Lebanon Commercial Space For
For Sale
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826 Carl Broggi Hwy, Lebanon, ME 04027
10,000± SF commercial space in Lebanon, Maine available for sale.
Property Size10,000 SF
Price / SF$179
Days on Market731
Property Features for 826 Carl Broggi Hwy
General Information
Standard status
Active
Size
10,000 SF
Property subtype
Industrial, Land
Zoning
GPD
Listing Agency:
The Boulos Company
(603) 427-1333
Listed By:
Katherine Gemmecke · License #NH 075327
Source:
Crexi
Added: Aug 8, 2024
Changed: Aug 8
Last Checked: May 12 at 8:33PM
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 The Boulos Company
Investment Insights
Based on property information with market context.
The property at 826 Carl Broggi Highway, Lebanon, Maine, features 10,000± SF of commercial space available for sale or lease. Building 1 offers 5,000± SF of commercial space, while Building 2 provides 5,000± SF of industrial space. The location in Lebanon, York County, offers a commercial real estate investment opportunity. Its location near the New Hampshire border provides access to Route 202 and Route 11, offering connectivity to Sanford, Portsmouth, and Dover. The area's growing population, affordable property prices, and supportive local government may be suitable for new businesses, retail developments, and industrial ventures.
Key Highlights
- 10,000± SF of commercial space available for sale or lease.
- Two buildings: one with 5,000± SF of commercial space, and another with 5,000± SF of industrial space.
- Strategic location in Lebanon, Maine, near the New Hampshire border.
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
$140,185
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
7.83%
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%
$2,803,700
$2.8M
Cap Rate 7%
$2,002,643
$2.0M
Cap Rate 9%
$1,557,611
$1.6M
Market Conditions
NOI Build-Up for 10,000 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
$219.6K $21.96/SF
− Vacancy
−$3.9K −$0.39/SF
EGI
$215.7K $21.57/SF
− OpEx
−$75.5K −$7.55/SF
NOI
$140.2K $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 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%
$2,803,700
Cap Rate 7%
$2,002,643
Cap Rate 9%
$1,557,611
Alternative Uses
Best Use
Flex RnD
$2.00M
$1.75M – $2.34M
NOI $140,185 @ 7.0% cap · market cap 7.83%
Second Best
Warehouse
$1.79M
$1.57M – $2.09M
NOI $125,218 @ 7.0% cap · market cap 7.00%
Theoretical Best
Office A
$3.17M
$2.77M – $3.70M
NOI $221,897 @ 7.0% cap · market cap 12.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
16
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 04027, ME
6,469
Population
2,654
Households
2.4
Avg Household Size
42
Median Age
13%
College-Educated
93%
High-School Grad
55.0 sq mi
ZIP Area
118
Density / Sq Mi
$97,257
Median Household Income
$50,192
Median Earnings
$1,237
Median Rent
$310,000
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - 10,000± SF commercial space in Lebanon, Maine available for sale.
Where is this flex space located?
The property is located at 826 Carl Broggi Hwy Lebanon, ME.
What is the asking price?
The asking price for this property is $1,790,000.
What are key features of this property?
This property features: 10,000± SF of commercial space available for sale or lease.; Two buildings: one with 5,000± SF of commercial space, and another with 5,000± SF of industrial space.; Strategic location in Lebanon, Maine, near the New Hampshire border.
