60 Forest Falls DrYarmouth, ME 04096

  • Office properties
  • 4,271 SF
For Lease
$19.75/SF/YR View listing

Property Details for 60 Forest Falls Dr

Year built
2002
Construction
FRAME
Lot size
0.75 AC
Property size (Sq ft)
4,271 SF
Zone code
21
Property type
Office properties
Property subtype
Office buildings
APN
YMTH M:011 L:001 U:014
APU
YMTHM011L001U014

Description

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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $706,124
    6.5%
    $651,807
    7%
    $605,249
  • Comparable approach

    Method
    Valuation
    Relative Method
    $558,049
    Geo Method
    $558,049
  • Alternative Use

    Use
    Valuation
    Residential
    $808,240
    Hospitality
    $740,344
    Educational
    $615,957
    Medical
    $637,141
    Retail
    $958,156
60 Forest Falls Dr, Yarmouth, Maine

Location Insight

City
Yarmouth
County
Cumberland
State
Maine
Latitude
43.8058
Longitude
-70.187
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
$18,043
$184,700
$581,800
$766,500
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