Active
507 Walnut Hill Road
North Yarmouth ME, 04097
$475,000
Active
2,720 sqft
Commercial
Built in 1990
Courtesy of EXP Realty
Ideal 1031 replacement property leased to Sunflower Friends Early Learning Academy LLC, paying $2,720 monthly NNN, with a lease terminatiing October 31, 2027. Yields $32,640 NNN (tenant pays all expenses) equaling a cap rate of 6.87%.
Rent increases to $35,904 ($2,992 monthly) effective November 1, 2025, yielding a cap rate of 7.56%.
1597641
MLSⓇ ID
July 20, 2024
Listed
October 15, 2024
Updated
Map
507 Walnut Hill Road
North Yarmouth ME, 04097
Interior Features
Total Stories
2
Floor Description
Tile, Carpet
Fireplace
No
Cooling
Yes
Cooling Description
A/C Units
Heating
Yes
Heating Description
Forced Air
Exterior/Building Features
Lot Size
1 Acre
Lot Features
Downtown, Business District
Roof
Composition, Pitched
Sewer
Private Sewer
Other Property Details
Taxes
$5,562
Tax Frequency
Annually
Garage
No
Parking
11 - 20 Spaces, On Site, Paved
View
No
County
Cumberland
Water Source
Public
Pool
No
Zoning
Village Central
Listing History
Date | Event | Price |
|---|---|---|
8/30/2024 | Price change | $475,000 -5% |
Listing Contact: 207-318-9984
Courtesy of EXP Realty
Listing data is derived in whole or in part from the Maine IDX and is for consumers' personal, noncommercial use only. Dimensions are approximate and not guaranteed. All data should be independently verified. © 2024 Maine Real Estate Information System, Inc. All Rights Reserved. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor Emilie Cole shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
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Data last updated 1:20 AM UTC, 10/15/2024
