Property profile

18 Hope Dr Hallowell, ME 04347

OFF-MARKET
Warehouses
5,000 SF 1 ac lot
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Property summary

AI-generated overview

This exceptional 5,000 square foot freestanding industrial building presents a compelling owner-user opportunity in Hallowell, Maine. Located at 18 Hope Dr, this Class B property boasts a desirable location with highway visibility, offering excellent exposure for any business. The single-story building features 16-foot ceilings, two loading docks, and two dock-high doors, providing ample space and efficient loading capabilities. Currently leased to Pinnacle Window Solutions through April 30, 2026, with a base rent of $30,000 annually on a modified gross lease, this property offers immediate income potential. The property sits on approximately one acre of land in Kennebec County, zoned Rural Farm (APN 18B/56). The asking price is $375,000, translating to $75 per square foot. This represents a unique chance to acquire a well-maintained industrial space with significant potential for growth and profitability. The property's proximity to central Maine markets further enhances its appeal. Further details regarding lot size and laydown area are available upon request. This is a single-unit building, ideal for a variety of industrial uses.

Property profile

Verified
Property type Warehouses
Total area 5,000 SF
Lot 1 ac (43,560 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

18 Hope Dr Hallowell, ME 04347
Hallowell metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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