Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Rockland Brewing Facility and Restaurant Title is generated by Realmo AI

    5 Payne Avenue, Rockland, ME 04841

    View on Map
    Claim this Listing
    For Sale
    $1,375,000

    Business - Rockland, ME

    Type:Business
    Property size:
    8,241 SF
    Lot size:
    122,839.00 Acres
    Price / SF:
    $166/SF
    Added:
    Sep 15, 2025
    Days on Market:
    247
    Last Refresh:
    May 19 at 1:06 pm

    Property Features for 5 Payne Avenue

    General Information

    Property type
    Commercial Sale
    Property subtype
    Business
    Standard status
    Active
    Size
    8,241 SF
    Lot size
    122,839.00 Acres

    Taxes and HOA fees

    Tax Annual Amount
    15391

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1994
    Flooring type
    Concrete, Laminate, Vinyl
    Roof type
    Membrane
    Architectural style
    Other

    We can help!

    Listing Contact
    Luanne Stinson

    Listing agent Luanne Stinson

    Listing office Rockland, Maine 318 Main Street, Keene, ME

    Listing date Sep 15, 2025

    MLS# 1637662 Listing URL

    Copyright © 2026 Better Homes and Gardens-The Masiello Group. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Prime Location: Gateway to Rockland's Historical District on busy US Route One, ensuring high traffic and easy accessibility.
    • Vast Versatile Space: 8900+ square feet suitable for various business ventures.
    • Fully Equipped Brewery Setup: Includes fermentation tanks, brewing equipment, and storage.
    • Spacious Outdoor Patio: Ideal for al fresco dining or hosting events.
    • High Ceilings & Open Floor Plan: Perfect for fine dining, events, and entertainment.
    • Ample Parking: Convenient for staff, guests, and deliveries.

    Overview

    This property offers over 8900 square feet of versatile space, featuring a partially-equipped, expandable kitchen, a spacious dining area, a brewing facility, and a bar with an industrial-chic atmosphere. Original features include exposed brick walls, steel beams, and rustic wood accents. The property includes a large grassed area suitable for various uses. High ceilings and an open floor plan accommodate a variety of business ventures, from fine dining to events and entertainment. A fully equipped brewery setup includes fermentation tanks, brewing equipment, and storage. There is a spacious outdoor patio suitable for al fresco dining or hosting special events, with potential for additional outdoor seating. Located at the gateway of Rockland’s Historical District on US Route One, the property benefits from residential neighborhoods, ensuring high traffic and easy accessibility. Ample parking is available for staff, guests, and delivery services. The property, situated on a 2.819-acre lot, presents opportunities for various business visions. The property is 8241 square feet and is located in Rockland, Maine.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Rock Harbor Brewing ... Production Facility Rock Harbor Brewing Production Facility

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Rock Harbor Brewing Co. — 5 Payne Ave, Rockland, ME 04841

    Location Insight

    • Map
    • Local Demand
    City
    Rockland
    County
    Knox
    State
    Maine
    Longitude
    -69.128133
    Latitude
    44.100881

    Nearby Similar for Sale

    • $874,000
      16,281 SF

      Versatile Mixed-Use Rockland Opportunity

      Mixed-use property with commercial building and residential home.
      342-344 Park Street, Rockland, ME 04841
      View Details
    • $965,000
      10,066 SF

      Downtown Rockland Commercial Building For Sale

      Profitable retail business with additional rental units in vibrant location.
      464 Main Street, Rockland, ME 04841
      View Details
    • $450,000
      2,512 SF

      Rockland Commercial Property For Sale

      Commercial property in a desirable location with paved parking.
      43 Glen Street, Rockland, ME 04841
      View Details
    • $349,000
      2,254 SF

      Rockland Commercial Condo with Cove View

      Versatile commercial condo with Main Street access and cove views.
      453 Main Street, Rockland, ME 04841
      View Details
    • $1,225,000
      8,241 SF

      Rockland Commercial Space on Route One

      Versatile 8900+ sq ft commercial space with brewery setup.
      5 Payne Avenue, Rockland, ME 04841
      View Details
    • $459,000
      2,556 SF

      Rockland Mixed-Use Commercial Building

      Two-story mixed-use building in downtown Rockland, Maine.
      367 Main Street, Rockland, ME 04841
      View Details
    • $1,100,000
      4,640 SF

      Historic Rockland Multifamily Coastal Home

      Iconic 1845 Rockland home with water views and rental income.
      50-52 Mechanic Street, Rockland, ME 04841
      View Details
    • $494,000
      2,800 SF

      Rockland Duplex with Rental History

      Well-maintained Rockland duplex near downtown shops and restaurants.
      30 - 32 Granite Street, Rockland, ME 04841
      View Details
    • $399,000
      1,881 SF

      Rockland Duplex Near Downtown

      In-town Rockland duplex near shopping, theater, restaurants, and art galleries.
      323 Broadway, Rockland, ME 04841
      View Details
    • $475,000
      1,800 SF

      Renovated Duplex Near Downtown Rockland

      Extensively renovated duplex with modern amenities, close to downtown.
      36 Grove Street, Rockland, ME 04841
      View Details
    • $215,000

      Downtown Rockland Take Out Stand

      Downtown Rockland parcel with high foot traffic and development potential.
      346 Main Street, Rockland, ME 04841
      View Details
    • $395,000
      3,411 SF

      Rockland Triplex with Charm

      In-town three-unit apartment building with value-add potential.
      68 Masonic Street, Rockland, ME 04841
      View Details

    FAQs

    What type of property is this?
    Bar & Pub - Versatile space with brewing setup, dining, and outdoor patio.
    Where is this bar & pub located?
    The property is located at 5 Payne Avenue Rockland, ME.
    What is the asking price?
    The asking price for this property is $1,375,000.
    What are key features of this property?
    This property features: Prime Location: Gateway to Rockland's Historical District on busy US Route One, ensuring high traffic and easy accessibility.; Vast Versatile Space: 8900+ square feet suitable for various business ventures.; Fully Equipped Brewery Setup: Includes fermentation tanks, brewing equipment, and storage.
    (207) 596-6095
    We can help!
    Listing Contact
    Luanne Stinson
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    5 Payne Avenue, Rockland, ME 04841
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!