Auto Shop with Service
For Sale
$299,000
2232 Carmel Road North, Newburgh, ME 04444
Commercial zoning and an on-site office and storage area complement the vehicle service space.
Property Size2,000 SF
Lot Size9.00 Acres
Price / SF$149.50
Days on Market552
Property Features for 2232 Carmel Road North
General Information
Standard status
Active
Size
2,000 SF
Lot size
9.00 Acres
Property subtype
Commercial
Zoning
Commercial
Additional Details
Highway Access
Yes
Real Estate Included
Yes
Taxes and HOA fees
Annual Taxes
$1,555
Amenities
bay area
car lift
storage room
office
bay doors
Building Details
Building Size
2,000 SF
Year Built
1987
Buildings
1
Stories
1
Listing Agency:
Integrity Homes Real Estate Group, PC
Listed By:
Buffy Dumont
(207) 576-9755
Source:
Integrityhomesrealestategroup
Added: May 2, 2025
Changed: Nov 2
Last Checked: Nov 3 at 7:50AM
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 Integrity Homes Real Estate Group, PC
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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 auto shop property includes a 2,000-square-foot garage on 9 acres. The building has a working vehicle lift, a rear storage room, and an office. Two bay doors measure 12 feet 3 inches high by 11 feet 8 3/4 inches wide and 10 feet 1 inch high by 10 feet 2 inches wide, respectively. The property is zoned Commercial.
The site is in Newburgh, 1.2 miles from the I-95 Carmel exit and 12.2 miles from Bangor. The garage previously operated as a used-car dealership with an on-site mechanic.
The site is in Newburgh, 1.2 miles from the I-95 Carmel exit and 12.2 miles from Bangor. The garage previously operated as a used-car dealership with an on-site mechanic.
Key Highlights
- 9‑acre site with a 2,000‑square‑foot garage
- Working vehicle lift in the service area
- Two bay doors: 12' 3" H x 11' 8 3/4' W and 10'1' H x 10' 2' W
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,733
Cap Rate
5.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$334,660
$334.7K
Cap Rate 7%
$239,043
$239.0K
Cap Rate 9%
$185,922
$185.9K
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$28.8K $14.40/SF
− Vacancy
−$4.9K −$2.45/SF
EGI
$23.9K $11.95/SF
− OpEx
−$7.2K −$3.59/SF
NOI
$16.7K $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 Rate 5%
$334,660
Cap Rate 7%
$239,043
Cap Rate 9%
$185,922
Alternative Uses
Best Use
Retail
$239.0K
$209.2K – $278.9K
NOI $16,733 @ 7.0% cap · market cap 5.60%
Second Best
Industrial
$168.3K
$147.3K – $196.4K
NOI $11,781 @ 7.0% cap · market cap 3.94%
Theoretical Best
Office A
$645.9K
$565.2K – $753.6K
NOI $45,216 @ 7.0% cap · market cap 15.12%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
10
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 04444, ME
9,304
Population
3,936
Households
2.4
Avg Household Size
42
Median Age
46%
College-Educated
98%
High-School Grad
69.0 sq mi
ZIP Area
135
Density / Sq Mi
$102,922
Median Household Income
$52,845
Median Earnings
$1,019
Median Rent
$270,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Auto shop - Commercial zoning and an on-site office and storage area complement the vehicle service space.
Where is this auto shop located?
The property is located at 2232 Carmel Road North Newburgh, ME.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: 9‑acre site with a 2,000‑square‑foot garage; Working vehicle lift in the service area; Two bay doors: 12' 3" H x 11' 8 3/4' W and 10'1' H x 10' 2' W
