Fully Equipped
For Sale
$399,900
Confidential, Bangor, ME 00000
Commercial Sale, Bangor, ME
Property Size4,815 SF
Price / SF$83.05
Days on Market10
Property Features for Confidential
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
General Commercial
Lot features
Business District, Near Shopping, Retail Strip
Standard status
Active
Size
4,815 SF
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
2019
Listing Agency:
Realty of Maine
(207) 942-6310
Listed By:
Norman {Jay} Peavey
(207) 478-0084
Added: Aug 13
Changed: Aug 19
Last Checked: Aug 22 at 6:06PM
MLS# 1676147
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.
This restaurant property encompasses 4,815 square feet in a 2019-built facility. The sale includes the furniture and kitchen equipment, providing an existing physical setup for continued restaurant operations. The property is zoned General Commercial and is located in the Bangor area of Penobscot County, Maine.
Public water and public sewer serve the property. Its existing restaurant configuration and included equipment support a buyer seeking a furnished food-service location with core operating components already in place.
Public water and public sewer serve the property. Its existing restaurant configuration and included equipment support a buyer seeking a furnished food-service location with core operating components already in place.
Key Highlights
- 4,815 square feet of restaurant space
- Built in 2019
- Furniture and kitchen equipment convey with the sale
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
$28,363
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
7.09%
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%
$567,260
$567.3K
Cap Rate 7%
$405,186
$405.2K
Cap Rate 9%
$315,144
$315.1K
Market Conditions
NOI Build-Up for 4,815 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
$43.3K $9.00/SF
− Vacancy
−$2.8K −$0.59/SF
EGI
$40.5K $8.42/SF
− OpEx
−$12.2K −$2.52/SF
NOI
$28.4K $5.89/SF
Area
Penobscot County, ME
Vacancy
6.50%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
30.00%
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%
$567,260
Cap Rate 7%
$405,186
Cap Rate 9%
$315,144
Alternative Uses
Best Use
Specialty Retail
$937.1K
$819.9K – $1.09M
NOI $65,594 @ 7.0% cap · market cap 16.40%
Second Best
Industrial
$405.2K
$354.5K – $472.7K
NOI $28,363 @ 7.0% cap · market cap 7.09%
Theoretical Best
Office A
$1.56M
$1.36M – $1.81M
NOI $108,858 @ 7.0% cap · market cap 27.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,923
Businesses Nearby
35k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 51%
Dining 49%
Dunkin' Donuts
Dining
14,401 visits/mo
0.5 miles
Dollar Tree
Shops & Services
8,423 visits/mo
0.1 miles
Family Dollar
Shops & Services
4,938 visits/mo
0.5 miles
TD Bank
Shops & Services
2,813 visits/mo
0.5 miles
Domino's Pizza
Dining
2,782 visits/mo
0.1 miles
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Established restaurant property with conveyed furnishings, kitchen equipment, and commercial utility services.
Where is this conventional restaurant located?
The property is located at Confidential Bangor, ME.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: 4,815 square feet of restaurant space; Built in 2019; Furniture and kitchen equipment convey with the sale
