Manufacturing Building with Truck
For Sale
$595,000
Pending
1567 Hammond Street, Bangor, ME 04401
Bangor, ME
Property Size5,568 SF
Days on Market262
Property Features for 1567 Hammond Street
General Information
Property type
Commercial Sale
Property subtype
Other
Standard status
Pending
Size
5,568 SF
Building Details
Year built
1955
Listing Agency:
Bangor, Maine · Better Homes and Gardens Real Estate
(207) 942-6711
Listed By:
Ansley Moore
(207) 942-6711
Added: Dec 7, 2025
Changed: Aug 24
Last Checked: Aug 26 at 1:06PM
MLS# 1645807
Copyright © 2026 Better Homes and Gardens-The Masiello Group. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 5,568-square-foot manufacturing building combines production space with administrative functions in a practical commercial layout. The facility includes a spacious manufacturing area, a dedicated production room, and office space with a reception area for clients and visitors. An oversized garage door accommodates two large commercial trucks, supporting operations that require substantial vehicle access.
Built in 1955, the property also features a pylon sign with a new electronic message center. The signage provides an on-site platform for changing business messaging and contributes to the building’s exposure along Hammond Street in Bangor. The combination of manufacturing space, vehicle access, production capacity, and office support creates a functional setting for industrial operations.
Built in 1955, the property also features a pylon sign with a new electronic message center. The signage provides an on-site platform for changing business messaging and contributes to the building’s exposure along Hammond Street in Bangor. The combination of manufacturing space, vehicle access, production capacity, and office support creates a functional setting for industrial operations.
Key Highlights
- 5,568‑square‑foot manufacturing building
- Oversized garage door accommodates two large commercial trucks
- Spacious manufacturing area with dedicated production room
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
$48,019
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
8.07%
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%
$960,380
$960.4K
Cap Rate 7%
$685,986
$686.0K
Cap Rate 9%
$533,544
$533.5K
Market Conditions
NOI Build-Up for 5,568 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
$78.2K $14.04/SF
− Vacancy
−$4.3K −$0.77/SF
EGI
$73.9K $13.27/SF
− OpEx
−$25.9K −$4.64/SF
NOI
$48.0K $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 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%
$960,380
Cap Rate 7%
$685,986
Cap Rate 9%
$533,544
Alternative Uses
Best Use
Flex RnD
$686.0K
$600.2K – $800.3K
NOI $48,019 @ 7.0% cap · market cap 8.07%
Second Best
Warehouse
$528.2K
$462.2K – $616.2K
NOI $36,973 @ 7.0% cap · market cap 6.21%
Theoretical Best
Office A
$1.80M
$1.57M – $2.10M
NOI $125,881 @ 7.0% cap · market cap 21.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Drive-in doors
Location Intelligence
Trade Area within ½ mile
193
Businesses Nearby
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
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Manufacturing property - Functional production and office facility with electronic pylon signage and oversized vehicle access.
Where is this manufacturing property located?
The property is located at 1567 Hammond Street Bangor, ME.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: 5,568‑square‑foot manufacturing building; Oversized garage door accommodates two large commercial trucks; Spacious manufacturing area with dedicated production room
