Flex Space with
For Sale
$80,000
270 Bomarc Road, Bangor, ME 04401
Two offices, a bathroom, and a rear storage structure complement the main work area.
Property Size1,104 SF
Price / SF$72.46
Days on Market745
Property Features for 270 Bomarc Road
General Information
Standard status
Active
Size
1,104 SF
Property subtype
Commercial
Zoning
Urban Industry
Additional Details
Property Use
Workshop
Taxes and HOA fees
Annual Taxes
$628
Building Details
Building Size
1,104 SF
Year Built
1950
Listing Agency:
ERA Dawson-Bradford Co.
Listed By:
Meggan Sylvia
(207) 947-6788
Source:
Patryfamilyrealty
Added: Oct 18, 2024
Changed: Oct 31
Last Checked: Oct 31 at 3:02AM
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 ERA Dawson-Bradford Co.
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Investment Insights
Based on property information with market context.
This 1,104-square-foot flex property, built in 1950, has two offices near the entrance, a bathroom, and a hallway leading to a large workshop. A garage door connects the work area to the exterior. A lean-to at the rear adds covered storage space.
The property is zoned Urban Industry and is located at 270 Bomarc Road in Bangor, Maine.
The property is zoned Urban Industry and is located at 270 Bomarc Road in Bangor, Maine.
Key Highlights
- 1,104‑square‑foot flex property
- Two offices and one bathroom
- Large workshop with an exterior garage door
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$6,503
Cap Rate
8.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$130,060
$130.1K
Cap Rate 7%
$92,900
$92.9K
Cap Rate 9%
$72,256
$72.3K
Market Conditions
NOI Build-Up for 1,104 SF
Gross rent
$9.9K $9.00/SF
− Vacancy
−$646 −$0.59/SF
EGI
$9.3K $8.42/SF
− OpEx
−$2.8K −$2.52/SF
NOI
$6.5K $5.89/SF
Area
Penobscot County, ME
Vacancy
6.50%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$130,060
Cap Rate 7%
$92,900
Cap Rate 9%
$72,256
Alternative Uses
Best Use
Flex RnD
$136.0K
$119.0K – $158.7K
NOI $9,521 @ 7.0% cap · market cap 11.90%
Second Best
Industrial
$92.9K
$81.3K – $108.4K
NOI $6,503 @ 7.0% cap · market cap 8.13%
Theoretical Best
Office A
$356.6K
$312.0K – $416.0K
NOI $24,959 @ 7.0% cap · market cap 31.20%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
40
Businesses Nearby
Balanced
Demand for This Use
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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
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Market
Vacancy Rate% for Industrial in Northeast region
Frequently Asked Questions
What type of property is this?
Flex space - Two offices, a bathroom, and a rear storage structure complement the main work area.
Where is this flex space located?
The property is located at 270 Bomarc Road Bangor, ME.
What is the asking price?
The asking price for this property is $80,000.
What are key features of this property?
This property features: 1,104‑square‑foot flex property; Two offices and one bathroom; Large workshop with an exterior garage door
