Automotive Property with Service
For Sale
$1,350,000
1026 Auburn Road, Turner, ME 04282
Commercial Sale, Turner, ME
Property Size5,580 SF
Lot Size3.61 Acres
Price / SF$241.94
Days on Market141
Property Features for 1026 Auburn Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Village
Rooms
Basement
Basement
Walk-Out Access, Full, Finished, Sump Pump, Daylight
Lot features
Other Location, Near Shopping
Standard status
Active
Size
5,580 SF
Lot size
3.61 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
6060
Utilities
Sewer type
Septic Tank, Private Sewer
Heating system
Hot Water(Heating), Heat Pump (Heating), Oil, Propane (Heating), Electric (Heating), Baseboard
Cooling system
Heat Pump, Wall Unit(s)
Water source
Well, Private
Building Details
Year built
1988
Flooring type
Tile, Vinyl, Wood, Carpet
Building materials
Log, Wood Frame, Log Siding, Wood Siding
Roof type
Shingle
Listing Agency:
Androvise Realty
(207) 333-6020
Listed By:
Chad Sylvester
(207) 333-6030
Added: Apr 21
Changed: Sep 6
Last Checked: Sep 8 at 8:06PM
MLS# 1643112
Copyright © 2026 Maine Listings. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This automotive property combines an operating used car dealership with service, office, and residential improvements on 3.61± acres. The site includes a 3,112± SF garage and shop with 6–7 bays, a 1,412± SF office building with an attached garage, and a 1,056± SF two-bedroom, one-bath home. Total property size is 5,580 square feet. The garage is leased, while the office supports vehicle sales and customer activity. The residence provides an additional building component for onsite occupancy or rental use.
Positioned along Route 4 at 1026 Auburn Road in Turner, Maine, the property has roadside exposure and space for vehicle inventory and parking. The dealership business has operated since 1988, and Maine inspection station licensing and technician certifications transfer with the sale. Vehicle listings are promoted through Autotrader, Carfax, and Dealer Car Search. The property is served by a private well and private septic system and is zoned Village.
Positioned along Route 4 at 1026 Auburn Road in Turner, Maine, the property has roadside exposure and space for vehicle inventory and parking. The dealership business has operated since 1988, and Maine inspection station licensing and technician certifications transfer with the sale. Vehicle listings are promoted through Autotrader, Carfax, and Dealer Car Search. The property is served by a private well and private septic system and is zoned Village.
Key Highlights
- 3.61± acres at 1026 Auburn Road, Turner, ME 04282
- 3,112± SF leased garage/shop with 6–7 bays
- 1,412± SF office building with attached garage
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$58,356
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.32%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,167,120
$1.2M
Cap Rate 7%
$833,657
$833.7K
Cap Rate 9%
$648,400
$648.4K
Market Conditions
NOI Build-Up for 5,580 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$100.4K $18.00/SF
− Vacancy
−$17.1K −$3.06/SF
EGI
$83.4K $14.94/SF
− OpEx
−$25.0K −$4.48/SF
NOI
$58.4K $10.46/SF
Area
Androscoggin County, ME
Vacancy
17.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,167,120
Cap Rate 7%
$833,657
Cap Rate 9%
$648,400
Alternative Uses
Best Use
Industrial
$8.16M
$7.14M – $9.52M
NOI $571,311 @ 7.0% cap · market cap 42.32%
Second Best
Retail
$833.7K
$729.5K – $972.6K
NOI $58,356 @ 7.0% cap · market cap 4.32%
Theoretical Best
Warehouse
$9.91M
$8.67M – $11.56M
NOI $693,735 @ 7.0% cap · market cap 51.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
7
Service bays
Turnkey business
Opportunity
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
77
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 04282, ME
5,817
Population
2,431
Households
2.4
Avg Household Size
43
Median Age
19%
College-Educated
97%
High-School Grad
59.3 sq mi
ZIP Area
98
Density / Sq Mi
$87,981
Median Household Income
$39,625
Median Earnings
$588
Median Rent
$254,400
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Automotive property - Operating automotive sales property with service, office, residential, and inventory functions on a Route 4 commercial site.
Where is this automotive property located?
The property is located at 1026 Auburn Road Turner, ME.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: 3.61± acres at 1026 Auburn Road, Turner, ME 04282; 3,112± SF leased garage/shop with 6–7 bays; 1,412± SF office building with attached garage
