Commercial Property in Brewer,
For Sale
Contact for pricing
19 Sparks Ave, Brewer, ME 04412
Functional commercial property suitable for contractors and service-based businesses.
Property Size6,530 SF
Lot Size1.00 Acre
Price / SF$137.67
Days on Market200
Property Features for 19 Sparks Ave
General Information
Standard status
Active
Size
6,530 SF
Class
A
Total Parking Spaces
21
Lot size
1.00 Acre
Property subtype
Industrial, Mixed Use, Office, Retail
Zoning
GB
Lease Type
NNN
Investment Type
Owner/User
Building Details
Year Built
2001
Year Renovated
2018
Buildings
2
Stories
1
Units
2
Tenancy
Single
Listing Agency:
Berkshire Hathaway HomeServices Northeast Real Estate Bangor
(207) 314-2574
Listed By:
Elisha Hardy · License #BR915418
Source:
Crexi
Added: Jan 24
Changed: Aug 12
Last Checked: Aug 11 at 8:40AM
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 Berkshire Hathaway HomeServices Northeast Real Estate Bangor
Investment Insights
Based on property information with market context.
This functional and well-maintained commercial property is available for sale or under a triple net (NNN) lease. The property consists of two buildings situated on a 1-acre landscaped lot. Currently utilized by a general commercial construction company, the setup is well-suited for contractors, trades, or service-based businesses. Interior features include central heat, two bathrooms, and a kitchen/break area. The property also offers ample parking and outdoor space suitable for equipment or vehicles. Located in Brewer, Maine, the property provides convenient access to Bangor and major routes, offering flexibility for day-to-day operations and future growth. The property size is 6530 square feet.
Key Highlights
- Functional commercial property ideal for contractors, trades, or service‑based businesses.
- Two‑building setup on a 1± acre landscaped lot.
- Convenient Brewer location with easy access to Bangor and major routes.
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
$54,633
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
6.08%
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%
$1,092,660
$1.1M
Cap Rate 7%
$780,471
$780.5K
Cap Rate 9%
$607,033
$607.0K
Market Conditions
NOI Build-Up for 6,530 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
$94.0K $14.40/SF
− Vacancy
−$16.0K −$2.45/SF
EGI
$78.0K $11.95/SF
− OpEx
−$23.4K −$3.59/SF
NOI
$54.6K $8.37/SF
Area
Penobscot County, ME
Vacancy
17.00%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
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%
$1,092,660
Cap Rate 7%
$780,471
Cap Rate 9%
$607,033
Alternative Uses
Best Use
Office B
$1.32M
$1.15M – $1.54M
NOI $92,309 @ 7.0% cap · market cap 10.27%
Second Best
Retail
$780.5K
$682.9K – $910.6K
NOI $54,633 @ 7.0% cap · market cap 6.08%
Theoretical Best
Office A
$2.11M
$1.85M – $2.46M
NOI $147,630 @ 7.0% cap · market cap 16.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
373
Businesses Nearby
Explore this area
Business Placement
Demographics for 04412, ME
9,672
Population
4,565
Households
2.1
Avg Household Size
43
Median Age
31%
College-Educated
95%
High-School Grad
15.2 sq mi
ZIP Area
636
Density / Sq Mi
$51,490
Median Household Income
$35,700
Median Earnings
$984
Median Rent
$218,100
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Functional commercial property suitable for contractors and service-based businesses.
Where is this mixed-use property located?
The property is located at 19 Sparks Ave Brewer, ME.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Functional commercial property ideal for contractors, trades, or service‑based businesses.; Two‑building setup on a 1± acre landscaped lot.; Convenient Brewer location with easy access to Bangor and major routes.
