4-Bay Auto
130 Portland Road, Gray, ME 04039
For Sale
$429,000
An office component and on-site parking complement the garage.
Property Size2,500 SF
Price / SF$171.60
Days on Market385
Property Features for 130 Portland Road
General Information
Standard status
Size
Property subtype
Zoning
Site & Location
Highway Access
Road Access
Additional Details
Drive-In Doors
Real Estate Included
Property Use
Taxes and HOA fees
Annual Taxes
Amenities
4-Bay Garage
office front
Building Details
Building Size
Year Built
Stories
Listing Agency:
Greater Portland Realty
(207) 797-7777
Listed By:
Anthony Galli
(207) 776-1717
Source:
Integrityhomesrealestategroup
Added: Oct 25, 2025
Changed: Nov 11
Last Checked: Nov 13 at 7:12PM
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 Greater Portland Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This automotive property contains a 2,500-square-foot building with a four-bay garage and a front office area. The site encompasses just under an acre and includes parking.
The property has frontage on Rt. 100, near the turnpike entrance and the center of Gray. Built in 1980, it is zoned Commercial.
The property has frontage on Rt. 100, near the turnpike entrance and the center of Gray. Built in 1980, it is zoned Commercial.
Key Highlights
- Four‑bay garage with a front office area
- 2,500‑square‑foot building
- Site of just under an acre
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,145
Cap Rate
6.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$522,900
$522.9K
Cap Rate 7%
$373,500
$373.5K
Cap Rate 9%
$290,500
$290.5K
Market Conditions
NOI Build-Up for 2,500 SF
Gross rent
$45.0K $18.00/SF
− Vacancy
−$7.7K −$3.06/SF
EGI
$37.4K $14.94/SF
− OpEx
−$11.2K −$4.48/SF
NOI
$26.1K $10.46/SF
Area
Cumberland 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 Rate 5%
$522,900
Cap Rate 7%
$373,500
Cap Rate 9%
$290,500
Alternative Uses
Best Use
Retail
$373.5K
$326.8K – $435.8K
NOI $26,145 @ 7.0% cap · market cap 6.09%
Second Best
Industrial
$228.5K
$200.0K – $266.6K
NOI $15,998 @ 7.0% cap · market cap 3.73%
Theoretical Best
Office A
$687.1K
$601.2K – $801.7K
NOI $48,099 @ 7.0% cap · market cap 11.21%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
4
Drive-in doors
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
37
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 04039, ME
7,922
Population
4,265
Households
1.9
Avg Household Size
43
Median Age
46%
College-Educated
97%
High-School Grad
40.9 sq mi
ZIP Area
194
Density / Sq Mi
$94,284
Median Household Income
$55,646
Median Earnings
$1,321
Median Rent
$333,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Similar Off Market Nearby
- Alternative Autobody — 142 Portland Rd, Gray, ME 04039
- Lou's Auto Repair — 143 Portland Rd, Gray, ME 04039
- Gobeil’s Automotive — 142 Portland Rd, Gray, ME 04039
- The Upholstery Shop — Behind the Sweet Spot Bakery, 59 Portland Rd Ste 6, Gray, ME 04039
Frequently Asked Questions
What type of property is this?
Auto shop - An office component and on-site parking complement the garage.
Where is this auto shop located?
The property is located at 130 Portland Road Gray, ME.
What is the asking price?
The asking price for this property is $429,000.
What are key features of this property?
This property features: Four‑bay garage with a front office area; 2,500‑square‑foot building; Site of just under an acre
