Mixed-Use Property with Streamfront
For Sale
$549,000
77 Main Street, Bradley, ME 04411
Commercial Sale, Bradley, ME
Property Size2,704 SF
Lot Size1.16 Acres
Price / SF$203.03
Days on Market53
Property Features for 77 Main Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Interior features
Storage
Basement
Crawl Space
Lot features
Waterfront
Standard status
Active
Size
2,704 SF
Lot size
1.16 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
3301
Utilities
Sewer type
Private Sewer
Heating system
Heat Pump (Heating), Electric (Heating), Baseboard
Cooling system
Heat Pump
Water source
Public
Water front features
Stream
Amenities
waterfront camper hookup sites
garage
Building Details
Year built
1870
Flooring type
Wood, Tile
Building materials
Wood Frame, Vinyl Siding
Roof type
Metal
Additional Structures
Storage
Listing Agency:
CENTURY 21 Queen City Real Estate · Century 21 Real Estate
(207) 942-4618
Listed By:
Cameron Burpee
(207) 951-7452
Added: Jul 18
Changed: Sep 5
Last Checked: Sep 8 at 11:06AM
MLS# 1661361
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.
Located at 77 Main Street in Bradley, Maine, this 2,704-square-foot mixed-use property combines residential, commercial, and outdoor components. The building dates to 1870 and includes two rented residential units plus a separate commercial area. Interior finishes include wood and tile flooring, while storage is also provided. Construction is wood frame with vinyl siding and a metal roof. Heating is supplied by electric baseboard and heat pump systems, with heat pump cooling.
The 1.16-acre commercial-zoned parcel includes four waterfront camper hookup sites, a large parking lot, and a garage. The property is served by public water and a private sewer system, with a stream among its waterfront features. Its existing layout supports a combination of residential occupancy, commercial use, and site-based amenities.
The 1.16-acre commercial-zoned parcel includes four waterfront camper hookup sites, a large parking lot, and a garage. The property is served by public water and a private sewer system, with a stream among its waterfront features. Its existing layout supports a combination of residential occupancy, commercial use, and site-based amenities.
Key Highlights
- 2,704‑square‑foot mixed‑use property on 1.16 acres
- Two rented residential units plus a separate commercial space
- Four waterfront camper hookup sites
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
$36,836
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
6.71%
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%
$736,720
$736.7K
Cap Rate 7%
$526,229
$526.2K
Cap Rate 9%
$409,289
$409.3K
Market Conditions
NOI Build-Up for 2,704 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
$51.3K $18.96/SF
− Vacancy
−$2.2K −$0.80/SF
EGI
$49.1K $18.16/SF
− OpEx
−$12.3K −$4.54/SF
NOI
$36.8K $13.62/SF
Area
Penobscot County, ME
Vacancy
4.20%
Lease Rate
$18.96 /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%
$736,720
Cap Rate 7%
$526,229
Cap Rate 9%
$409,289
Alternative Uses
Best Use
Specialty Retail
$526.2K
$460.5K – $613.9K
NOI $36,836 @ 7.0% cap · market cap 6.71%
Second Best
Multifamily LT 5
$354.0K
$309.8K – $413.0K
NOI $24,781 @ 7.0% cap · market cap 4.51%
Theoretical Best
Office A
$873.3K
$764.2K – $1.02M
NOI $61,132 @ 7.0% cap · market cap 11.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
34
Businesses Nearby
Explore this area
Business Placement
Demographics for 04411, ME
1,532
Population
687
Households
2.2
Avg Household Size
45
Median Age
24%
College-Educated
95%
High-School Grad
49.5 sq mi
ZIP Area
31
Density / Sq Mi
$68,929
Median Household Income
$40,685
Median Earnings
$1,069
Median Rent
$190,600
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two residential units accompany commercial space, camper hookups, parking, and a garage on a 1.16-acre commercial parcel.
Where is this mixed-use property located?
The property is located at 77 Main Street Bradley, ME.
What is the asking price?
The asking price for this property is $549,000.
What are key features of this property?
This property features: 2,704‑square‑foot mixed‑use property on 1.16 acres; Two rented residential units plus a separate commercial space; Four waterfront camper hookup sites
