Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    157 Pleasant St Brunswick, ME

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Highly visible 23,984 SF site on a busy corridor.

    Type:RETAIL
    Property size:
    23,984 SF
    Lot size:
    2.20 Acres
    Added:
    Jul 16, 2025
    Days on Market:
    263
    Last Refresh:
    Apr 1 at 10:25 pm

    Property Features for 157 Pleasant St

    General Information

    Standard status
    Active
    Size
    23,984 SF
    Lot size
    2.20 Acres
    Property subtype
    RETAIL

    Spaces For Lease

    at 157 Pleasant St Contact us

    We can help!

    Listing Contact
    Parker J. Howard

    Listing agent Parker J. Howard

    Listing office RE/MAX RIVERSIDE

    Listing date Jul 16, 2025

    Source Moodyscre

    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 RE/MAX RIVERSIDE

    Overview

    Former Car Dealership in Brunswick

    The property at 157 Pleasant Street in Brunswick, Maine, is a highly visible site ranging from 1.4 to 2.2 acres. It features a 23,984 square foot building that formerly operated as a car dealership. The location is positioned on a busy corridor leading into downtown Brunswick and throughway to the Midcoast, situated between Route 1 and 295.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Automotive properties

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Enterprise Rent-A-Car — 166 Pleasant St, Brunswick, ME 04011

    Location Insight

    • Map
    • Local Demand
    City
    Brunswick
    County
    Cumberland
    State
    Maine
    Longitude
    -69.9864
    Latitude
    43.912

    Nearby Similar for Lease

    • $9/mo

      Brunswick Industrial Space For Lease

      7,200 SF industrial space with work bays and overhead doors.
      4 Turner St, Brunswick, ME
      View Details
    • $20/mo

      Retail Space in Cook's Corner

      Retail space in high-traffic Brunswick location with national tenants.
      13 Gurnet Rd, Brunswick, ME
      View Details
    • Contact for pricing

      Office Space in Brunswick Landing

      Office space for rent in a mixed-use campus.
      150 Admiral Fitch Ave, Brunswick, ME
      View Details
    • Contact for pricing

      Downtown Brunswick Office Space Available

      Turnkey office space in downtown Brunswick with included utilities.
      6 Cumberland St, Brunswick, ME
      View Details
    • $18/mo

      Brunswick Office Space For Rent

      1680 square foot office space available for lease.
      41 Church Rd, Brunswick, ME
      View Details
    • $33/mo

      Retail/Office Building with Drive-Thru

      Prime 1,040 SF retail/office building with drive-thru for lease.
      163 Pleasant St, Brunswick, ME
      View Details
    • $20/mo

      Commercial Unit on Bath Road

      1600 SF retail/office/creative space available for lease.
      119 Bath Rd, Brunswick, ME
      View Details
    • Contact for pricing

      Brunswick Retail Space For Lease

      Retail spaces available in Brunswick's heavily traveled retail market.
      174 Bath Rd, Brunswick, ME
      View Details
    • Contact for pricing

      Historic Brunswick Property with Development Potential

      Historic property near Maine Street with multiple development possibilities.
      11 Lincoln St, Brunswick, ME
      View Details
    • $31/mo

      Former Convenience Store in Brunswick

      2,400± SF retail space with high visibility.
      152 Maine St, Brunswick, ME
      View Details
    • Contact for pricing

      Downtown Brunswick Office Space

      Office space available for lease in downtown Brunswick.
      6 Cumberland St, Brunswick, ME 04011
      View Details
    • $1.00/mo

      Brunswick Landing Distribution Warehouse

      93,306± SF build-to-suit warehouse ideal for distribution, logistics.
      0 Katahdin Drive, Brunswick, ME
      View Details

    FAQs

    What type of property is this?
    Automotive property - Highly visible 23,984 SF site on a busy corridor.
    Where is this automotive property located?
    The property is located at 157 Pleasant St Brunswick, ME.
    What are key features of this property?
    This property features: Highly visible location on a busy corridor.; Large site size: 1.4–2.2 acres.; Substantial building size: 23,984 SF former car dealership.
    (207) 751-8645 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Parker J. Howard
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!