Streetfront Mixed-Use
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64 Maine Street, Brunswick, ME 04011
Substantial commercial building in an established pedestrian-oriented district near restaurants, retailers, galleries, and professional services.
Property Size16,106 SF
Price / SF$155.22
Days on Market4
Property Features for 64 Maine Street
General Information
Standard status
Active
Size
16,106 SF
Property subtype
Retail, Mixed Use
Listing Agency:
CORE
Listed By:
Nicholas Mills · License #SA930488
Source:
Crexi
Added: Sep 2
Changed: Sep 4
Last Checked: Sep 4 at 2:37PM
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 CORE
Investment Insights
Based on property information with market context.
The property at 64 Maine Street is a mixed-use commercial building containing approximately 16,106 SF of gross building area. Its prominent street-facing position places it within an established commercial setting in downtown Brunswick, where the surrounding environment includes restaurants, specialty retailers, galleries, professional services, and destination-oriented businesses.
Maine Street forms the center of Brunswick’s historic commercial district and offers a pedestrian-oriented setting with locally owned businesses. Bowdoin College, downtown dining, shopping, arts, and cultural attractions contribute to activity in the area. Brunswick Station and Amtrak Downeaster service provide regional rail connections to Portland and Boston, adding transportation access for employees, customers, residents, and visitors.
Maine Street forms the center of Brunswick’s historic commercial district and offers a pedestrian-oriented setting with locally owned businesses. Bowdoin College, downtown dining, shopping, arts, and cultural attractions contribute to activity in the area. Brunswick Station and Amtrak Downeaster service provide regional rail connections to Portland and Boston, adding transportation access for employees, customers, residents, and visitors.
Key Highlights
- Approximately 16,106 SF of gross building area
- 64 Maine Street address in downtown Brunswick
- Prominent street‑facing position within an established commercial setting
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
$200,037
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
8.00%
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%
$4,000,740
$4.0M
Cap Rate 7%
$2,857,671
$2.9M
Cap Rate 9%
$2,222,633
$2.2M
Market Conditions
NOI Build-Up for 16,106 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
$347.9K $21.60/SF
− Vacancy
−$27.8K −$1.73/SF
EGI
$320.1K $19.87/SF
− OpEx
−$120.0K −$7.45/SF
NOI
$200.0K $12.42/SF
Area
Cumberland County, ME
Vacancy
8.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
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%
$4,000,740
Cap Rate 7%
$2,857,671
Cap Rate 9%
$2,222,633
Alternative Uses
Best Use
Mixed Use
$2.86M
$2.50M – $3.33M
NOI $200,037 @ 7.0% cap · market cap 8.00%
Second Best
Retail
$2.41M
$2.11M – $2.81M
NOI $168,437 @ 7.0% cap · market cap 6.74%
Theoretical Best
Office A
$4.43M
$3.87M – $5.16M
NOI $309,872 @ 7.0% cap · market cap 12.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,352
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 - Substantial commercial building in an established pedestrian-oriented district near restaurants, retailers, galleries, and professional services.
Where is this mixed-use property located?
The property is located at 64 Maine Street Brunswick, ME.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Approximately 16,106 SF of gross building area; 64 Maine Street address in downtown Brunswick; Prominent street‑facing position within an established commercial setting
