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4 Market Sq 5,673 SF 100% Leased Office Building Houlton, ME 04730 $800,000 ($141.02/SF) 7.41% Cap Rate
Investment Highlights
- National credit tenant (Fedcap — $404.5M revenue, 110+ locations)
- Significant capital improvements: $274K buildout (2017), new water heater (2024); prime downtown location adjacent to Aroostook County Courthouse
Executive Summary
Stabilized mixed-use investment on the most visible corner in downtown Houlton. The property features approximately 2,657 square feet of ground-floor commercial space fully leased to Fedcap through October 2031, plus four residential units (three 2BR, one 1BR) providing diversified income. Recent capital improvements include a new water heater (2024) and updated furnace, oil tank, and sprinkler system (2017). Turnkey asset with a creditworthy anchor tenant and strong in-place cash flow in the heart of Aroostook County's county seat.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
5,673 SF
Building Class
B
Year Built/Renovated
1900/2017
Price
$800,000
Price Per SF
$141.02
Cap Rate
7.41%
NOI
$59,280
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
1,891 SF
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Property Taxes
| Parcel Number | HOUL-000034-000003-000049 | Improvements Assessment | $188,200 |
| Land Assessment | $9,700 | Total Assessment | $197,900 |
Property Taxes
Parcel Number
HOUL-000034-000003-000049
Land Assessment
$9,700
Improvements Assessment
$188,200
Total Assessment
$197,900
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4 Market Sq
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