103 Pleasant Street Brunswick, ME 04011
Two-building retail and office space with high road frontage.
Property Features for 103 Pleasant Street
General Information
- Standard status
- Active
- Size
- 9,000 SF
- Property subtype
- SCR
Building Details
- Year Built
- 1984
Listing office Keller Williams Coastal and Lakes & Mountains Realty (339) 224-0912
Listing date Mar 3, 2023
Source Realnex
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Investment Insights
Based on property information with market context.
Key Highlights
- Great investment opportunity with over 9,000 sqft of retail space.
- High visibility location on busy Route 1- Pleasant St with 430' of road frontage.
- Main building has fully occupied 1st floor retail units and 2nd floor office space.
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $162.0k | $18.00 |
| − Vacancy | −$27.5k | −$3.06 |
| EGI | $134.5k | $14.94 |
| − OpEx | −$33.6k | −$3.74 |
| NOI | $100.8k | $11.21 |
