Sign Up Successful!
You now have access to more from Realmo!
    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

    747 Minot Ave Auburn, ME 04210

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $10 SF/Yr ($4,666 /Mo)

    5,600 SF commercial space for rent in Auburn's business district.

    Property size:
    5,600 SF
    Lot size:
    2.54 Acres

    Property Features for 747 Minot Ave

    General Information

    Size
    5,600 SF
    Lot size
    2.54 Acres

    We can help!

    Listing Contact
    Kevin Fletcher, CCIM
    Source: Moodyscre

    Listing Agency: KW Commercial Greater Portland Listing Agent: Kevin Fletcher, CCIM

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Prime Auburn Commercial Space Available

    This 5,600 square foot commercial property is available for rent at 747 Minot Ave in Auburn. Situated on a busy commercial corridor, the property offers visibility and accessibility, making it suitable for retail, industrial, distribution, or mixed-use redevelopment. The unit was previously occupied by Fastenal, an industrial supply distributor, attracting weekday business from contractors, tradespeople, and commercial clients. The surrounding area includes established businesses, automotive services, and retail, contributing to a vibrant commercial environment. The location benefits from an average daily traffic count of approximately 13,140 vehicles, providing exposure for businesses. This property presents potential in Auburn's business district.
    Location Intelligence

    Current Use by Public Records

    A-Plus Auto Repair Auto Repair Shop Canna Source of Maine Herb Shop Fastenal Fulfillment Center ... Manufacturer Fastenal Fulfillment Center Manufacturer The Creative Edge Tattoo ... Tattoo And Piercing Shop

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Dental Office Wholesale Shop 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
    Auburn
    County
    Androscoggin
    State
    Maine
    Longitude
    -70.2575777
    Latitude
    44.0822724

    Nearby Similar for Lease

    • $18 SF/Yr
      1,340 SF

      New Mixed-Use Retail Spaces

      New retail and restaurant spaces in mixed-use building.
      186 Main St, Auburn, ME 04210
      View Details
    • $9 SF/Yr
      102,000 SF

      Auburn Warehouse: 42,000 SF Available

      Modern industrial space, prime location, immediate occupancy.
      115 Logistics Dr, Auburn, ME 04210
      View Details
    • $8 SF/Yr
      30,000 SF

      Auburn Industrial Flex Space

      30,000 SF Flex Warehouse, Auburn, ME
      385 Rodman Rd, Auburn, ME 04210
      View Details
    • Contact for pricing
      23,100 SF

      Hobby Lobby Plaza Retail Space

      Auburn, ME Retail Center - Multiple Spaces Available
      65 Mount Auburn Ave, Auburn, ME 04210
      View Details
    • $8 SF/Yr
      123,359 SF

      Lewiston Junction Road Office/Warehouse

      Multi-use space, flexible layouts, ample parking.
      586 Lewiston Junction Rd, Auburn, ME 04210
      View Details
    • $5 SF/Yr
      8,856 SF

      Prime Auburn Executive Office Space

      8,856 SF Office Building - For Sale/Lease
      187 Washington St, Auburn, ME 04210
      View Details
    • $9 SF/Yr
      12,000 SF

      Industrial Building in Kittyhawk Park

      12,000 SF industrial property near I-95.
      234 First Flight Dr, Auburn, ME 04210
      View Details
    • $195,000
      744 SF

      New Auburn Flex Space Available

      Versatile commercial space, ideal for contractors and storage.
      9 Hutchins St, Auburn, ME 04210
      View Details
    • $8 SF/Yr
      344,369 SF

      Auburn Mall Retail/Office Space

      Prime Auburn location, 59,941 SF available
      550 Center St, Auburn, ME 04210
      View Details
    • $12 SF/Yr
      2,765 SF

      Auburn Industrial Build-Out Opportunity

      Office space suitable for industrial, warehouse, or distribution purposes.
      306 Rodman Rd, Auburn, ME 04210
      View Details
    • $9 SF/Yr
      102,000 SF

      Industrial/Warehouse Space Near Turnpike

      Industrial/warehouse space with loading docks and drive-in doors available for lease.
      115 Logistics Dr, Auburn, ME 04210
      View Details
    • $15 SF/Yr
      17,817 SF

      Downtown Auburn Office Space

      1,700 SF Office, High Visibility
      79 Main St, Auburn, ME 04210
      View Details

    FAQs

    What type of property is this?
    Retail space - 5,600 SF commercial space for rent in Auburn's business district.
    Where is this retail space located?
    The property is located at 747 Minot Ave Auburn, ME.
    What is the lease rate?
    The lease rate is $10 SF/Yr.
    What are key features of this property?
    This property features: - High-visibility location on a busy commercial corridor (Minot Ave) with approximately 13,140 vehicles daily.; - Large 5,600SF space suitable for retail, industrial, distribution, or mixed-use redevelopment.; - Proven commercial location previously occupied by Fastenal, a national industrial supply distributor.
    (207) 754-9311
    Request Owner's contact information
    747 Minot Ave Auburn, ME 04210
    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.
    747 Minot Ave
    Auburn, ME 04210
    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
    747 Minot Ave Auburn, ME 04210
    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

    We can help!
    Listing Contact
    Kevin Fletcher, CCIM
    (207) 754-9311
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.