Automotive Salvage
For Sale
$800,000
379 Brewer Lake Road, Orrington, ME 04474
Commercial property with multiple buildings, operating automotive assets, and an established used-parts inventory.
Property Size10,300 SF
Days on Market246
Property Features for 379 Brewer Lake Road
General Information
Standard status
Active
Size
10,300 SF
Property subtype
Commercial
Zoning
Commercial
Taxes and HOA fees
Annual Taxes
$5,929
Building Details
Building Size
10,300 SF
Year Built
1982
Listing Agency:
NextHome Experience
(207) 721-0000
Listed By:
Pamela Libby
(207) 721-0000
Source:
Startpoint
Added: Dec 8, 2025
Changed: Aug 11
Last Checked: Aug 11 at 6:13AM
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 NextHome Experience
Investment Insights
Based on property information with market context.
This commercial automotive property includes an operating salvage and used-parts business on 21+/- acres, with the business assets included in the sale. The improvements comprise three separate buildings, and portions of the property are currently rented to other businesses. The site was built in 1982 and is zoned Commercial.
Included equipment consists of a John Deere R44G front-end loader, an indoor Nissan Dartson three-stage forklift, 9,000 lb and 10,000 lb car lifts, a Snap-On tire machine and balancer, a plow truck, and extensive parts inventory. The operation is fully licensed and has an EPA environmental compliance rating. Located at 379 Brewer Lake Road in Orrington, Maine, the property combines automotive business operations, equipment, inventory, and additional building space within one commercial holding.
Included equipment consists of a John Deere R44G front-end loader, an indoor Nissan Dartson three-stage forklift, 9,000 lb and 10,000 lb car lifts, a Snap-On tire machine and balancer, a plow truck, and extensive parts inventory. The operation is fully licensed and has an EPA environmental compliance rating. Located at 379 Brewer Lake Road in Orrington, Maine, the property combines automotive business operations, equipment, inventory, and additional building space within one commercial holding.
Key Highlights
- 21+/- acres in Orrington, Maine
- Three separate buildings, with some areas currently rented to other businesses
- Sale includes extensive parts inventory, equipment, and business assets
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
$60,672
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
7.58%
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%
$1,213,440
$1.2M
Cap Rate 7%
$866,743
$866.7K
Cap Rate 9%
$674,133
$674.1K
Market Conditions
NOI Build-Up for 10,300 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
$92.7K $9.00/SF
− Vacancy
−$6.0K −$0.59/SF
EGI
$86.7K $8.42/SF
− OpEx
−$26.0K −$2.52/SF
NOI
$60.7K $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 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%
$1,213,440
Cap Rate 7%
$866,743
Cap Rate 9%
$674,133
Alternative Uses
Best Use
Retail
$1.23M
$1.08M – $1.44M
NOI $86,174 @ 7.0% cap · market cap 10.77%
Second Best
Industrial
$866.7K
$758.4K – $1.01M
NOI $60,672 @ 7.0% cap · market cap 7.58%
Theoretical Best
Office A
$3.33M
$2.91M – $3.88M
NOI $232,862 @ 7.0% cap · market cap 29.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
11
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 04474, ME
3,812
Population
1,739
Households
2.2
Avg Household Size
47
Median Age
40%
College-Educated
98%
High-School Grad
25.0 sq mi
ZIP Area
152
Density / Sq Mi
$92,583
Median Household Income
$53,571
Median Earnings
$1,072
Median Rent
$239,200
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Similar Off Market Nearby
- J & J Auto & Recycling — 379 Brewer Lake Rd, Orrington, ME 04474
- Jim's Small Engines — 244 Snows Corner Rd, Orrington, ME 04474
- Townsend Auto Services — 379 Brewer Lake Rd, Orrington, ME 04474
- Robichaud's Auto — 31 Ruby Ln, Orrington, ME 04474
Frequently Asked Questions
What type of property is this?
Auto shop - Commercial property with multiple buildings, operating automotive assets, and an established used-parts inventory.
Where is this auto shop located?
The property is located at 379 Brewer Lake Road Orrington, ME.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: 21+/- acres in Orrington, Maine; Three separate buildings, with some areas currently rented to other businesses; Sale includes extensive parts inventory, equipment, and business assets
