92 Route 236, Berwick, ME 03901

Building Details

Building Size 2,753 SF More

Year Built 2021 More

Listing Agency: KW Coastal and Lakes & Mountains Realty

Listed By: Patrick Frazer · License #073449 Show Phone

Source: Elliman

Added: Sep 18 Changed: Oct 27 Last Checked: Nov 6 at 10:28AM

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

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Investment Insights

Based on property information with market context.

Built in 2021, this flex property combines a two-bay commercial building with a connected two-bedroom home. The commercial structure is designed for industrial and business operations, including automotive-related use, and has overhead doors on both sides to support vehicle and equipment movement through the building.

The property occupies a 1.1+ acre lot along Route 236 in Berwick, with a near-square layout that provides room for parking, storage, or future expansion. The attached residence offers an on-site living option, rental use, or staff housing. Maintained front and rear yards provide separation between the home and the commercial area.

Key Highlights

• 2021 construction
• Two‑bay commercial building with 14' x 14' overhead doors on each side
• 1.1+ acre lot with a near‑square footprint

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$38,593

Cap Rate

5.15%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$771,860 $771.9K

Cap Rate 7%

$551,329 $551.3K

Cap Rate 9%

$428,811 $428.8K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,753 SF

Gross rent

$60.5K $21.96/SF

− Vacancy

−$1.1K −$0.39/SF

EGI

$59.4K $21.57/SF

− OpEx

−$20.8K −$7.55/SF

NOI

$38.6K $14.02/SF

Area

York County, ME

Vacancy

1.79%

Lease Rate

$21.96 /SF/Yr

Expense Ratio

35.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$771,860

Cap Rate 7%

$551,329

Cap Rate 9%

$428,811

Alternative Uses

Best Use

Flex RnD

$551.3K

$482.4K – $643.2K (±1% cap)

NOI $38,593 @ 7.0% cap · market cap 5.15%

Second Best

Mixed Use

$488.5K

$427.4K – $569.9K (±1% cap)

NOI $34,192 @ 7.0% cap · market cap 4.56%

Theoretical Best

Office A

$872.7K

$763.6K – $1.02M (±1% cap)

NOI $61,088 @ 7.0% cap · market cap 8.15%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Flex space

Suggested Use

Top Pick Big Box & Wholesale Store (Bike/Boat/Book/etc) Store Acupuncture Pet Store Cosmetic Store

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

2

Drive-in doors

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

45

Businesses Nearby

Balanced

Demand for This Use

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

Average Price Trend$/SF for Flex space in York County, ME

$146 Jul

$148 Aug

$172 Sep

$173 Oct

Properties on Market for Flex space in York County

Jul

Aug

Sep

Oct

Vacancy Rate% for Industrial in Northeast region

5.4% 2019

4.6% 2020

3.2% 2021

3.3% 2022

5.3% 2023

6.6% 2024

7.6% 2025

Similar For Sale Nearby

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Mixed-Use Property with Drive-Through Access

92 ME-236 Highway, Berwick, ME 03901

$750,000

2,753 SF

View details

Seasonal Restaurant Business

6 School Street, Berwick, ME 03901

$300,000

1,875 SF

View details

Frequently Asked Questions

What type of property is this?

Flex space - Connected two-bedroom residence adds on-site living or staff housing flexibility.

Where is this flex space located?

The property is located at 92 Route 236 Berwick, ME.

What is the asking price?

The asking price for this property is $750,000.

What are key features of this property?

This property features: 2021 construction; Two‑bay commercial building with 14' x 14' overhead doors on each side; 1.1+ acre lot with a near‑square footprint