Property profile

16 Northbrook Dr Falmouth, ME 04105

OFF-MARKET
Office buildings
Property ID
US42-0478344
5,056 SF 1.61 ac lot Built 2000
Entity Owned 1-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

The property is an office suite totaling approximately 2,611 square feet, configured with efficient workspace plus a kitchenette and an additional flex space area. It includes a loading dock for service access. The site is located in a suburban setting with convenient highway access, and is approximately 10 minutes from downtown Portland.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 2000
Construction FRAME
Total area 5,056 SF
Lot 1.61 ac (70,132 SF)
Zoning code BP
APN FMTH M:U59 B:010 L:A21
UPID US42-0478344

Cap rate & NOI

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

Location

16 Northbrook Dr Falmouth, ME 04105-1318
Falmouth metro Census 2501 PORTLAND-SOUTH PORTLAND-BIDDEFORD, ME METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.40M
CAP Approach CAP
$1.19M
Comparable Approach Comparable
$1.16M
Blend (final) Blend
$1.40M

Owner & transaction history

since 2024
Last sale
$1.4M
3 recorded transactions
2024
$1.4M
2018
Price N/A
2016
Price N/A

Zoning & alternative use

BP · Falmouth, ME
Zoning description

This zoning district is intended to include business and professional offices, art and craft studios, tradesman's offices, restaurant, restaurant, carry-out, museums, bed and breakfast establishments, single family detac…

General category PLANNED_DEVELOPMENT
Top alternative use upside
Commercial (general) $1.1M +16.6%

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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