16 Northbrook Dr, Falmouth, ME 04105
For Lease
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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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
BP · Falmouth, MEFalmouth. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.