Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Cleared In-Town Mixed-Use Lot Title is generated by Realmo AI

    Mill Street, Brunswick, ME 04011

    View on Map
    Claim this Listing
    For Sale
    $199,000

    LAND - Brunswick, ME

    Lot size:
    0.17 Acres
    Added:
    Apr 13, 2026
    Days on Market:
    31
    Last Refresh:
    May 13 at 8:06 pm

    Property Features for Mill Street

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    GM6 Growth Mixed Use
    Parking features
    Driveway, Other
    Standard status
    Active
    Lot size
    0.17 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    1044

    We can help!

    Listing Contact
    Amy Cartmell

    Listing agent Amy Cartmell

    Listing office Keller Williams Realty 185 Lower Main St, Portland, ME

    Listing date Apr 13, 2026

    MLS# 1646925 Listing URL

    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.

    HighLights

    • Fully cleared, in‑town lot ready for development.
    • Mixed‑use zoning allows for storefront/office space and apartments.
    • Approved for a 9‑unit apartment complex (previously).
    • Can be built to the property line with no setbacks.
    • Up to 3 stories in height (up to 40 feet).
    • Public sewer, water, and CMP power lines are curbside.

    Overview

    This cleared in-town lot is suitable for builders and developers. According to the town of Brunswick, the mixed-use lot can be built out to the property line with no setbacks, and up to three stories in height, not exceeding 40 feet. The lot was previously approved for a 9-unit apartment complex. The mixed-use zoning allows for options such as storefront or office space on the first floor, with apartments on the second and third floors. Public sewer and water are curbside, and CMP power lines are available. The 10-foot ROW from the south side of the property has been removed. The lot size is 0.17 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Brunswick
    County
    Cumberland
    State
    Maine
    Longitude
    -69.972326
    Latitude
    43.917382

    Nearby Similar for Sale

    • $875,000
      4,635 SF

      Downtown Brunswick Restaurant/Redevelopment Opportunity

      Turnkey restaurant and bar or redevelopment opportunity in downtown Brunswick.
      7 Dunlap Street, Brunswick, ME 04011
      View Details
    • $775,000
      900 SF

      Iconic Brunswick Drive-In Restaurant

      Turnkey drive-in restaurant in high-traffic Brunswick retail corridor.
      111 Bath Road, Brunswick, ME 04011
      View Details
    • $1,095,000
      8,624 SF

      Multi-Level Office Building in Brunswick

      Well-maintained office building with income potential near Route One.
      22 Parkers Way, Brunswick, ME 04011
      View Details
    • $550,000

      Commercial Lots in Cook's Corner

      Two commercial lots in a qualified opportunity zone.
      Farley Road lot: #11&12, Brunswick, ME 04011
      View Details
    • $745,000
      2,080 SF

      Brunswick Multifamily Building with Development Potential

      Two-unit building with land for development near downtown Brunswick.
      5 Weymouth Street, Brunswick, ME 04011
      View Details
    • $500,000
      1,920 SF

      Brunswick Duplex in Douglas Park

      Desirable Brunswick duplex with strong rental potential near downtown.
      40 Belmont Street, Brunswick, ME 04011
      View Details
    • $349,900
      118,919 SF

      Brunswick Land Redevelopment Opportunity

      2.73 acre vacant land parcel in Brunswick Landing redevelopment.
      Allagash Drive, Brunswick, ME 04011
      View Details
    • $550,000

      Prime Land in Cook's Corner

      Two lots in Brunswick's Cook's Corner, high visibility, development potential.
      Farley Road lot: #11&12, Brunswick, ME 04011
      View Details
    • $349,900

      Brunswick Land Redevelopment Opportunity

      2.73 acre vacant land parcel in Brunswick Landing.
      Allagash Drive, Brunswick, ME 04011
      View Details
    • $299,900

      Brunswick Land Subdivision Potential

      7 acre Brunswick land parcel suitable for subdivision and development.
      42b Greystone Lane, Brunswick, ME 04011
      View Details
    • $142,900

      Brunswick Land in Established Development

      Build-ready lot in desirable Brunswick location with utilities.
      2 Remington Way, Brunswick, ME 04011
      View Details
    • $445,000

      Brunswick Land Parcel Opportunity

      Cleared 0.32-acre lot in Brunswick, ready for development.
      23 Noble Street, Brunswick, ME 04011
      View Details

    FAQs

    What type of property is this?
    Commercial land - Cleared lot ready for development in Brunswick, Maine.
    Where is this commercial land located?
    The property is located at Mill Street Brunswick, ME.
    What is the asking price?
    The asking price for this property is $199,000.
    What are key features of this property?
    This property features: Fully cleared, in‑town lot ready for development.; Mixed‑use zoning allows for storefront/office space and apartments.; Approved for a 9‑unit apartment complex (previously).
    (207) 553-2668
    We can help!
    Listing Contact
    Amy Cartmell
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    Mill Street, Brunswick, ME 04011
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!