Restaurant Property With Attached
For Sale
$349,000
792 Auburn Road, Turner, ME 04282
Commercially zoned operation supports dine-in, takeout, and outdoor service.
Property Size2,448 SF
Days on Market1452
Property Features for 792 Auburn Road
General Information
Standard status
Active
Size
2,448 SF
Property subtype
Commercial
Zoning
Commercial
Additional Details
Business Included
Yes
Patio
Yes
Taxes and HOA fees
Annual Taxes
$4,032
Building Details
Building Size
2,448 SF
Year Built
1983
Listing Agency:
CENTURY 21 Advantage
(207) 754-7809
Listed By:
Ann Parker
(207) 754-7809
Source:
Startpoint
Added: Aug 22, 2022
Changed: Aug 11
Last Checked: Aug 11 at 8:50AM
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 CENTURY 21 Advantage
Investment Insights
Based on property information with market context.
Built in 1983, this conventional restaurant property at 792 Auburn Road includes facilities for dine-in and takeout service, along with an outdoor dining area. The commercial zoning supports its restaurant use, while the kitchen has received upgrades in recent years described as improving efficiency and modernization.
An attached mobile home adds an on-site residential component. The owner may occupy it or rent it for additional income. The seller is also willing to remain during a transition period and provide training to the incoming operator.
An attached mobile home adds an on-site residential component. The owner may occupy it or rent it for additional income. The seller is also willing to remain during a transition period and provide training to the incoming operator.
Key Highlights
- Dine‑in, takeout, and outdoor dining formats
- Attached mobile home for owner occupancy or rental
- 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
$19,749
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
5.66%
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%
$394,980
$395.0K
Cap Rate 7%
$282,129
$282.1K
Cap Rate 9%
$219,433
$219.4K
Market Conditions
NOI Build-Up for 2,448 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
$31.7K $12.96/SF
− Vacancy
−$5.4K −$2.20/SF
EGI
$26.3K $10.76/SF
− OpEx
−$6.6K −$2.69/SF
NOI
$19.7K $8.07/SF
Area
Androscoggin County, ME
Vacancy
17.00%
Lease Rate
$12.96 /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%
$394,980
Cap Rate 7%
$282,129
Cap Rate 9%
$219,433
Alternative Uses
Best Use
Industrial
$3.58M
$3.13M – $4.18M
NOI $250,640 @ 7.0% cap · market cap 71.82%
Second Best
Specialty Retail
$282.1K
$246.9K – $329.2K
NOI $19,749 @ 7.0% cap · market cap 5.66%
Theoretical Best
Warehouse
$4.35M
$3.80M – $5.07M
NOI $304,348 @ 7.0% cap · market cap 87.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
15
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 04282, ME
5,817
Population
2,431
Households
2.4
Avg Household Size
43
Median Age
19%
College-Educated
97%
High-School Grad
59.3 sq mi
ZIP Area
98
Density / Sq Mi
$87,981
Median Household Income
$39,625
Median Earnings
$588
Median Rent
$254,400
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Commercially zoned operation supports dine-in, takeout, and outdoor service.
Where is this conventional restaurant located?
The property is located at 792 Auburn Road Turner, ME.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: Dine‑in, takeout, and outdoor dining formats; Attached mobile home for owner occupancy or rental; Commercial zoning
