Turnkey Restaurant and Bar
For Sale
Contact for pricing
Pending
7 Dunlap St, Brunswick, ME 04011
Standalone downtown restaurant and bar with fully equipped kitchen, bar, and included FF&E for immediate operation.
Property Size4,635 SF
Days on Market601
Property Features for 7 Dunlap St
General Information
Standard status
Pending
Size
4,635 SF
Property subtype
RETAIL
Additional Details
Furnished
Yes
Listing Agency:
Fishman Realty Group, Inc.
(207) 775-6561
Listed By:
Marc R. Fishman · License #BA901721
(207) 671-6272
Source:
Moodyscre
Added: Feb 3, 2025
Changed: Sep 10
Last Checked: Sep 26 at 9:18AM
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 Fishman Realty Group, Inc.
Investment Insights
Based on property information with market context.
This standalone building offers a turnkey restaurant and bar setup with a fully equipped kitchen, bar, and included FF&E, including furniture and fixtures. The property was fully renovated about six years ago from a former bowling alley and features new building systems and top-quality finishes, along with modern, well-maintained infrastructure.
Located in Downtown Brunswick, ME, the building is described as being just half a block from Main Street and positioned among local businesses in a high-traffic downtown area.
For buyers evaluating alternatives, the public remarks note flexible zoning and adaptive reuse possibilities, including mixed-use residential and commercial development. The building size is 4,635 square feet.
Located in Downtown Brunswick, ME, the building is described as being just half a block from Main Street and positioned among local businesses in a high-traffic downtown area.
For buyers evaluating alternatives, the public remarks note flexible zoning and adaptive reuse possibilities, including mixed-use residential and commercial development. The building size is 4,635 square feet.
Key Highlights
- 4,635 SF stand‑alone downtown building in Brunswick, located about half a block from Main Street
- Previously a bowling alley; fully renovated about 6 years ago with brand‑new building systems and top‑quality finishes
- Fully equipped kitchen and bar designed for a restaurant and bar setup
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
$51,935
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
6.50%
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%
$1,038,700
$1.0M
Cap Rate 7%
$741,929
$741.9K
Cap Rate 9%
$577,056
$577.1K
Market Conditions
NOI Build-Up for 4,635 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
$83.4K $18.00/SF
− Vacancy
−$14.2K −$3.06/SF
EGI
$69.2K $14.94/SF
− OpEx
−$17.3K −$3.74/SF
NOI
$51.9K $11.21/SF
Area
Cumberland County, ME
Vacancy
17.00%
Lease Rate
$18.00 /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%
$1,038,700
Cap Rate 7%
$741,929
Cap Rate 9%
$577,056
Alternative Uses
Best Use
Specialty Retail
$741.9K
$649.2K – $865.6K
NOI $51,935 @ 7.0% cap · market cap 6.50%
Second Best
Industrial
$423.7K
$370.8K – $494.3K
NOI $29,660 @ 7.0% cap · market cap 3.71%
Theoretical Best
Office A
$1.27M
$1.11M – $1.49M
NOI $89,175 @ 7.0% cap · market cap 11.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,352
Businesses Nearby
Under-served
Demand for This Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Standalone downtown restaurant and bar with fully equipped kitchen, bar, and included FF&E for immediate operation.
Where is this conventional restaurant located?
The property is located at 7 Dunlap St Brunswick, ME.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: 4,635 SF stand‑alone downtown building in Brunswick, located about half a block from Main Street; Previously a bowling alley; fully renovated about 6 years ago with brand‑new building systems and top‑quality finishes; Fully equipped kitchen and bar designed for a restaurant and bar setup
