Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Mixed-Use Development Land Opportunity Title is generated by Realmo AI

    Parkers Way, Brunswick, ME 04011

    View on Map
    Claim this Listing
    New
    For Sale
    $850,000

    LAND - Brunswick, ME

    Lot size:
    3.76 Acres
    Added:
    Jun 2, 2026
    Days on Market:
    3
    Last Refresh:
    Jun 4 at 2:06 pm

    Property Features for Parkers Way

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    GM1
    Standard status
    Active
    Lot size
    3.76 Acres

    Taxes and HOA fees

    Tax Year
    2026
    Tax Annual Amount
    1759

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    We can help!

    Listing Contact
    Jeffrey Mateja

    Listing agent Jeffrey Mateja

    Listing office Keller Williams Realty 383 US Route 1 Suite 2, Portland, ME

    Listing date Jun 2, 2026

    MLS# 1664563 Listing URL

    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

    • 3.76‑acre parcel in Brunswick with paved driveway, full electrical service, and public sewer and water available for connection
    • Growth Mixed 1 (GM1) zoning allows a wide variety of residential and commercial uses
    • Potential to add up to 1.5 acres of abutting land to the sale
    • Location just off Pleasant Street (Route 1) with Brunswick Station within walking distance, providing access to Amtrak Downeaster and Concord Coach Lines
    • Site previously considered for residential lots and apartment development

    Overview

    Rare development opportunity in the heart of Brunswick, offering a private setting with close-in convenience. The 3.76-acre parcel is located in the Growth Mixed 1 (GM1) zoning district, supporting a wide variety of residential and commercial use concepts, including mixed-use development. Infrastructure is already in place, including a paved driveway, full electrical service, public sewer, and public water available for connection, helping reduce early site development hurdles. The property previously was considered for residential lots and apartment development, and it is ready for a new vision.

    Conveniently positioned just off Pleasant Street (Route 1), the site is within minutes of downtown Brunswick. Brunswick Station is within walking distance, providing access to the Amtrak Downeaster and Concord Coach Lines. Downtown Brunswick’s shops, restaurants, and amenities are less than a mile away, and other regional destinations are described as an easy commute.

    This parcel is well-suited for developers and builders looking for flexible GM1 zoning and ready-to-start infrastructure. The seller is also open to the possibility of adding abutting land (up to an additional 1.5 acres) to the sale, which may support larger development planning. Consider creative financing options and existing planning momentum when evaluating residential, mixed-use, or commercial projects for this Brunswick location.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Brunswick
    County
    Cumberland
    State
    Maine
    Longitude
    -69.985174
    Latitude
    43.910209

    Nearby Similar for Sale

    • $1,095,000
      8,624 SF

      Multi-Level Office Building in Brunswick

      Well-maintained office building with income potential near Route One.
      22 Parkers Way, Brunswick, ME 04011
      View Details
    • $875,000
      4,635 SF

      Downtown Brunswick Restaurant/Redevelopment Opportunity

      Turnkey restaurant and bar or redevelopment opportunity in downtown Brunswick.
      7 Dunlap Street, Brunswick, ME 04011
      View Details
    • $1,029,000
      15,365 SF

      Industrial/Warehouse Building Auction

      15,365 SF industrial/warehouse building on 1.1 acres for sale.
      2 Industry Rd., Brunswick, ME 04011
      View Details
    • $745,000
      2,080 SF

      Downtown Two-Unit Apartment Building

      Well-maintained, owner-ready duplex with occupied units plus added land for potential future development in a G9 zone.
      5 Weymouth Street, Brunswick, ME 04011
      View Details
    • $349,900
      118,919 SF

      Brunswick Land Redevelopment Opportunity

      2.73 acre vacant land parcel in Brunswick Landing redevelopment.
      Allagash Drive, Brunswick, ME 04011
      View Details
    • $550,000

      Prime Land in Cook's Corner

      Two lots in Brunswick's Cook's Corner, high visibility, development potential.
      Farley Road lot: #11&12, Brunswick, ME 04011
      View Details
    • $349,900

      Brunswick Land Redevelopment Opportunity

      2.73 acre vacant land parcel in Brunswick Landing.
      Allagash Drive, Brunswick, ME 04011
      View Details
    • $875,000
      4,635 SF

      Downtown Brunswick Turnkey Restaurant/Redevelopment

      Turnkey restaurant and bar or redevelopment opportunity in downtown Brunswick.
      7 Dunlap Street, Brunswick, ME 04011
      View Details
    • $199,000

      Cleared In-Town Mixed-Use Lot

      Cleared lot ready for development in Brunswick, Maine.
      Mill Street, Brunswick, ME 04011
      View Details
    • $280,000

      Brunswick Land with Conservation Easement

      Five-acre sanctuary in Brunswick with protected conservation easement.
      Little Fawn Lane, Brunswick, ME 04011
      View Details
    • $850,000

      Brunswick Land with Sweeping Views

      12.3 acre Brunswick land parcel with rolling hill views.
      5 Round Hill Lane, Brunswick, ME 04011
      View Details
    • $490,000

      Waterfront Land on New Meadows River

      9.95 acres with 1400' waterfront, perfect for retreat.
      Peterson Lane, Brunswick, ME 04011
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 3.76-acre parcel with GM1 zoning and existing utilities for flexible residential or commercial development near downtown Brunswick.
    Where is this residential land & home lot located?
    The property is located at Parkers Way Brunswick, ME.
    What is the asking price?
    The asking price for this property is $850,000.
    What are key features of this property?
    This property features: 3.76‑acre parcel in Brunswick with paved driveway, full electrical service, and public sewer and water available for connection; Growth Mixed 1 (GM1) zoning allows a wide variety of residential and commercial uses; Potential to add up to 1.5 acres of abutting land to the sale
    (207) 553-2605
    We can help!
    Listing Contact
    Jeffrey Mateja
    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
    Parkers Way, Brunswick, ME 04011
    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!