Manufacturing Facility with Gantry
New
For Sale
Contact for pricing
60 Darin Drive, Augusta, ME 04330
The facility includes drive-through trailer access and 480V 3-phase electrical service.
Property Size20,115 SF
Price / SF$74.57
Days on Market5
Property Features for 60 Darin Drive
General Information
Standard status
Active
Size
20,115 SF
Class
B
Property subtype
Industrial, Mixed Use
Zoning
IA
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Building Details
Year Built
1978
Buildings
1
Stories
1
Units
1
Listing Agency:
Pouliot Real Estate
(207) 248-6044
Listed By:
Matt Pouliot · License #DB919578
Source:
Crexi
Added: Aug 7
Changed: Aug 11
Last Checked: Aug 11 at 3:09AM
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 Pouliot Real Estate
Investment Insights
Based on property information with market context.
This 20,115 SF manufacturing facility, built in 1978, combines heavy industrial equipment with dedicated office and storage areas. Five gantry cranes serve the warehouse, with capacities ranging from 3-ton to 15-ton. The building accommodates full tractor-trailer movement through the warehouse, offers up to 30’ of clear height, and includes a secured interior storage area. Warehouse heating is provided by three large Modine units, while two York HVAC units serve the office area; both office units were serviced in 2025.
Approximately 3,000 SF of office space includes private bathrooms. The property also features 480V 3-phase power, fiber optic connectivity, and a large fenced yard for equipment or material storage. Zoned IA, the facility may support warehouse, manufacturing, distribution, or specialized industrial uses, with other uses potentially available through planning board approval as a conditional use. Occupancy is available in Fall 2026.
Approximately 3,000 SF of office space includes private bathrooms. The property also features 480V 3-phase power, fiber optic connectivity, and a large fenced yard for equipment or material storage. Zoned IA, the facility may support warehouse, manufacturing, distribution, or specialized industrial uses, with other uses potentially available through planning board approval as a conditional use. Occupancy is available in Fall 2026.
Key Highlights
- 20,115 SF manufacturing facility built in 1978
- Five gantry cranes with capacities from 3‑ton to 15‑ton
- 480V 3‑phase electrical service and fiber optic connectivity
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
$126,982
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
8.47%
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%
$2,539,640
$2.5M
Cap Rate 7%
$1,814,029
$1.8M
Cap Rate 9%
$1,410,911
$1.4M
Market Conditions
NOI Build-Up for 20,115 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
$200.3K $9.96/SF
− Vacancy
−$5.0K −$0.25/SF
EGI
$195.4K $9.71/SF
− OpEx
−$68.4K −$3.40/SF
NOI
$127.0K $6.31/SF
Area
Kennebec County, ME
Vacancy
2.49%
Lease Rate
$9.96 /SF/Yr
Expense Ratio
35.00%
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%
$2,539,640
Cap Rate 7%
$1,814,029
Cap Rate 9%
$1,410,911
Alternative Uses
Best Use
Warehouse
$30.01M
$26.26M – $35.01M
NOI $2,100,674 @ 7.0% cap · market cap 140.04%
Second Best
Industrial
$24.71M
$21.62M – $28.83M
NOI $1,729,967 @ 7.0% cap · market cap 115.33%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
237
Businesses Nearby
Explore this area
Business Placement
Demographics for 04330, ME
26,322
Population
13,017
Households
2
Avg Household Size
44
Median Age
28%
College-Educated
95%
High-School Grad
116.9 sq mi
ZIP Area
225
Density / Sq Mi
$55,158
Median Household Income
$43,177
Median Earnings
$912
Median Rent
$197,600
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Manufacturing property - The facility includes drive-through trailer access and 480V 3-phase electrical service.
Where is this manufacturing property located?
The property is located at 60 Darin Drive Augusta, ME.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 20,115 SF manufacturing facility built in 1978; Five gantry cranes with capacities from 3‑ton to 15‑ton; 480V 3‑phase electrical service and fiber optic connectivity
