Live-Work Automotive Service
For Sale
$785,000
92 ME-236, Berwick, ME 03901
COMMERCIAL - Berwick, ME
Property Size2,165 SF
Lot Size1.10 Acres
Price / SF$362.59
Days on Market29
Property Features for 92 ME-236
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
RC/I
Rooms
Basement
Parking features
Off Street
Basement
Unfinished, Full
Lot features
Other Location
Standard status
Active
Size
2,165 SF
Lot size
1.10 Acres
Utilities
Sewer type
Holding Tank, Public Sewer, Private Sewer
Heating system
Heat Pump (Heating), Radiant, Wood Stove, Wood, Pellet Stove, Natural Gas, Electric (Heating), Baseboard
Cooling system
Heat Pump
Water source
Public
Building Details
Year built
1971
Flooring type
Vinyl, Carpet
Building materials
Steel Frame, Wood Frame, Vinyl Siding
Roof type
Shingle
Listing Agency:
Century 21 North East · Century 21 Real Estate
(800) 844-7653
Listed By:
Linda Pratt
(207) 337-0199
Added: Jul 14
Changed: Aug 4
Last Checked: Aug 11 at 9:06PM
MLS# 1666596
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.
The property combines a residential ranch home with a commercial service facility designed for vehicle and equipment repair. The commercial building was constructed in 2021 and is configured as a service and repair shop with high-bay overhead doors, radiant heat setup, office space, two bathrooms, mini-split cooling, and a finished utility area. An adjustable vehicle lift is also included, supported by an attached office and service layout that can support automotive, trailer, equipment, or light industrial operations. Additional site improvements include a shed and storage container.
The mixed-use setup is located on heavily traveled Route 236 in Berwick, offering visibility and convenient access to Berwick, South Berwick, Dover, and Portsmouth. The offering sits on approximately 1.1± acres and includes both a business driveway area and an attached garage for the residence.
For owner-operators and tradespeople, the configuration supports on-site business use while maintaining separate residential living. Buyers seeking a live-work arrangement will find a turnkey foundation for continuing a repair operation or adapting the shop space to related services, with the added benefit of an on-property home and flexible facility improvements.
The mixed-use setup is located on heavily traveled Route 236 in Berwick, offering visibility and convenient access to Berwick, South Berwick, Dover, and Portsmouth. The offering sits on approximately 1.1± acres and includes both a business driveway area and an attached garage for the residence.
For owner-operators and tradespeople, the configuration supports on-site business use while maintaining separate residential living. Buyers seeking a live-work arrangement will find a turnkey foundation for continuing a repair operation or adapting the shop space to related services, with the added benefit of an on-property home and flexible facility improvements.
Key Highlights
- Mixed‑use property on Route 236 in Berwick, combining a residence and a commercial trailer repair/service shop.
- Commercial shop built in 2021 with approx. 2,155 SF, configured as a service and repair facility with high‑bay overhead doors.
- Shop includes radiant heat setup, office space, two bathrooms, mini‑split cooling, finished utility area, and an adjustable vehicle lift.
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
$35,463
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
4.52%
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%
$709,260
$709.3K
Cap Rate 7%
$506,614
$506.6K
Cap Rate 9%
$394,033
$394.0K
Market Conditions
NOI Build-Up for 2,165 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
$54.0K $24.96/SF
− Vacancy
−$6.8K −$3.12/SF
EGI
$47.3K $21.84/SF
− OpEx
−$11.8K −$5.46/SF
NOI
$35.5K $16.38/SF
Area
York County, ME
Vacancy
12.50%
Lease Rate
$24.96 /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%
$709,260
Cap Rate 7%
$506,614
Cap Rate 9%
$394,033
Alternative Uses
Best Use
Office B
$506.6K
$443.3K – $591.1K
NOI $35,463 @ 7.0% cap · market cap 4.52%
Second Best
Apartment 5plus
$478.0K
$418.2K – $557.7K
NOI $33,459 @ 7.0% cap · market cap 4.26%
Theoretical Best
Office A
$686.3K
$600.5K – $800.7K
NOI $48,041 @ 7.0% cap · market cap 6.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
45
Businesses Nearby
Explore this area
Business Placement
Demographics for 03901, ME
7,937
Population
3,617
Households
2.2
Avg Household Size
40
Median Age
35%
College-Educated
96%
High-School Grad
37.5 sq mi
ZIP Area
212
Density / Sq Mi
$77,790
Median Household Income
$53,333
Median Earnings
$1,237
Median Rent
$331,300
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Live-work space - A 2021-built repair shop with office and lift, paired with a two-bedroom residence on Route 236.
Where is this live-work space located?
The property is located at 92 ME-236 Berwick, ME.
What is the asking price?
The asking price for this property is $785,000.
What are key features of this property?
This property features: Mixed‑use property on Route 236 in Berwick, combining a residence and a commercial trailer repair/service shop.; Commercial shop built in 2021 with approx. 2,155 SF, configured as a service and repair facility with high‑bay overhead doors.; Shop includes radiant heat setup, office space, two bathrooms, mini‑split cooling, finished utility area, and an adjustable vehicle lift.
