16 Northbrook DrFalmouth, ME 04105
- Office properties
- 5,056 SF
Property Details for 16 Northbrook Dr
- Year built
- 2000
- Construction
- FRAME
- Lot size
- 1.61 AC
- Property size (Sq ft)
- 5,056 SF
- Zone code
- BP
- Property type
- Office properties
- Property subtype
- 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.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $835,908
- 6.5%
- $771,607
- 7%
- $716,492
-
Comparable approach
- Method
- Valuation
- Relative Method
- $660,617
- Geo Method
- $660,617
-
Alternative Use
- Use
- Valuation
- Residential
- $956,793
- Hospitality
- $876,417
- Educational
- $729,169
- Medical
- $754,246
- Retail
- $1,134,263
Location Insight
- City
- Falmouth
- County
- Cumberland
- State
- Maine
- Latitude
- 43.7364
- Longitude
- -70.2206
- CBSA code
- 38860
- CBSA name
- PORTLAND-SOUTH PORTLAND-BIDDEFORD, ME METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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