Mixed-Use Building with
For Sale
$725,000
4 Pleasant St, Brunswick, ME 04011
Two-level commercial property combining an occupied specialty market and wine bar with a vacant upper floor.
Property Size6,256 SF
Days on Market42
Property Features for 4 Pleasant St
General Information
Standard status
Active
Size
6,256 SF
Property subtype
Retail
Amenities
outdoor patio
Building Details
Building Size
6,256 SF
Year Built
1860
Buildings
1
Stories
2
Tenancy
Multi
Listing Agency:
(207) 233-1792
Listed By:
Chris Romano
(207) 233-1792
Source:
Boulos
Added: Jul 20
Changed: Aug 29
Last Checked: Aug 29 at 10:27PM
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 Chris Romano
Investment Insights
Based on property information with market context.
Built in 1860, this two-level mixed-use property at 4 Pleasant St in Brunswick includes an active first-floor specialty market and wine bar operated by Vessel & Vine since 2018. The second floor is currently vacant, with high ceilings and substantial natural light that distinguish the upper-level space.
The property includes a 520-square-foot outdoor patio associated with Vessel & Vine. Its downtown Brunswick setting places the building near The Tontine Mall, Bowdoin College, and the amenities of downtown. Lease details for the first-floor occupant are available through the broker.
The property includes a 520-square-foot outdoor patio associated with Vessel & Vine. Its downtown Brunswick setting places the building near The Tontine Mall, Bowdoin College, and the amenities of downtown. Lease details for the first-floor occupant are available through the broker.
Key Highlights
- Mixed‑use building at 4 Pleasant St, Brunswick, ME 04011
- Built in 1860
- First floor occupied by Vessel & Vine, a specialty market and wine bar operating since 2018
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
$65,425
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
9.02%
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%
$1,308,500
$1.3M
Cap Rate 7%
$934,643
$934.6K
Cap Rate 9%
$726,944
$726.9K
Market Conditions
NOI Build-Up for 6,256 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
$112.6K $18.00/SF
− Vacancy
−$19.1K −$3.06/SF
EGI
$93.5K $14.94/SF
− OpEx
−$28.0K −$4.48/SF
NOI
$65.4K $10.46/SF
Area
Cumberland County, ME
Vacancy
17.00%
Lease Rate
$18.00 /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%
$1,308,500
Cap Rate 7%
$934,643
Cap Rate 9%
$726,944
Alternative Uses
Best Use
Mixed Use
$1.11M
$971.3K – $1.30M
NOI $77,700 @ 7.0% cap · market cap 10.72%
Second Best
Specialty Retail
$1.00M
$876.2K – $1.17M
NOI $70,098 @ 7.0% cap · market cap 9.67%
Theoretical Best
Office A
$1.72M
$1.50M – $2.01M
NOI $120,363 @ 7.0% cap · market cap 16.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,387
Businesses Nearby
Explore this area
Business Placement
Demographics for 04011, ME
21,756
Population
9,440
Households
2.3
Avg Household Size
44
Median Age
52%
College-Educated
96%
High-School Grad
46.8 sq mi
ZIP Area
465
Density / Sq Mi
$74,102
Median Household Income
$40,075
Median Earnings
$1,341
Median Rent
$343,600
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two-level commercial property combining an occupied specialty market and wine bar with a vacant upper floor.
Where is this mixed-use property located?
The property is located at 4 Pleasant St Brunswick, ME.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: Mixed‑use building at 4 Pleasant St, Brunswick, ME 04011; Built in 1860; First floor occupied by Vessel & Vine, a specialty market and wine bar operating since 2018
