Historic Mixed-Use
For Sale
$899,999
133-135 Broadway, Bangor, ME 04401
Commercial Sale, Bangor, ME
Property Size7,000 SF
Lot Size0.44 Acres
Price / SF$121.26
Days on Market67
Property Features for 133-135 Broadway
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
M & SD
Rooms
Basement
Parking features
Off Street
Interior features
Storage
Basement
Unfinished, Partial, Full
Accessibility
Accessible Approach with Ramp
Lot features
Public Transport Access, Near Turnpike/ Interstate, Near Airport, Bus Line, Historic District, Near Shopping, Shopping Mall
Standard status
Active
Size
7,422 SF
Lot size
0.44 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
11061
Utilities
Sewer type
Public Sewer
Heating system
Hot Water(Heating), Natural Gas, Heat Pump (Heating), Zoned, Electric (Heating)
Cooling system
Heat Pump
Water source
Public
Building Details
Year built
1870
Flooring type
Carpet, Laminate, Wood
Building materials
Wood Frame, Wood Siding
Roof type
Shingle
Additional Structures
Storage
Listing Agency:
Realty of Maine
(207) 942-6310
Listed By:
Jennifer Herbold
(207) 478-4230
Added: Jul 9
Changed: Sep 12
Last Checked: Sep 13 at 5:06PM
MLS# 1645787
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.
Constructed in 1870, this 7,422-square-foot mixed-use property combines commercial and residential space on a 0.44-acre parcel. The former law-office layout includes multiple private offices, conference rooms, private bathrooms, storage, and a basement. Original wood flooring and woodwork have been restored, while laminate and carpet are also present throughout portions of the building.
The property includes a private off-street parking lot and an accessible approach with ramp. Professional tenants and a licensed Airbnb apartment are also part of the existing configuration. Building systems include a new heating system with a backup boiler, heat pumps throughout, zoned heating, public water, public sewer, and a shingle roof. The property is located at 133-135 Broadway in Bangor and is zoned M & SD.
The property includes a private off-street parking lot and an accessible approach with ramp. Professional tenants and a licensed Airbnb apartment are also part of the existing configuration. Building systems include a new heating system with a backup boiler, heat pumps throughout, zoned heating, public water, public sewer, and a shingle roof. The property is located at 133-135 Broadway in Bangor and is zoned M & SD.
Key Highlights
- 7,422‑square‑foot mixed‑use building on 0.44 acres
- Built in 1870 with restored original wood floors and woodwork
- Multiple private offices, conference rooms, and private bathrooms
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
$53,188
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
5.91%
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%
$1,063,760
$1.1M
Cap Rate 7%
$759,829
$759.8K
Cap Rate 9%
$590,978
$591.0K
Market Conditions
NOI Build-Up for 7,422 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
$93.5K $12.60/SF
− Vacancy
−$8.4K −$1.13/SF
EGI
$85.1K $11.47/SF
− OpEx
−$31.9K −$4.30/SF
NOI
$53.2K $7.17/SF
Area
Penobscot County, ME
Vacancy
9.00%
Lease Rate
$12.60 /SF/Yr
Expense Ratio
37.50%
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%
$1,063,760
Cap Rate 7%
$759,829
Cap Rate 9%
$590,978
Alternative Uses
Best Use
Office B
$1.50M
$1.31M – $1.75M
NOI $104,918 @ 7.0% cap · market cap 11.66%
Second Best
Mixed Use
$759.8K
$664.9K – $886.5K
NOI $53,188 @ 7.0% cap · market cap 5.91%
Theoretical Best
Office A
$2.40M
$2.10M – $2.80M
NOI $167,797 @ 7.0% cap · market cap 18.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,090
Businesses Nearby
Explore this area
Business Placement
Demographics for 04401, ME
44,608
Population
20,932
Households
2.1
Avg Household Size
40
Median Age
37%
College-Educated
96%
High-School Grad
100.1 sq mi
ZIP Area
446
Density / Sq Mi
$66,136
Median Household Income
$40,863
Median Earnings
$1,048
Median Rent
$229,600
Median Home Value
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Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Restored woodwork, private offices, conference rooms, and on-site parking support professional occupancy.
Where is this mixed-use property located?
The property is located at 133-135 Broadway Bangor, ME.
What is the asking price?
The asking price for this property is $899,999.
What are key features of this property?
This property features: 7,422‑square‑foot mixed‑use building on 0.44 acres; Built in 1870 with restored original wood floors and woodwork; Multiple private offices, conference rooms, and private bathrooms
