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    FOR LEASE
    Office buildings

    16 Northbrook Dr, Falmouth, ME 04105

    5,056 SF 1.61 ac lot Built 2000
    Entity Owned 1-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US42-0478344
    Property summary
    AI-generated overview

    This exceptional three-story office building, located at 16 Northbrook Drive in Falmouth, Maine, presents a compelling investment opportunity. Boasting 7,584 square feet of well-maintained space, this traditional office building was constructed in 2000 and sits on a generous 1.61-acre lot, zoned Business and Professional (BP). The property offers convenient access to US Route One, with close proximity to the Maine Turnpike/I-95 and I-295, ensuring easy commuting for employees and clients. Modern amenities include ADA accessibility, a passenger elevator, a loading dock, and updated landscaping. Each suite features its own exclusive-use kitchenette and bathrooms. Ample on-site parking is available, addressing a key concern for potential tenants. The large lot size presents possibilities for future expansion, adding further value to this already impressive property. The asking price is $1,500,000, translating to $197.78 per square foot. This represents a strong value proposition in a desirable location. This property is ideal for a variety of businesses seeking a high-quality, well-located office space in the thriving Falmouth market. The building's excellent condition and convenient location make it an attractive investment for both owner-occupiers and investors seeking a stable, high-return asset.

    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    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
    Addison Capital LLC · 1 yrs held
    Addison Capital LLC
    since 2024
    Last sale
    $1.4M
    3 recorded transactions
    2024
    $1.4M
    2018
    2016
    Zoning & alternative use
    BP · Falmouth, ME
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Commercial (general) $1.1M +16.6%
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    More about this property
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