Property profile

60 Frst Fls Dr Yarmouth, ME 04096

OFF-MARKET
Office buildings
Property ID
US42-0373026
4,271 SF 0.75 ac lot Built 2002
Entity Owned 4-yr Hold ~ Est. High Equity
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional 1,450 square foot medical office space is situated within a larger 8,600 square foot multi-tenant building at 60 Forest Falls Drive. Built in 2002 and zoned for commercial use, this property offers an excellent opportunity for medical professionals seeking a well-maintained and conveniently located practice. The space boasts ample natural light and enjoys views of the Royal River, creating a pleasant and productive work environment. Each exam room is equipped with water access, a significant advantage for medical practices. The building's location offers easy accessibility, being conveniently situated just off US Route One, ensuring high visibility and convenient access for patients. The remaining 7,150 square feet of the building is currently occupied, indicating a strong and stable tenant base. This property presents a rare opportunity to acquire a move-in ready medical office space in a desirable location with excellent access and amenities. The property is zoned for commercial use, ensuring flexibility and potential for future expansion. The building's modern construction and well-maintained condition further enhance its appeal. This is an ideal space for a growing medical practice seeking a high-quality, accessible location.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 2002
Construction FRAME
Total area 4,271 SF
Lot 0.75 ac (32,670 SF)
Zoning code 21
APN YMTH M:011 L:001 U:014
UPID US42-0373026

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Medical Clinic
  • Physician
  • Physician
  • Pediatrician Physician
  • Medical Clinic

Location

60 Frst Fls Dr Yarmouth, ME 04096-6971
Yarmouth metro Census 4401 PORTLAND-SOUTH PORTLAND-BIDDEFORD, ME METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.01M
Comparable Approach Comparable
$1.04M
Blend (final) Blend
$400k

Owner & transaction history

since 2022
2 recorded transactions
2022
Price N/A
2012
Price N/A

Zoning & alternative use

21 · Yarmouth, ME
Top alternative use upside
Commercial (general) $965,000 +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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 60 Frst Fls Dr?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message