Automotive Property with Multiple
For Sale
$1,350,000
1026 Auburn Rd, Turner, ME 04282
Includes a service garage, sales office, and residence supporting dealership and automotive service operations.
Property Size5,580 SF
Lot Size3.61 Acres
Price / SF$241.94
Days on Market42
Property Features for 1026 Auburn Rd
General Information
Standard status
Active
Size
5,580 SF
Lot size
3.61 Acres
Additional Details
Business Included
Yes
Road Access
Yes
Service Bays
7
Building Details
Year Built
1988
Buildings
3
Listing Agency:
Androvise Realty
(207) 333-6020
Listed By:
Chad Sylvester
Source:
Soldbymichaelthomas
Added: Jul 21
Changed: Aug 29
Last Checked: Aug 30 at 8:09PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Androvise Realty
Investment Insights
Based on property information with market context.
This automotive property combines a used car dealership business with three functional improvements totaling 5,580 SF. The 3,112± SF garage and shop is leased and configured with 6-7 bays for repair and detailing work. A separate 1,412± SF office building includes a garage and provides space for vehicle sales and customer service. The property also includes a 1,056± SF home with two bedrooms and one bathroom.
Set on 3.61± acres along Route 4 at 1026 Auburn Rd in Turner, Maine, the site provides space for vehicle inventory and parking. The business has operated under the RJB & Son Motor Co. name since 1988, with inventory promoted through Autotrader, Carfax, and Dealer Car Search. Maine inspection station licensing and technician certifications transfer with the sale.
Set on 3.61± acres along Route 4 at 1026 Auburn Rd in Turner, Maine, the site provides space for vehicle inventory and parking. The business has operated under the RJB & Son Motor Co. name since 1988, with inventory promoted through Autotrader, Carfax, and Dealer Car Search. Maine inspection station licensing and technician certifications transfer with the sale.
Key Highlights
- 3.61± acres along Route 4 in Turner, Maine
- 3,112± SF leased garage/shop with 6‑7 bays
- 1,412± SF office building with an attached 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
$58,356
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
4.32%
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%
$1,167,120
$1.2M
Cap Rate 7%
$833,657
$833.7K
Cap Rate 9%
$648,400
$648.4K
Market Conditions
NOI Build-Up for 5,580 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
$100.4K $18.00/SF
− Vacancy
−$17.1K −$3.06/SF
EGI
$83.4K $14.94/SF
− OpEx
−$25.0K −$4.48/SF
NOI
$58.4K $10.46/SF
Area
Androscoggin County, ME
Vacancy
17.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
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%
$1,167,120
Cap Rate 7%
$833,657
Cap Rate 9%
$648,400
Alternative Uses
Best Use
Industrial
$8.16M
$7.14M – $9.52M
NOI $571,311 @ 7.0% cap · market cap 42.32%
Second Best
Retail
$833.7K
$729.5K – $972.6K
NOI $58,356 @ 7.0% cap · market cap 4.32%
Theoretical Best
Warehouse
$9.91M
$8.67M – $11.56M
NOI $693,735 @ 7.0% cap · market cap 51.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
7
Service bays
Turnkey business
Opportunity
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
77
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 04282, ME
5,817
Population
2,431
Households
2.4
Avg Household Size
43
Median Age
19%
College-Educated
97%
High-School Grad
59.3 sq mi
ZIP Area
98
Density / Sq Mi
$87,981
Median Household Income
$39,625
Median Earnings
$588
Median Rent
$254,400
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Automotive property - Includes a service garage, sales office, and residence supporting dealership and automotive service operations.
Where is this automotive property located?
The property is located at 1026 Auburn Rd Turner, ME.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: 3.61± acres along Route 4 in Turner, Maine; 3,112± SF leased garage/shop with 6‑7 bays; 1,412± SF office building with an attached garage
