Mixed-Use Property With
New
For Sale
$745,000
1334 Minot Avenue, Auburn, ME 04210
Commercial Sale, Auburn, ME
Property Size4,316 SF
Lot Size3.26 Acres
Price / SF$172.61
Days on Market1
Property Features for 1334 Minot Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
GB II
Rooms
Basement
Parking features
Off Street
Interior features
Storage
Basement
Unfinished
Lot features
Near Turnpike/ Interstate, Near Shopping
Standard status
Active
Size
4,316 SF
Lot size
3.26 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
9006
Utilities
Sewer type
Private Sewer, Septic Tank
Heating system
Kerosene, Oil, Hot Water(Heating), Baseboard, Forced Air
Water source
Public
Amenities
three curb cuts
paved parking
separate barn
Building Details
Year built
1989
Flooring type
Carpet, Laminate, Linoleum
Building materials
Wood Frame, Vinyl Siding, Wood Siding
Roof type
Shingle, Metal
Additional Structures
Storage
Listing Agency:
Keller Williams Realty
(207) 879-9800
Listed By:
Cathy Fifield
(207) 576-6908
Added: Aug 28
Last Checked: Aug 28 at 5:06PM
MLS# 1678157
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 mixed-use property combines a 3,100 SF shop and retail component with a ranch-style home, a three-bay garage, and a separate barn. The buildings provide storage and workspace, while the home may accommodate residential or office use. Interior finishes include carpet, laminate, and linoleum, with wood-frame construction and wood or vinyl siding. Heating systems include oil, kerosene, hot water, baseboard, and forced air.
Set on 3.26 acres along Minot Avenue in Auburn, the property is zoned GB II and has three curb cuts, paved parking, and off-street parking. Public water serves the property, while wastewater is handled through a private sewer and septic tank. The main structure was built in 1989, and roofing includes shingle and metal materials.
Set on 3.26 acres along Minot Avenue in Auburn, the property is zoned GB II and has three curb cuts, paved parking, and off-street parking. Public water serves the property, while wastewater is handled through a private sewer and septic tank. The main structure was built in 1989, and roofing includes shingle and metal materials.
Key Highlights
- 3.26‑acre mixed‑use property at 1334 Minot Avenue, Auburn, ME 04210
- 3,100 SF shop/retail space with storage and workspace
- Ranch‑style home with a three‑bay 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
$50,924
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
6.84%
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%
$1,018,480
$1.0M
Cap Rate 7%
$727,486
$727.5K
Cap Rate 9%
$565,822
$565.8K
Market Conditions
NOI Build-Up for 4,316 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
$93.2K $21.60/SF
− Vacancy
−$11.7K −$2.72/SF
EGI
$81.5K $18.88/SF
− OpEx
−$30.6K −$7.08/SF
NOI
$50.9K $11.80/SF
Area
Androscoggin County, ME
Vacancy
12.60%
Lease Rate
$21.60 /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%
$1,018,480
Cap Rate 7%
$727,486
Cap Rate 9%
$565,822
Alternative Uses
Best Use
Industrial
$6.31M
$5.52M – $7.36M
NOI $441,896 @ 7.0% cap · market cap 59.31%
Second Best
Mixed Use
$727.5K
$636.6K – $848.7K
NOI $50,924 @ 7.0% cap · market cap 6.84%
Theoretical Best
Warehouse
$7.67M
$6.71M – $8.94M
NOI $536,588 @ 7.0% cap · market cap 72.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
49
Businesses Nearby
Explore this area
Business Placement
Demographics for 04210, ME
24,061
Population
11,113
Households
2.2
Avg Household Size
42
Median Age
29%
College-Educated
92%
High-School Grad
59.3 sq mi
ZIP Area
406
Density / Sq Mi
$66,552
Median Household Income
$42,624
Median Earnings
$983
Median Rent
$254,600
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - The property combines retail-shop space with a ranch-style home, garage, barn, and paved parking.
Where is this mixed-use property located?
The property is located at 1334 Minot Avenue Auburn, ME.
What is the asking price?
The asking price for this property is $745,000.
What are key features of this property?
This property features: 3.26‑acre mixed‑use property at 1334 Minot Avenue, Auburn, ME 04210; 3,100 SF shop/retail space with storage and workspace; Ranch‑style home with a three‑bay garage
