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    Commercial Auto Garage Facility Title is generated by Realmo AI

    847 Route 3, China, ME 04358

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    For Sale
    $575,000

    COMMERCIAL - China, ME

    Property size:
    3,700 SF
    Lot size:
    1.42 Acres
    Price / SF:
    $155/SF
    Added:
    Jun 3, 2026
    Days on Market:
    4
    Last Refresh:
    Jun 6 at 11:06 am

    Property Features for 847 Route 3

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    OUT
    Standard status
    Active
    Size
    3,700 SF
    Lot size
    1.42 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    3184

    Utilities

    Sewer type
    Septic Tank, Private Sewer
    Heating system
    Forced Air, Propane (Heating), Other (Heating)
    Water source
    Private, Well

    Building Details

    Year built
    1976
    Flooring type
    Tile, Concrete
    Building materials
    Metal Clad
    Roof type
    Metal

    We can help!

    Listing Contact
    Anthony Loiko

    Listing agent Anthony Loiko

    Listing office Coldwell Banker Realty 173 State Street, Suite 2, Saco, ME

    Listing date Jun 3, 2026

    MLS# 1665329

    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.

    HighLights

    • Spacious 3,700± SF commercial garage built in 1976
    • Metal roof and metal‑clad construction
    • Multiple bays with room for equipment and storage—suited for an auto mechanic or similar trade
    • High‑visibility location along busy Route 3
    • On‑site parking for customers and staff
    • Utilities include private well water and septic tank/private sewer

    Overview

    The property is a spacious 3,700± square foot commercial garage built for automotive or similar trade operations. It is configured to support multiple bays, with room for equipment and storage, making it well-suited for hands-on work and day-to-day service needs. The site also includes on-site parking to accommodate staff and customers.

    Located at 847 Route 3 in China, Maine (Kennebec County), the building is positioned for visibility along busy Route 3. The parcel totals 1.42 acres and is zoned OUT, providing a straightforward foundation for businesses that need practical onsite space and customer access.

    This offering is a good fit for an auto mechanic or other service-oriented operator looking for a garage facility with operational flexibility. The combination of multiple bays, interior space for equipment and storage, and parking on-site supports common workflow requirements for automotive maintenance and related trades. For buyers, it presents a dedicated commercial garage property with a location designed to draw traffic from Route 3.
    Property Profile Location Intelligence

    Current Use by Public Records

    Auto shops

    Suggested Use

    Auto Repair Shop Hair Salon (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store

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

    Similar Places Nearby

    • S & T SERVICE INC — 847 ME-3, China, ME 04358

    Location Insight

    • Map
    • Local Demand
    City
    China
    County
    Kennebec
    State
    Maine
    Longitude
    -69.5381128
    Latitude
    44.4072806

    Nearby Similar for Sale

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      2,058 SF

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    • $1,100,000
      1,837 SF

      China Lake Waterfront Restaurant Opportunity

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    FAQs

    What type of property is this?
    Auto shop - Spacious auto-focused garage with multiple bays and storage, plus ample on-site parking along Route 3.
    Where is this auto shop located?
    The property is located at 847 Route 3 China, ME.
    What is the asking price?
    The asking price for this property is $575,000.
    What are key features of this property?
    This property features: Spacious 3,700± SF commercial garage built in 1976; Metal roof and metal‑clad construction; Multiple bays with room for equipment and storage—suited for an auto mechanic or similar trade
    (207) 215-9466
    We can help!
    Listing Contact
    Anthony Loiko
    Request Owner's contact information
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    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.

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