Auto Sales and Repair
For Sale
$1,350,000
1026 Auburn Road, Turner, ME 04282
COMMERCIAL - Turner, ME
Property Size5,580 SF
Lot Size3.61 Acres
Price / SF$241.94
Days on Market114
Property Features for 1026 Auburn Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Village
Rooms
Basement
Basement
Full, Sump Pump, Walk-Out Access, Daylight, Finished
Lot features
Other Location, Near Shopping
Standard status
Active
Size
5,580 SF
Lot size
3.61 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
6060
Utilities
Sewer type
Septic Tank, Private Sewer
Heating system
Heat Pump (Heating), Propane (Heating), Hot Water(Heating), Electric (Heating), Oil, Baseboard
Cooling system
Heat Pump, Wall Unit(s)
Water source
Well, Private
Building Details
Year built
1988
Flooring type
Tile, Carpet, Vinyl, Wood
Building materials
Log, Wood Frame, Log Siding, Wood Siding
Roof type
Shingle
Listing Agency:
Androvise Realty
(207) 333-6020
Listed By:
Chad Sylvester
(207) 333-6020
Added: Apr 21
Changed: Aug 4
Last Checked: Aug 12 at 7:06AM
MLS# 1643112
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 fully operational auto sales and repair property includes an active used car dealership business and multiple income-producing buildings. A leased, well-maintained 3,112± SF garage/shop is set up for repairs and detailing with 6–7 bays. Also on site is a 1,412± SF office building with an attached garage designed for sales and customer-facing operations. An additional 1,056± SF 2-bed, 1-bath home provides onsite living or rental flexibility.
The business operates directly on Route 4 in Turner, Maine. Active Maine inspection station licensing and technician certifications transfer with the sale, supporting an operational handoff. Vehicle listings are marketed through Autotrader, Carfax, and Dealer Car Search.
The property sits on 3.61± acres and was built in 1988. Construction materials include log and wood frame with log and wood siding. The buildings use oil, propane, hot water, heat pump, electric, and baseboard heating, with heat pump and wall unit cooling. Water is provided by well and private sources, and sewer is served by a septic tank and private sewer.
The business operates directly on Route 4 in Turner, Maine. Active Maine inspection station licensing and technician certifications transfer with the sale, supporting an operational handoff. Vehicle listings are marketed through Autotrader, Carfax, and Dealer Car Search.
The property sits on 3.61± acres and was built in 1988. Construction materials include log and wood frame with log and wood siding. The buildings use oil, propane, hot water, heat pump, electric, and baseboard heating, with heat pump and wall unit cooling. Water is provided by well and private sources, and sewer is served by a septic tank and private sewer.
Key Highlights
- Leased 3,112± SF garage/shop with 6–7 bays for repairs and detailing
- 1,412± SF office building with garage designed for sales and customer interaction
- 1,056± SF 2‑bed, 1‑bath home for onsite living or rental
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
Highway access
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?
Auto shop - Auto sales business and multiple buildings on Route 4, including a leased 3,112 SF shop with 6–7 bays.
Where is this auto shop located?
The property is located at 1026 Auburn Road 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: Leased 3,112± SF garage/shop with 6–7 bays for repairs and detailing; 1,412± SF office building with garage designed for sales and customer interaction; 1,056± SF 2‑bed, 1‑bath home for onsite living or rental
