Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    700 Main St Bangor, ME 4401

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $15 SF/Yr

    Class A office space for rent with planned renovations.

    Type:OFFICE
    Property size:
    3,927 SF
    Lot size:
    0.88 Acres
    Added:
    Jul 1, 2025
    Days on Market:
    276
    Last Refresh:
    Mar 25 at 10:41 pm

    Property Features for 700 Main St

    General Information

    Standard status
    Active
    Size
    3,927 SF
    Lot size
    0.88 Acres
    Property subtype
    OFFICE

    Spaces For Lease

    at 700 Main St Contact us

    We can help!

    Listing Contact
    Carol Epstein

    Listing agent Carol Epstein

    Listing office Epstein Commercial Real Estate

    Listing date Jul 1, 2025

    Source Moodyscre

    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 Epstein Commercial Real Estate

    Overview

    Renovated Class A Office Space

    This Class A office space, with an estimated availability of January 2026, is planned to undergo a complete renovation. The newly renovated interior will include a redesigned HVAC system, ADA-compliant restrooms, a hung 2x2 ceiling, LED lighting, and fresh paint and flooring with colors selected by the tenant. Limited layout changes to meet the tenant’s needs can also be accommodated. The property offers 3,927 square feet of space and is located at 700 Main St, Bangor, ME. The rental rate is $15.50 per square foot plus electricity, estimated at $1.75 per square foot. The property features separately metered natural gas.
    Location Intelligence

    Current Use by Public Records

    Webber Group Gas Station Acadia Labor Solutions Law Firm Smet Monuments General Contractor Heart of Maine United ... Charitable Organization Jon Hutchins NMLS ... Loan Service

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bangor
    County
    Penobscot
    State
    Maine
    Longitude
    -68.7807
    Latitude
    44.7824

    Nearby Similar for Lease

    • Sponsored
      Contact for pricing

      ME, Bangor - Main Street

      700 Main St, Unit 3, Bangor, ME 04401
      View Details
    • $12/mo

      Customizable Office Space Available

      4,000 SF office space with customization options for rent.
      676 Broadway, Bangor, ME
      View Details
    • $14/mo

      Retail Space in Stillwater Avenue

      In-line retail space with central AC and garage access.
      1008-1026 Stillwater Ave, Bangor, ME
      View Details
    • $15/mo

      Class A Office Space Bangor

      Multiple office suites for lease in downtown Bangor.
      80 Exchange Street, Bangor, ME
      View Details
    • $12/mo

      Flexible Office Space Available

      Non-profit incubator and office space for rent.
      262 Harlow St, Bangor, ME
      View Details
    • Contact for pricing

      Freestanding Office Building For Rent

      Freestanding office building with ample parking and natural light.
      56 Banair Rd, Bangor, ME
      View Details
    • Contact for pricing

      Office Suite with On-Site Parking

      1,087 SF office suite available for rent.
      175 Exchange St, Bangor, ME
      View Details
    • $189/mo

      Modernized Retail Space with Parking

      High-traffic retail space with parking and customizable interior.
      200 State St, Bangor, ME 04401
      View Details
    • $240/mo

      Retail/Office Space on Hammond Street

      First-floor retail/office space with high visibility and included heat.
      584 Hammond St Bangor ME, Bangor, ME 04401
      View Details
    • Contact for pricing

      Retail Space Near Bangor Mall

      Retail spaces available in multi-phased development near Bangor Mall.
      570 Stillwater Ave, Bangor, ME
      View Details
    • $246/mo

      Move-In Ready Office/Retail Suite

      Versatile suite with utilities included, prime location near hospital.
      205 Center St Bangor Maine, Bangor, ME 04401
      View Details
    • $15/mo

      Bangor Office Space For Rent

      Two-story office building near downtown and waterfront.
      40 Summer Street, Bangor, ME
      View Details

    FAQs

    What type of property is this?
    Office units - Class A office space for rent with planned renovations.
    Where is this office units located?
    The property is located at 700 Main St Bangor, ME.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: Class A office space undergoing complete renovation.; Newly renovated interior features modern HVAC, ADA restrooms, and LED lighting.; Tenant can select paint and flooring colors.
    (207) 945-6222
    We can help!
    Listing Contact
    Carol Epstein
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!