Auto Shop with On-Site
For Sale
$549,999
847 Route 3, China, ME 04358
Commercial garage with multiple bays, equipment area, storage, and on-site parking.
Property Size3,700 SF
Price / SF$148.65
Days on Market146
Property Features for 847 Route 3
General Information
Standard status
Active
Size
3,700 SF
Property subtype
Commercial
Lease Term
[]
Additional Details
Road Access
Yes
Building Details
Year Built
1976
Listing Agency:
Coldwell Banker Realty
Listed By:
Anthony Loiko · License #BA915455
(207) 215-9466
Source:
Portsiderealestategroup
Added: May 23
Changed: Oct 11
Last Checked: Oct 14 at 11:26PM
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
This 3,700-square-foot commercial garage, built in 1976, is configured for automotive work with room for multiple bays, equipment, and storage. The property includes on-site parking for customers and staff, supporting day-to-day shop operations.
Located at 847 Route 3 in China, Maine, the building offers visibility along Route 3 and direct access to the surrounding roadway. Its garage configuration and existing parking provide a practical setting for an auto shop or similar trade use.
Located at 847 Route 3 in China, Maine, the building offers visibility along Route 3 and direct access to the surrounding roadway. Its garage configuration and existing parking provide a practical setting for an auto shop or similar trade use.
Key Highlights
- 3,700‑square‑foot commercial garage
- Built in 1976
- Multiple bays with equipment and storage areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,730
Cap Rate
6.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$714,600
$714.6K
Cap Rate 7%
$510,429
$510.4K
Cap Rate 9%
$397,000
$397.0K
Market Conditions
NOI Build-Up for 3,700 SF
Gross rent
$53.3K $14.40/SF
− Vacancy
−$2.2K −$0.60/SF
EGI
$51.0K $13.80/SF
− OpEx
−$15.3K −$4.14/SF
NOI
$35.7K $9.66/SF
Area
Kennebec County, ME
Vacancy
4.20%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$714,600
Cap Rate 7%
$510,429
Cap Rate 9%
$397,000
Alternative Uses
Best Use
Industrial
$4.55M
$3.98M – $5.30M
NOI $318,214 @ 7.0% cap · market cap 57.86%
Second Best
Retail
$510.4K
$446.6K – $595.5K
NOI $35,730 @ 7.0% cap · market cap 6.50%
Theoretical Best
Warehouse
$5.52M
$4.83M – $6.44M
NOI $386,403 @ 7.0% cap · market cap 70.26%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
4
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 04358, ME
4,373
Population
2,461
Households
1.8
Avg Household Size
46
Median Age
35%
College-Educated
96%
High-School Grad
49.8 sq mi
ZIP Area
88
Density / Sq Mi
$93,825
Median Household Income
$48,548
Median Earnings
$1,000
Median Rent
$234,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
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Similar Off Market Nearby
- S & T SERVICE INC — 847 ME-3, China, ME 04358
Frequently Asked Questions
What type of property is this?
Auto shop - Commercial garage with multiple bays, equipment area, storage, and on-site parking.
Where is this auto shop located?
The property is located at 847 Route 3 China, ME.
What is the asking price?
The asking price for this property is $549,999.
What are key features of this property?
This property features: 3,700‑square‑foot commercial garage; Built in 1976; Multiple bays with equipment and storage areas
