approximately 300 feet of road frontage on Route 302. It is zoned C1N Commercial District. The building is equipped with a natural gas-fired heating system and a 200 AMP electrical service. It utilizes a private septic system and public water. The property is well-appointed and located in a prime North Windham location on Route 302, making it suitable for a retail business with service, parts, and accessories, as well as for contractors in all trades. The property benefits from high traffic volume and excellent visibility from both directions on Route 302, located just north of the Quarry Business Park at Enterprise Drive. The 2025/2026 taxes are $3,299.62.
Key Highlights
- Prime North Windham location on Rt. 302 with high traffic count and superb visibility.
- 2,772 +\/- Sq. Ft. of first‑floor space suitable for retail, showroom, office, workshop, and warehouse use.**
- Located in C1N Commercial District, ideal for retail businesses and contractors.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$39,684
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.29%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$793,680
$793.7K
Cap Rate 7%
$566,914
$566.9K
Cap Rate 9%
$440,933
$440.9K
Market Conditions
NOI Build-Up for 2,772 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$60.5K $21.84/SF
− Vacancy
−$7.6K −$2.75/SF
EGI
$52.9K $19.09/SF
− OpEx
−$13.2K −$4.77/SF
NOI
$39.7K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$793,680
Cap Rate 7%
$566,914
Cap Rate 9%
$440,933
Alternative Uses
Best Use
Office B
$566.9K
$496.1K – $661.4K
NOI $39,684 @ 7.0% cap · market cap 5.29%
Second Best
Mixed Use
$491.8K
$430.4K – $573.8K
NOI $34,428 @ 7.0% cap · market cap 4.59%
Theoretical Best
Office A
$761.9K
$666.7K – $888.9K
NOI $53,332 @ 7.0% cap · market cap 7.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
117
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercial building in prime location with high visibility and traffic.
Where is this mixed-use property located?
The property is located at 989 Roosevelt Trail Windham, ME.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Prime North Windham location on Rt. 302 with high traffic count and superb visibility.; 2,772 +\/- Sq. Ft. of first‑floor space suitable for retail, showroom, office, workshop, and warehouse use.**; Located in C1N Commercial District, ideal for retail businesses and contractors.
