Flex Space with
1555 Hammond Street, Bangor, ME 04401
For Sale
$420,000
GC&S-zoned property combines customer-facing display space with office and garage areas.
Property Size2,295 SF
Price / SF$183.01
Days on Market342
Property Features for 1555 Hammond Street
General Information
Standard status
Size
Property subtype
Zoning
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Better Homes & Gardens Real Estate/The Masiello Group
(207) 942-6711
Listed By:
Ansley Moore
(207) 745-4490
Source:
Integrityhomesrealestategroup
Added: Dec 5, 2025
Changed: Nov 11
Last Checked: Nov 11 at 2:08AM
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 Better Homes & Gardens Real Estate/The Masiello Group
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,295-square-foot flex property in Bangor includes a showroom, office space, and garage area. Built in 1955, the building is zoned GC&S. The layout brings display, administrative, and storage or vehicle-access functions together within one commercial property.
Key Highlights
- 2,295‑square‑foot flex property
- Showroom, office, and garage areas
- GC&S zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,792
Cap Rate
4.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$395,840
$395.8K
Cap Rate 7%
$282,743
$282.7K
Cap Rate 9%
$219,911
$219.9K
Market Conditions
NOI Build-Up for 2,295 SF
Gross rent
$32.2K $14.04/SF
− Vacancy
−$1.8K −$0.77/SF
EGI
$30.4K $13.27/SF
− OpEx
−$10.7K −$4.64/SF
NOI
$19.8K $8.62/SF
Area
Penobscot County, ME
Vacancy
5.50%
Lease Rate
$14.04 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$395,840
Cap Rate 7%
$282,743
Cap Rate 9%
$219,911
Alternative Uses
Best Use
Flex RnD
$282.7K
$247.4K – $329.9K
NOI $19,792 @ 7.0% cap · market cap 4.71%
Second Best
Retail
$274.3K
$240.0K – $320.0K
NOI $19,201 @ 7.0% cap · market cap 4.57%
Theoretical Best
Office A
$741.2K
$648.6K – $864.8K
NOI $51,885 @ 7.0% cap · market cap 12.35%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
193
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 04401, ME
44,608
Population
20,932
Households
2.1
Avg Household Size
40
Median Age
37%
College-Educated
96%
High-School Grad
100.1 sq mi
ZIP Area
446
Density / Sq Mi
$66,136
Median Household Income
$40,863
Median Earnings
$1,048
Median Rent
$229,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Flex space in Penobscot County, ME
Properties on Market for Flex space in Penobscot County
Vacancy Rate% for Industrial in Northeast region
Frequently Asked Questions
What type of property is this?
Flex space - GC&S-zoned property combines customer-facing display space with office and garage areas.
Where is this flex space located?
The property is located at 1555 Hammond Street Bangor, ME.
What is the asking price?
The asking price for this property is $420,000.
What are key features of this property?
This property features: 2,295‑square‑foot flex property; Showroom, office, and garage areas; GC&S zoning
