Downtown Brunswick Turnkey
For Sale
$799,000
Pending
7 Dunlap Street, Brunswick, ME 04011
Turnkey restaurant and bar or redevelopment opportunity in downtown Brunswick.
Property Size4,635 SF
Lot Size0.14 Acres
Days on Market549
Property Features for 7 Dunlap Street
General Information
Standard status
Pending
Size
4,635 SF
Lot size
0.14 Acres
Property subtype
Commercial/Industrial
Taxes and HOA fees
Annual Taxes
$11,183
Building Details
Year Built
1900
Listing Agency:
Keller Williams Realty
(207) 775-6561
Listed By:
Marc Fishman · License #BA901721
(207) 775-6561
Source:
Exitrealty
Added: Feb 8, 2025
Changed: Aug 8
Last Checked: Aug 11 at 6:11AM
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 Keller Williams Realty
Investment Insights
Based on property information with market context.
This 4,635 square foot stand-alone building is located in the heart of Downtown Brunswick, Maine, just half a block from Main Street. The property presents a rare opportunity to acquire a highly visible downtown property with multiple potential uses. It is suitable for launching a new restaurant concept or converting the space for mixed-use development. The property was fully renovated from a former bowling alley six years ago, featuring brand-new building systems and top-quality finishes. It is currently configured as a turnkey restaurant and bar. A fully equipped kitchen, bar, furniture, and fixtures are included, making it ready to operate immediately. The flexible zoning allows for adaptive reuse, including a mixed-use residential and commercial development. The modern infrastructure and well-maintained property condition ensure minimal upfront investment for new ownership. The property is located in a high-traffic downtown area, close to Main Street and local businesses.
Key Highlights
- Prime Downtown Location: High‑traffic area near Main Street, offering excellent visibility and accessibility.
- Turnkey Restaurant & Bar: Fully equipped with all FF&E included, ready for immediate operation.
- Redevelopment Potential: Flexible zoning allows for mixed‑use development opportunities.
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
$51,935
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
6.50%
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%
$1,038,700
$1.0M
Cap Rate 7%
$741,929
$741.9K
Cap Rate 9%
$577,056
$577.1K
Market Conditions
NOI Build-Up for 4,635 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
$83.4K $18.00/SF
− Vacancy
−$14.2K −$3.06/SF
EGI
$69.2K $14.94/SF
− OpEx
−$17.3K −$3.74/SF
NOI
$51.9K $11.21/SF
Area
Cumberland County, ME
Vacancy
17.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
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%
$1,038,700
Cap Rate 7%
$741,929
Cap Rate 9%
$577,056
Alternative Uses
Best Use
Specialty Retail
$741.9K
$649.2K – $865.6K
NOI $51,935 @ 7.0% cap · market cap 6.50%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.27M
$1.11M – $1.49M
NOI $89,175 @ 7.0% cap · market cap 11.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,352
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 04011, ME
21,756
Population
9,440
Households
2.3
Avg Household Size
44
Median Age
52%
College-Educated
96%
High-School Grad
46.8 sq mi
ZIP Area
465
Density / Sq Mi
$74,102
Median Household Income
$40,075
Median Earnings
$1,341
Median Rent
$343,600
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Moderation Brewing — 103 Maine St, Brunswick, ME 04011
- Jack Magee's Pub and Grill — 8 Polar Loop, Brunswick, ME 04011
- O'Donoghue's Pub — 103 Pleasant St, Brunswick, ME 04011
- Byrnes Irish Pub — 16 Station Ave, Brunswick, ME 04011
- Vessel & Vine — 4 Pleasant St, Brunswick, ME 04011
Frequently Asked Questions
What type of property is this?
Bar & Pub - Turnkey restaurant and bar or redevelopment opportunity in downtown Brunswick.
Where is this bar & pub located?
The property is located at 7 Dunlap Street Brunswick, ME.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Prime Downtown Location: High‑traffic area near Main Street, offering excellent visibility and accessibility.; Turnkey Restaurant & Bar: Fully equipped with all FF&E included, ready for immediate operation.; Redevelopment Potential: Flexible zoning allows for mixed‑use development opportunities.
