Building Details

Year Built 2018

Listing Agency: NextHome Experience

Listed By: Karen Day Show Phone

Source: Profoundrealestate

Added: Jun 17 Changed: Aug 10 Last Checked: Aug 10 at 4:34AM

Report an Issue

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 NextHome Experience

Investment Insights

Based on property information with market context.

Built in 2018, this duplex contains 2,048 square feet across two residential units on 3.1 private acres. Each unit provides an open-plan arrangement connecting the kitchen, dining area, and living room, along with two bedrooms and one full bathroom. Heat pumps supply heating and cooling, with electric baseboard systems available for supplemental warmth.

The property is located at 11 Moline Lane in Levant, approximately 20 minutes from Bangor. Its rural setting offers private acreage while retaining access to the Bangor area. The two-unit configuration supports either continued rental use or an owner-occupied arrangement with a separate residential unit.

Key Highlights

• Two‑unit duplex with 2,048 square feet of total property size
• Built in 2018
• Situated on 3.1 private acres in Levant, ME

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

$18,769

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

4.75%

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%

$375,380 $375.4K

Cap Rate 7%

$268,129 $268.1K

Cap Rate 9%

$208,544 $208.5K

Market Conditions

NOI Build-Up for 2,048 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

$28.3K $13.80/SF

− Vacancy

−$1.4K −$0.71/SF

EGI

$26.8K $13.09/SF

− OpEx

−$8.0K −$3.93/SF

NOI

$18.8K $9.16/SF

Area

Penobscot County, ME

Vacancy

5.13%

Lease Rate

$13.80 /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%

$375,380

Cap Rate 7%

$268,129

Cap Rate 9%

$208,544

Alternative Uses

Best Use

Multifamily LT 5

$268.1K

$234.6K – $312.8K (±1% cap)

NOI $18,769 @ 7.0% cap · market cap 4.75%

Second Best

Apartment 5plus

$246.6K

$215.8K – $287.7K (±1% cap)

NOI $17,262 @ 7.0% cap · market cap 4.37%

Theoretical Best

Office A

$661.4K

$578.8K – $771.7K (±1% cap)

NOI $46,301 @ 7.0% cap · market cap 11.72%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Property Profile

Current Use

Duplexes

Suggested Use

Top Pick Electrical Service Building Supply Kitchen & Bath Showroom

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

Location Intelligence

Trade Area within ½ mile

8

Businesses Nearby

Explore this area Business Placement

Demographics for 04456, ME

2,940

Population

1,299

Households

2.3

Avg Household Size

39

Median Age

19%

College-Educated

95%

High-School Grad

30.1 sq mi

ZIP Area

98

Density / Sq Mi

$75,917

Median Household Income

$41,689

Median Earnings

$1,240

Median Rent

$244,800

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this duplexes located? What is the asking price? Find similar properties ... What are key features of this property?

Ask Rey about this property ...

Frequently Asked Questions

What type of property is this?

Duplex - Two residential units feature open living areas, modern finishes, and heat-pump systems in a rural setting near Bangor.

Where is this duplex located?

The property is located at 11 Moline Lane Levant, ME.

What is the asking price?

The asking price for this property is $395,000.

What are key features of this property?

This property features: Two‑unit duplex with 2,048 square feet of total property size; Built in 2018; Situated on 3.1 private acres in Levant, ME