Building Details

Year Built 2003

Buildings 2

Construction modular

Listing Agency: NextHome Experience

Listed By: Lewis Morrison Show Phone

Source: 603luxury

Added: Sep 29 Changed: Oct 4 Last Checked: Oct 6 at 12:22AM

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Investment Insights

Based on property information with market context.

This 4.47-acre flex property includes a 27' x 52' modular office and a 37' x 60' heated garage with a 14' x 16' overhead door. About 2 acres have a gravel base suited to heavy trucks and equipment. The property was built in 2003.

Airline Road access connects the site with Clifton and the greater Bangor and Brewer area via the completed I-395/Route 9 Connector.

Key Highlights

• 4.47 acres in Clifton
• 27' x 52' modular office building
• 37' x 60' heated garage with a 14' x 16' overhead door

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$12,557

Cap Rate

2.95%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$251,140 $251.1K

Cap Rate 7%

$179,386 $179.4K

Cap Rate 9%

$139,522 $139.5K

Market Conditions

NOI Build-Up for 1,456 SF

Gross rent

$20.4K $14.04/SF

− Vacancy

−$1.1K −$0.77/SF

EGI

$19.3K $13.27/SF

− OpEx

−$6.8K −$4.64/SF

NOI

$12.6K $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 Rate 5%

$251,140

Cap Rate 7%

$179,386

Cap Rate 9%

$139,522

Alternative Uses

Best Use

Flex RnD

$179.4K

$157.0K – $209.3K (±1% cap)

NOI $12,557 @ 7.0% cap · market cap 2.95%

Second Best

Industrial

$122.5K

$107.2K – $143.0K (±1% cap)

NOI $8,577 @ 7.0% cap · market cap 2.02%

Theoretical Best

Office A

$470.2K

$411.5K – $548.6K (±1% cap)

NOI $32,917 @ 7.0% cap · market cap 7.75%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Flex space

Suggested Use

Top Pick Auto Repair Shop Catering Service Real Estate Agency Food Market Farmer's Market

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

17

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 04428, ME

3,034

Population

1,526

Households

2

Avg Household Size

47

Median Age

28%

College-Educated

92%

High-School Grad

59.5 sq mi

ZIP Area

51

Density / Sq Mi

$74,784

Median Household Income

$38,696

Median Earnings

$1,140

Median Rent

$213,700

Median Home Value

Market

Vacancy Rate% for Industrial in Northeast region

5.4% 2019

4.6% 2020

3.2% 2021

3.3% 2022

5.3% 2023

6.6% 2024

7.6% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this flex space located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Flex space - Office space, a heated garage, and a truck-ready gravel yard support a range of commercial operations.

Where is this flex space located?

The property is located at 235 Airline Road B Clifton, ME.

What is the asking price?

The asking price for this property is $425,000.

What are key features of this property?

This property features: 4.47 acres in Clifton; 27' x 52' modular office building; 37' x 60' heated garage with a 14' x 16' overhead door