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    Renovated Mixed-Use Commercial Building Title is generated by Realmo AI

    34 Abbott Street, Brewer, ME 04412

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    Picture of Office Units at 34 Abbott Street, Brewer, ME
    For Sale
    $4,100,000

    COMMERCIAL - Brewer, ME

    Property size:
    47,451 SF
    Lot size:
    6.01 Acres
    Price / SF:
    $86/SF
    Added:
    Jun 4, 2026
    Days on Market:
    1
    Last Refresh:
    Jun 4 at 4:06 pm

    Property Features for 34 Abbott Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    Commercial
    Parking features
    Offsite
    Accessibility
    Accessible Approach with Ramp
    Standard status
    Active
    Size
    47,451 SF
    Lot size
    6.01 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    54909

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas, Heat Pump (Heating)
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1955
    Number of units
    13
    Flooring type
    Concrete
    Building materials
    Masonry, Brick
    Roof type
    Membrane, Flat

    We can help!

    Listing Contact
    David Giroux

    Listing agent David Giroux

    Listing office Pro Realty 4 Union Street, Bangor, ME

    Listing date Jun 4, 2026

    MLS# 1665525

    Copyright © 2026 Maine Listings. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Completely renovated in 2012; year built 1955 with brick masonry construction and concrete flooring.
    • 98% occupancy rate for 14 years; currently 13 commercial suites occupied by 7 commercial tenants.
    • Second‑floor apartments: 4 total units—three 2BR and one 1BR; each apartment includes a dishwasher and ice maker.
    • Tenants pay their own heat, lights, A/C, and electricity; property served by public water and public sewer.
    • Modern building systems include central air, heat pump heating, and natural gas heating; flat membrane roof.
    • On‑site coin laundry; accessible approach with ramp; offsite parking.

    Overview

    This completely renovated mixed-use property was renovated in 2012 and includes 13 commercial suites occupied by seven commercial tenants, along with four modern apartments on the second floor. The apartments include three two-bedroom units and one one-bedroom unit. Each apartment is equipped with a dishwasher and an ice maker, and the property features on-site coin laundry. For utilities, all tenants pay their own heat, lights, air conditioning, and electricity.

    Located at 34 Abbott Street in Brewer, Maine, the building is configured as a combined commercial and residential income setup within a Commercial zoning designation.

    The property is currently reported at 98% occupancy for 14 years, with a current NOI of $294,858. Commercial and residential rents are described as being believed to be below market. With a long-running occupancy history and a combination of commercial suites and apartments, this offering may appeal to buyers seeking a stabilized, operationally straightforward income property while benefiting from an already-renovated building envelope.
    Property Profile Location Intelligence

    Current Use by Public Records

    Bangor Brewer Athletic ... Gym & Fitness Center Titan Athletics Gym & Fitness Center Helping Hands Maintenance ... Landscaping GAFTEK Inc. Warehouse & Storage The Bearded Mainer Photography Wedding Service

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Brewer
    County
    Penobscot
    State
    Maine
    Longitude
    -68.7718561
    Latitude
    44.7813148

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    FAQs

    What type of property is this?
    Office units - Completely renovated building with 13 commercial suites, four apartments, and on-site coin laundry.
    Where is this office units located?
    The property is located at 34 Abbott Street Brewer, ME.
    What is the asking price?
    The asking price for this property is $4,100,000.
    What are key features of this property?
    This property features: Completely renovated in 2012; year built 1955 with brick masonry construction and concrete flooring.; 98% occupancy rate for 14 years; currently 13 commercial suites occupied by 7 commercial tenants.; Second‑floor apartments: 4 total units—three 2BR and one 1BR; each apartment includes a dishwasher and ice maker.
    (207) 745-8118
    We can help!
    Listing Contact
    David Giroux
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    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.

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