4-Bay Auto
For Sale
$429,000
130 Portland Road, Gray, ME 04039
Roadside automotive property with a garage, front office, commercial zoning, and on-site parking.
Property Size2,500 SF
Days on Market302
Property Features for 130 Portland Road
General Information
Standard status
Active
Size
2,500 SF
Property subtype
Commercial
Zoning
Commercial
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Service Bays
4
Taxes and HOA fees
Annual Taxes
$3,146
Amenities
Office front
Building Details
Building Size
2,500 SF
Year Built
1980
Stories
1
Listing Agency:
Greater Portland Realty
(207) 776-1717
Listed By:
Anthony Galli
(207) 776-1717
Source:
Startpoint
Added: Oct 25, 2025
Changed: Aug 16
Last Checked: Aug 21 at 1:07PM
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
Investment Insights
Based on property information with market context.
This automotive property combines a 4-bay garage with a front office, creating a practical layout for shop and administrative functions. The building was constructed in 1980 and includes on-site parking within a parcel measuring just under one acre.
Located at 130 Portland Road in Gray, the property has frontage on Rt. 100 and sits near the turnpike entrance and Gray’s center. Commercial zoning supports its established commercial setting.
Located at 130 Portland Road in Gray, the property has frontage on Rt. 100 and sits near the turnpike entrance and Gray’s center. Commercial zoning supports its established commercial setting.
Key Highlights
- 4‑bay garage with front office
- Just under one acre of land
- Commercial zoning
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
$26,145
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
6.09%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
Current Use
Lease Details
4
Service bays
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
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
- Alternative Autobody — 142 Portland Rd, Gray, ME 04039
- The Upholstery Shop — Behind the Sweet Spot Bakery, 59 Portland Rd Ste 6, Gray, ME 04039
- Lou's Auto Repair — 143 Portland Rd, Gray, ME 04039
- Gobeil’s Automotive — 142 Portland Rd, Gray, ME 04039
Frequently Asked Questions
What type of property is this?
Auto shop - Roadside automotive property with a garage, front office, commercial zoning, and on-site parking.
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: 4‑bay garage with front office; Just under one acre of land; Commercial zoning
