Building Details

Building Size 10,800 SF

Year Built 2003

Buildings 1

Listing Agency: EXP Realty m***@exprealty.net Show Phone

Listed By: Jamie Brennan Show Phone

Source: Hayesrealestate

Added: Sep 30 Changed: Oct 27 Last Checked: Oct 27 at 4:17AM

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Investment Insights

Based on property information with market context.

This flex property includes approximately 10,800 square feet of building space on 4.12 acres. Two open land areas sit on opposite sides of the building, with room for parking, equipment storage, vehicles, or inventory. The property is zoned UID and was built in 2003.

The site has 1,150 feet of frontage on Odlin Road in Bangor, with access to major transportation routes. Its established use has included truck, equipment, and industrial-related operations.

Key Highlights

• Approximately 10,800 square feet of building space
• 4.12‑acre property with UID zoning
• 1,150 feet of frontage on Odlin Road

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$93,140

Cap Rate

2.91%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,862,800 $1.9M

Cap Rate 7%

$1,330,571 $1.3M

Cap Rate 9%

$1,034,889 $1.0M

Is this asking price fair?

Market Conditions

NOI Build-Up for 10,800 SF

Gross rent

$151.6K $14.04/SF

− Vacancy

−$8.3K −$0.77/SF

EGI

$143.3K $13.27/SF

− OpEx

−$50.2K −$4.64/SF

NOI

$93.1K $8.62/SF

Area

Penobscot County, ME

Vacancy

5.50%

Lease Rate

$14.04 /SF/Yr

Expense Ratio

35.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,862,800

Cap Rate 7%

$1,330,571

Cap Rate 9%

$1,034,889

Alternative Uses

Best Use

Flex RnD

$1.33M

$1.16M – $1.55M (±1% cap)

NOI $93,140 @ 7.0% cap · market cap 2.91%

Second Best

Industrial

$908.8K

$795.2K – $1.06M (±1% cap)

NOI $63,617 @ 7.0% cap · market cap 1.99%

Theoretical Best

Office A

$3.49M

$3.05M – $4.07M (±1% cap)

NOI $244,166 @ 7.0% cap · market cap 7.63%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Coops Truck and Equipment ... Agricultural Supply

Suggested Use

Top Pick Grocery & Convenience Store Garden Center Barber Shop Home Appliance Store Computer & Electronic Repair Veterinary Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

156

Businesses Nearby

Well-served

Demand for This Use

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 Industrial in Northeast region

5.4% 2019

4.6% 2020

3.2% 2021

3.3% 2022

5.3% 2023

6.6% 2024

7.6% 2025

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Frequently Asked Questions

What type of property is this?

Flex space - Separate open areas beside the building can accommodate parking, equipment, vehicles, or inventory.

Where is this flex space located?

The property is located at 690 Odlin Road Bangor, ME.

What is the asking price?

The asking price for this property is $3,200,000.

What are key features of this property?

This property features: Approximately 10,800 square feet of building space; 4.12‑acre property with UID zoning; 1,150 feet of frontage on Odlin Road