Building Details

Year built 1976

Flooring type Tile, Concrete

Building materials Metal Clad

Roof type Metal

Listing Agency: Coldwell Banker Realty · Coldwell Banker Real Estate j***@nemoves.com Show Phone

Listed By: Anthony Loiko Show Phone

Added: Jul 11 Changed: Oct 19 Last Checked: Oct 22 at 12:06AM

Report an Issue

MLS# 1665329

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.

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This 3,700-square-foot auto shop sits on 1.42 acres and was built in 1976. The metal-clad building has concrete and tile flooring, a metal roof, and propane forced-air heating. Water is supplied by a private well, and the property uses a private septic system. Zoning is designated OUT.

The property is at 847 Route 3 in China, Maine, with on-site parking. Its garage configuration is suited to automotive service or a similar trade, with space for equipment and storage.

Key Highlights

• 3,700‑square‑foot auto shop on 1.42 acres
• Located at 847 Route 3 in China, Maine
• Metal‑clad construction with metal roof

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

Is this asking price fair?

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 (±1% cap)

NOI $318,214 @ 7.0% cap · market cap 57.86%

Second Best

Retail

$510.4K

$446.6K – $595.5K (±1% cap)

NOI $35,730 @ 7.0% cap · market cap 6.50%

Theoretical Best

Warehouse

$5.52M

$4.83M – $6.44M (±1% cap)

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

Contact the owner directly Get the owner's phone numbers and email

Open Analytics

Current Use

Auto shops

Suggested Use

Top Pick Auto Repair Shop (Bike/Boat/Book/etc) Store Hair Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

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

Market

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

Similar For Sale Nearby

See more

Multifamily Property with Garage Apartment

147 Dirigo Road, China, ME 04358

$749,900

2,806 SF

View details

Waterfront Restaurant with Docks

1380 Lakeview Drive, China, ME 04358

$1,100,000

1,837 SF

View details

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 - A flexible garage layout offers room for vehicle service, equipment, and storage, with 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 auto shop on 1.42 acres; Located at 847 Route 3 in China, Maine; Metal‑clad construction with metal roof