Building Details

Building Size 1,456 SF

Year Built 2003

Buildings 2

Stories 1

Listed By: Dan Amero Show Phone

Source: Amerorealty

Added: Nov 7, 2022 Changed: Oct 22 Last Checked: Oct 22 at 2:23PM

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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 Dan Amero

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Investment Insights

Based on property information with market context.

The Clifton property includes a 27' x 52' modular office and a heated 37' x 60' garage with a 14' x 16' overhead door. Four acres are included, with two acres finished in a thick gravel base suitable for heavy trucks. The site was previously used by Bayside Transport and is zoned Growth.

The Maine Department of Transportation’s I-395/Route 9 Connector project is planned to link I-395 and Route 9 in north central Maine. The project is intended to improve regional transportation connections, safety, and mobility. The property is at 235 Airline Road #B in Clifton.

Key Highlights

• 4‑acre property with 2 acres of thick gravel base yard
• Heated garage measures 37' x 60' and has a 14' x 16' overhead door
• Modular office measures 27' x 52'

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$9,668

Cap Rate

3.88%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$193,360 $193.4K

Cap Rate 7%

$138,114 $138.1K

Cap Rate 9%

$107,422 $107.4K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,456 SF

Gross rent

$12.2K $8.40/SF

− Vacancy

−$856 −$0.59/SF

EGI

$11.4K $7.81/SF

− OpEx

−$1.7K −$1.17/SF

NOI

$9.7K $6.64/SF

Area

Penobscot County, ME

Vacancy

7.00%

Lease Rate

$8.40 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$193,360

Cap Rate 7%

$138,114

Cap Rate 9%

$107,422

Alternative Uses

Best Use

Warehouse

$138.1K

$120.9K – $161.1K (±1% cap)

NOI $9,668 @ 7.0% cap · market cap 3.88%

Second Best

Industrial

$122.5K

$107.2K – $143.0K (±1% cap)

NOI $8,577 @ 7.0% cap · market cap 3.44%

Theoretical Best

Office A

$470.2K

$411.5K – $548.6K (±1% cap)

NOI $32,917 @ 7.0% cap · market cap 13.22%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Contact the owner directly Get the owner's phone numbers and email

Open Analytics

Current Use

Truck terminals

Suggested Use

Top Pick Auto Repair Shop Catering Service Real Estate Agency Food Market Farmer's Market

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

17

Businesses Nearby

Explore this area Business Placement

Demographics for 04428, ME

3,034

Population

1,526

Households

2

Avg Household Size

47

Median Age

28%

College-Educated

92%

High-School Grad

59.5 sq mi

ZIP Area

51

Density / Sq Mi

$74,784

Median Household Income

$38,696

Median Earnings

$1,140

Median Rent

$213,700

Median Home Value

Market

Vacancy Rate% for Industrial in Northeast region

5.4% 2019

4.6% 2020

3.2% 2021

3.3% 2022

5.3% 2023

6.6% 2024

7.6% 2025

Frequently Asked Questions

What type of property is this?

Truck terminal - A heated garage, modular office, and heavy-vehicle yard support truck-terminal operations.

Where is this truck terminal located?

The property is located at 235 Airline Road #B Clifton, ME.

What is the asking price?

The asking price for this property is $249,000.

What are key features of this property?

This property features: 4‑acre property with 2 acres of thick gravel base yard; Heated garage measures 37' x 60' and has a 14' x 16' overhead door; Modular office measures 27' x 52'