Retail Space with
For Sale
$949,000
7 Springbrook Road, Turner, ME 04282
COMMERCIAL - Turner, ME
Property Size4,000 SF
Lot Size4.77 Acres
Price / SF$237.25
Days on Market68
Property Features for 7 Springbrook Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial 2
Parking features
Off Street
Interior features
Storage
Lot features
Other Location, Near Shopping, Rural
Standard status
Active
Size
4,000 SF
Lot size
4.77 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
4832
Utilities
Sewer type
Septic Tank, Private Sewer
Heating system
Radiant, Oil, Wood
Water source
Private, Well
Amenities
large, sun filled showroom
ample storage
Building Details
Year built
2005
Flooring type
Carpet
Building materials
Wood Frame, Vinyl Siding
Roof type
Shingle
Additional Structures
Storage
Listing Agency:
Keller Williams Realty
(207) 879-9800
Listed By:
Angela Lee
(207) 754-4221
Added: Jun 6
Changed: Aug 4
Last Checked: Aug 12 at 7:06AM
MLS# 1639799
Copyright © 2026 Maine Listings. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This retail space offers flexible layout options, including a large showroom area and interior storage. The building is wood frame with vinyl siding, with carpet flooring and a shingle roof. Heating options include wood, radiant, and oil. Off-street parking is available.
The property sits on 4.77+/- acres and includes a 4000+/- sq.ft building. It is located on Route 4, which can support visibility and customer access for retail and service-style uses.
Built in 2005, the property is served by private well water and septic tank/private sewer. Construction and site improvements support a retail-ready footprint for a range of businesses seeking dedicated showroom space and on-site storage.
The property sits on 4.77+/- acres and includes a 4000+/- sq.ft building. It is located on Route 4, which can support visibility and customer access for retail and service-style uses.
Built in 2005, the property is served by private well water and septic tank/private sewer. Construction and site improvements support a retail-ready footprint for a range of businesses seeking dedicated showroom space and on-site storage.
Key Highlights
- 4.77+/- acres with a 4000+/- sq.ft retail building
- Located on Route 4 for visibility and access
- Commercial 2 zoning
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
$41,832
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
4.41%
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%
$836,640
$836.6K
Cap Rate 7%
$597,600
$597.6K
Cap Rate 9%
$464,800
$464.8K
Market Conditions
NOI Build-Up for 4,000 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
$72.0K $18.00/SF
− Vacancy
−$12.2K −$3.06/SF
EGI
$59.8K $14.94/SF
− OpEx
−$17.9K −$4.48/SF
NOI
$41.8K $10.46/SF
Area
Androscoggin County, ME
Vacancy
17.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
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%
$836,640
Cap Rate 7%
$597,600
Cap Rate 9%
$464,800
Alternative Uses
Best Use
Retail
$597.6K
$522.9K – $697.2K
NOI $41,832 @ 7.0% cap · market cap 4.41%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$7.10M
$6.22M – $8.29M
NOI $497,301 @ 7.0% cap · market cap 52.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
38
Businesses Nearby
Explore this area
Business Placement
Demographics for 04282, ME
5,817
Population
2,431
Households
2.4
Avg Household Size
43
Median Age
19%
College-Educated
97%
High-School Grad
59.3 sq mi
ZIP Area
98
Density / Sq Mi
$87,981
Median Household Income
$39,625
Median Earnings
$588
Median Rent
$254,400
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?
Retail space - Retail building with showroom and storage on Route 4 in Commercial 2 zoning.
Where is this retail space located?
The property is located at 7 Springbrook Road Turner, ME.
What is the asking price?
The asking price for this property is $949,000.
What are key features of this property?
This property features: 4.77+/- acres with a 4000+/- sq.ft retail building; Located on Route 4 for visibility and access; Commercial 2 zoning
