Prime Mixed-Use Opportunity on
For Sale
Contact for pricing
Pending
546 Broadway, Bangor, ME 04401
Meticulously updated mixed-use building with high visibility and modern infrastructure.
Property Size1,062 SF
Lot Size0.54 Acres
Days on Market184
Property Features for 546 Broadway
General Information
Standard status
Pending
Size
1,062 SF
Total Parking Spaces
20
Lot size
0.54 Acres
Property subtype
Retail, Office, Mixed Use
Zoning
GC & SD
Occupancy
100%
Building Details
Year Built
1920
Year Renovated
2024
Stories
3
Units
2
Listing Agency:
Keller Williams Realty
Listed By:
Julie and Bryce | The Davis Team · License #me.024538
Source:
Crexi
Added: Feb 8
Changed: Aug 8
Last Checked: Aug 10 at 9:11AM
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 Keller Williams Realty
Investment Insights
Based on property information with market context.
Located on Broadway, this mixed-use property offers a prime opportunity with high visibility and a daily traffic count of 30,000 vehicles. The 0.54-acre property is zoned for mixed-use and features a meticulously updated professional building. The location provides easy access to the I-95 interchange and is near St. Joseph Hospital, Northern Light Health, Husson University, and Downtown Bangor. The main level includes an all-season porch, reception area, conference room, and five offices. The upper suite is suitable for owner-occupants or executive rentals, featuring a new kitchen with an electric stove and refrigerator, a full bath with granite counters, and a finished attic suite with custom woodwork. The property has been renovated with a new high-efficiency natural gas furnace, brand-new central AC, and updated electrical systems. It is fully ADA-compliant with a new ramp, commercial entry door, and first-floor half-bath. The exterior features a newly paved and striped 8-space parking lot with a widened entrance, a two-car garage/barn with future development potential, and a spacious lawn. The building size is 1062 square feet. The property is located in a business district and has access to a bus line, shopping, and the turnpike/interstate.
Key Highlights
- High‑visibility location on Broadway with 30,000 daily traffic count and easy access to I‑95.
- Mixed‑use zoning allows for flexible live/work arrangements and business operations.
- Fully renovated with modern infrastructure including new high‑efficiency natural gas furnace, central AC, and updated electrical.
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
$15,013
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
3.16%
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%
$300,260
$300.3K
Cap Rate 7%
$214,471
$214.5K
Cap Rate 9%
$166,811
$166.8K
Market Conditions
NOI Build-Up for 1,062 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
$22.9K $21.60/SF
− Vacancy
−$2.9K −$2.75/SF
EGI
$20.0K $18.85/SF
− OpEx
−$5.0K −$4.71/SF
NOI
$15.0K $14.14/SF
Area
Penobscot County, ME
Vacancy
12.74%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
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%
$300,260
Cap Rate 7%
$214,471
Cap Rate 9%
$166,811
Alternative Uses
Best Use
Office B
$214.5K
$187.7K – $250.2K
NOI $15,013 @ 7.0% cap · market cap 3.16%
Second Best
Mixed Use
$108.7K
$95.1K – $126.9K
NOI $7,611 @ 7.0% cap · market cap 1.60%
Theoretical Best
Office A
$343.0K
$300.1K – $400.2K
NOI $24,010 @ 7.0% cap · market cap 5.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
528
Businesses Nearby
Explore this area
Business Placement
Demographics for 04401, ME
44,608
Population
20,932
Households
2.1
Avg Household Size
40
Median Age
37%
College-Educated
96%
High-School Grad
100.1 sq mi
ZIP Area
446
Density / Sq Mi
$66,136
Median Household Income
$40,863
Median Earnings
$1,048
Median Rent
$229,600
Median Home Value
Market
Vacancy Rate% for Office 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?
Mixed-use property - Meticulously updated mixed-use building with high visibility and modern infrastructure.
Where is this mixed-use property located?
The property is located at 546 Broadway Bangor, ME.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: High‑visibility location on Broadway with 30,000 daily traffic count and easy access to I‑95.; Mixed‑use zoning allows for flexible live/work arrangements and business operations.; Fully renovated with modern infrastructure including new high‑efficiency natural gas furnace, central AC, and updated electrical.
