16 Northbrook DrFalmouth, ME 04105

  • Office properties
  • 5,056 SF
For Sale
$1,500,000 View listing

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
16 Northbrook Dr, Falmouth, Maine

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

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
-
-
-
-

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].