Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    870 Broadway Bangor, ME 04401

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $1,075,000

    7.93-acre commercial land with excellent visibility on Broadway Corridor.

    Lot size:
    7.93 Acres

    Property Features for 870 Broadway

    General Information

    Lot size
    7.93 Acres

    We can help!

    Listing Contact
    John Bonadio
    John Bonadio
    Source: Moodyscre

    Listing Agent: John Bonadio

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Bangor Land for Lease

    This 7.93-acre commercial land parcel offers excellent visibility and access along Bangor's Broadway Corridor. The site is suitable for residential, retail, or other commercial uses.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Bangor
    County
    Penobscot
    State
    Maine
    Longitude
    -68.78569
    Latitude
    44.829796

    Nearby Similar for Lease

    • $144 SF/Yr
      28,837 SF

      Prime Bangor Commercial Space

      Iconic building, 28,837 sq ft, fully vacant.
      586 Main St, Bangor, ME 04401
      View Details
    • Contact for pricing
      531,032 SF

      Bangor Mall Medical Office Space

      Prime Bangor retail/medical space available.
      663 Stillwater Ave, Bangor, ME 04401
      View Details
    • $6 SF/Yr
      5,495 SF

      Bangor Office Space for Lease

      Flexible workspace solutions in Bangor, ME.
      700 Main St, Bangor, ME 04401
      View Details
    • $15 SF/Yr
      3,927 SF

      Renovated Class A Office Space

      Class A office space for rent with planned renovations.
      700 Main St, Bangor, ME 04401
      View Details
    • $18 SF/Yr
      40,200 SF

      Prime Bangor Executive Office Space

      1,730 SF Suite Available in Class A Building
      0 1 Cumberland Pl, Bangor, ME 04401
      View Details
    • Contact for pricing
      531,032 SF

      Bangor Mall Industrial Space For Sale/Lease

      Prime Bangor location, flexible industrial space.
      663 Stillwater Ave, Bangor, ME 04401
      View Details
    • Contact for pricing
      3,000 SF

      Retail Space at Airport Mall

      Retail spaces available at a well-located shopping center.
      1129 Union St, Bangor, ME 04401
      View Details
    • $12 SF/Yr
      4,000 SF

      Customizable Office Space Available

      4,000 SF office space with customization options for rent.
      676 Broadway, Bangor, ME 04401
      View Details
    • $15 SF/Yr
      88,478 SF

      Downtown Bangor Office Space

      88,478 SF Office Building, Suites Available
      80 Exchange St, Bangor, ME 04401
      View Details
    • Contact for pricing
      1,875 SF

      Retail Space Near Bangor Mall

      Retail spaces available in multi-phased development near Bangor Mall.
      570 Stillwater Ave, Bangor, ME 04401
      View Details
    • $18 SF/Yr
      1,350 SF

      Downtown Bangor Office Space

      Renovated office space in downtown Bangor with flexible layout.
      9 May St, Bangor, ME 04401
      View Details
    • $7 SF/Yr
      26,497 SF

      Industrial Building with Grow Facility

      26,497± SF industrial building on 1.9± acres in Bangor.
      64 Doane St, Bangor, ME 04401
      View Details

    FAQs

    What type of property is this?
    Land - 7.93-acre commercial land with excellent visibility on Broadway Corridor.
    Where is this land located?
    The property is located at 870 Broadway Bangor, ME.
    What are key features of this property?
    This property features: - 7.93-acre site suitable for residential, retail, or commercial uses; - Excellent visibility; - Easy access
    (207) 945-4500
    Request Owner's contact information
    870 Broadway Bangor, ME 04401
    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.
    870 Broadway
    Bangor, ME 04401
    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
    870 Broadway Bangor, ME 04401
    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

    We can help!
    Listing Contact
    John Bonadio
    John Bonadio
    (207) 945-4500
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.