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Property profile & analytics
OFF-MARKET
Office Spaces

2 Beech St Hallowell, ME 04347

Built 1875
Property ID
Property summary
AI-generated overview

This renovated 3-story, Class B office building at 2 Beech Street in Hallowell, Maine (04347) offers flexible office spaces ranging from 175 to 2,300 square feet. Built in 1875, the property features updated exteriors, energy-efficient windows, and modern interiors including wall-to-wall carpeting, sheetrocked walls, new lighting, and acoustical tile ceilings. All asbestos and lead paint has been abated. The building is currently 70% occupied by a mix of professional tenants. The first two floors are partitioned into various suites, some including fireplaces and conference rooms, ideal for executive office space. The third floor, a renovated attic space, offers additional office space with exposed wooden beams. Suites 203, 207, and 208 can be combined for a total of 2,300 square feet, available for $3,450 per month gross. Alternatively, Suite 207 can be subdivided into individual 175-square-foot offices, each leasing for $550 per month gross. The minimum divisible space is 450 square feet, with a maximum contiguous space of 1,503 square feet. The property is zoned SSPDD and located within the Kennebec County Stevens Commons development, a planned mixed-use project featuring conserved open space, residential options, and enhanced community amenities. This presents a unique opportunity to lease office space in a revitalized historic building within a growing community.

Property profile
Verified
Property type Office Spaces
Year built 1875
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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