16 Northbrook DrFalmouth, ME 04105

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 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.

• 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

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