16 Northbrook Dr Falmouth, ME 04105
Property profile & analytics
16 Northbrook Dr Falmouth, ME 04105
- Office buildings
- 5,056 SF
- 1.61 lot acres
Property ID
US42-0478344
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Office buildings
Property Details for 16 Northbrook Dr
- Year built
- 2000
- Construction
- FRAME
- Lot size
- 1.61 lot acres
- Property size
- 5,056 SF
- Zone code
- BP
- Property type
- Office buildings
- APN
- FMTH M:U59 B:010 L:A21
- APU
- FMTHMU59B010LA21
Description
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.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,395,000
- ML approach
- $1,395,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,285,000
- 6.5%
- $1,190,000
- 7%
- $1,105,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,157,000
Market price range: $651k - $1.32M -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $980,000 Current use
- COMMERCIAL (GENERAL)
- $1,140,000 Change: +17% Conversion: Easy
- RETAIL STORES
- $960,000 Change: -2% Conversion: Moderate
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Falmouth
- County
- Cumberland
- State
- Maine
- Longitude
- -70.2206
- Latitude
- 43.7364
- CBSA code
- 38860
- CBSA name
- PORTLAND-SOUTH PORTLAND-BIDDEFORD, ME METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$14,439
$352,700
$789,600
$1,142,300
-
$0.00
$0.00
$0.00
