Storefront Retail
For Sale
$525,000
483 S Main Street, Brewer, ME 04457
COMMERCIAL - Brewer, ME
Property Size5,510 SF
Lot Size0.11 Acres
Price / SF$95.28
Days on Market125
Property Features for 483 S Main Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
CB
Rooms
Basement
Basement
Full
Lot features
Near Turnpike/ Interstate
Standard status
Active
Size
5,510 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
2227
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Heat Pump (Heating), Electric (Heating), Oil
Cooling system
Heat Pump
Water source
Public
Building Details
Number of units
2
Flooring type
Vinyl
Building materials
Wood Frame, Vinyl Siding
Roof type
Shingle
Listing Agency:
CENTURY 21 Queen City Real Estate · Century 21 Real Estate
(207) 942-4618
Listed By:
Kristin Giroux · License #BA927767
(207) 479-8003
Added: Apr 10
Changed: Aug 4
Last Checked: Aug 12 at 12:06PM
MLS# 1657369
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.
Investment Insights
Based on property information with market context.
This for-sale storefront retail property is situated on a compact 0.11-acre lot and includes approximately 5,510 square feet of commercial space. The asset is presented as retail storefront space under CB zoning.
The property is located at 483 S Main Street in Brewer, ME 04457, within Penobscot County. Its downtown-type commercial zoning designation supports a range of storefront-oriented uses consistent with CB zoning.
For buyers or tenants seeking a compact, street-facing retail format in Brewer, this property provides a defined commercial footprint within a CB zoning district. Please contact the broker for additional details on the improvements and any available configuration information.
The property is located at 483 S Main Street in Brewer, ME 04457, within Penobscot County. Its downtown-type commercial zoning designation supports a range of storefront-oriented uses consistent with CB zoning.
For buyers or tenants seeking a compact, street-facing retail format in Brewer, this property provides a defined commercial footprint within a CB zoning district. Please contact the broker for additional details on the improvements and any available configuration information.
Key Highlights
- Wood frame construction with vinyl siding
- Vinyl flooring
- Heating includes forced air, heat pump, oil, and electric (heating)
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
$46,099
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
8.78%
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%
$921,980
$922.0K
Cap Rate 7%
$658,557
$658.6K
Cap Rate 9%
$512,211
$512.2K
Market Conditions
NOI Build-Up for 5,510 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
$79.3K $14.40/SF
− Vacancy
−$13.5K −$2.45/SF
EGI
$65.9K $11.95/SF
− OpEx
−$19.8K −$3.59/SF
NOI
$46.1K $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 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%
$921,980
Cap Rate 7%
$658,557
Cap Rate 9%
$512,211
Alternative Uses
Best Use
Retail
$658.6K
$576.2K – $768.3K
NOI $46,099 @ 7.0% cap · market cap 8.78%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.78M
$1.56M – $2.08M
NOI $124,570 @ 7.0% cap · market cap 23.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
162
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 04457, ME
5,689
Population
3,587
Households
1.6
Avg Household Size
48
Median Age
21%
College-Educated
94%
High-School Grad
258.8 sq mi
ZIP Area
22
Density / Sq Mi
$51,403
Median Household Income
$32,646
Median Earnings
$647
Median Rent
$126,100
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Storefront property - Retail storefront property zoned CB in Brewer, ME, offering approximately 5,510 square feet.
Where is this storefront property located?
The property is located at 483 S Main Street Brewer, ME.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Wood frame construction with vinyl siding; Vinyl flooring; Heating includes forced air, heat pump, oil, and electric (heating)
