Four-Bay Auto Repair
For Sale
$550,000
5 Amity Lane, Pittston, ME 04345
COMMERCIAL - Pittston, ME
Property Size3,968 SF
Lot Size2.07 Acres
Price / SF$138.61
Days on Market41
Property Features for 5 Amity Lane
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Rural
Parking features
Off Street
Interior features
Storage
Lot features
Rural
Standard status
Active
Size
3,968 SF
Lot size
2.07 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
2295
Utilities
Sewer type
Private Sewer
Heating system
Radiant, Heat Pump (Heating), Hot Water(Heating), Oil
Cooling system
Heat Pump
Water source
Private
Amenities
paved parking lot
cement pad
office/waiting area
private office
security system
camera
three heat pumps
waste oil boiler with radiant heat floors
Building Details
Year built
2002
Flooring type
Concrete
Building materials
Vinyl Siding
Roof type
Metal
Additional Structures
Storage
Listing Agency:
McAllister Real Estate
(207) 621-2345
Listed By:
Kimberly Gleason
(207) 837-3180
Added: Jul 6
Changed: Aug 4
Last Checked: Aug 15 at 7:06PM
MLS# 1638004
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.
Turnkey four-bay full-service auto repair shop for sale featuring a workshop built for heavy-duty service and fast turnaround. The heated and cooled facility includes an office and a private office, plus a separate waiting area. Floor surfaces are concrete, and the building is finished with vinyl siding and a metal roof. The shop is heated by a waste oil boiler with radiant heat floors and cooled/heated by three heat pumps.
The property is located on busy Route 27 in Pittston and sits on 2.07 acres with a paved parking lot and off-street parking. An exterior cement pad is also included for commercial trucks or motor homes.
The business comes equipped with multiple lift systems and service tools, including three Rotary overhead lifts and 6 Rotary portable mobile columns lifts with jack posts. Additional equipment includes a Hunter Tire machine and balancer, along with a security system and exterior camera protection. The current owner has operated the business since 2002.
The property is located on busy Route 27 in Pittston and sits on 2.07 acres with a paved parking lot and off-street parking. An exterior cement pad is also included for commercial trucks or motor homes.
The business comes equipped with multiple lift systems and service tools, including three Rotary overhead lifts and 6 Rotary portable mobile columns lifts with jack posts. Additional equipment includes a Hunter Tire machine and balancer, along with a security system and exterior camera protection. The current owner has operated the business since 2002.
Key Highlights
- On busy Route 27 in Pittston
- 2.07 acres with paved off‑street parking plus exterior cement pad for trucks or motor homes
- Four‑bay full‑service auto repair shop
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
$38,318
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
6.97%
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%
$766,360
$766.4K
Cap Rate 7%
$547,400
$547.4K
Cap Rate 9%
$425,756
$425.8K
Market Conditions
NOI Build-Up for 3,968 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
$57.1K $14.40/SF
− Vacancy
−$2.4K −$0.60/SF
EGI
$54.7K $13.80/SF
− OpEx
−$16.4K −$4.14/SF
NOI
$38.3K $9.66/SF
Area
Kennebec County, ME
Vacancy
4.20%
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%
$766,360
Cap Rate 7%
$547,400
Cap Rate 9%
$425,756
Alternative Uses
Best Use
Industrial
$4.88M
$4.27M – $5.69M
NOI $341,263 @ 7.0% cap · market cap 62.05%
Second Best
Retail
$547.4K
$479.0K – $638.6K
NOI $38,318 @ 7.0% cap · market cap 6.97%
Theoretical Best
Warehouse
$5.92M
$5.18M – $6.91M
NOI $414,391 @ 7.0% cap · market cap 75.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Service bays
Turnkey business
Opportunity
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
19
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 04345, ME
12,052
Population
5,562
Households
2.2
Avg Household Size
43
Median Age
29%
College-Educated
97%
High-School Grad
71.7 sq mi
ZIP Area
168
Density / Sq Mi
$68,844
Median Household Income
$42,559
Median Earnings
$956
Median Rent
$208,700
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.
Similar Off Market Nearby
- C.W. Repair — 5 Amity Ln, Pittston, ME 04345
- Light Duty Roadside Assistance — 81 Smithtown Rd, Pittston, ME 04345
Frequently Asked Questions
What type of property is this?
Auto shop - Turnkey four-bay auto repair facility with paved parking, a cement pad for commercial vehicles, and heated/cooled workshop.
Where is this auto shop located?
The property is located at 5 Amity Lane Pittston, ME.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: On busy Route 27 in Pittston; 2.07 acres with paved off‑street parking plus exterior cement pad for trucks or motor homes; Four‑bay full‑service auto repair shop
