Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    244 Old Portland Rd Brunswick, ME 04011
    Back to Search
    Property profile & analytics

    244 Old Portland Rd, Brunswick, ME 04011

    View on Map
    • Land
    • 2.95 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 244 Old Portland Rd

    Lot size
    2.95 lot acres
    Property type
    Land
    Property subtype
    Industrial properties

    Description

    This exceptional 2.95-acre commercial land parcel presents a unique investment opportunity in Brunswick, Maine. Strategically located on Route 1, the property boasts 169 feet of road frontage, ensuring high visibility and accessibility. Its convenient location offers easy access to both U.S. Route 1 in Freeport and I-295 in Brunswick, providing excellent connectivity for businesses and employees. The site is situated in a thriving commercial area, adjacent to established businesses such as Moore Painting, Inc., Terra Speakers, and Coastal Truck & Trailer, creating a synergistic environment. The property is zoned RM, allowing for a diverse range of commercial and industrial uses, making it ideal for a single-tenant building or a multi-tenant development. The asking price is $159,000, translating to approximately $53,898 per acre. The parcel's APN is 05030_13-82. This prime location and flexible zoning make this property an attractive proposition for investors and developers seeking a foothold in a bustling commercial corridor. The property's size and location offer significant potential for future growth and development. Don't miss this chance to acquire a valuable asset in a high-demand area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Brunswick
    County
    Cumberland
    State
    Maine
    Longitude
    -70.0313
    Latitude
    43.91

    Comparable in this City

    • Value Estimation by Request
      2.17 Acres

      236-242 Old Portland Rd

      Land
      236-242 Old Portland Rd, Brunswick, ME 04011
      View Details
    • Value Estimation
      $11,035,000
      186,505 SF

      1 Cressey Rd

      INDUSTRIAL (GENERAL)
      1 Cressey Rd, Brunswick, ME 04011-1539
      View Details
    • Value Estimation by Request

      Samuel Adams Dr

      INDUSTRIAL (GENERAL)
      Samuel Adams Dr, Brunswick, ME 04011
      View Details
    • Value Estimation
      $660,000
      4,320 SF

      3 Business Pkwy

      INDUSTRIAL (GENERAL)
      3 Business Pkwy, Brunswick, ME 04011-7549
      View Details
    • Value Estimation by Request

      Samuel Adams Dr

      INDUSTRIAL (GENERAL)
      Samuel Adams Dr, Brunswick, ME 04011
      View Details
    • Value Estimation by Request

      Katahdin Dr

      INDUSTRIAL (GENERAL)
      Katahdin Dr, Brunswick, ME 04011
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Land For Sale Brunswick, ME

      Land available for sale in Brunswick, Maine.
      Allagash Dr, Brunswick, ME 04011
      View Details
    • New
      $850,000
      12.30 Acres

      Brunswick Land with Sweeping Views

      12.3 acre Brunswick land parcel with rolling hill views.
      5 Round Hill Ln, Brunswick, ME 04011
      View Details
    • Contact for pricing
      304,920 SF

      Brunswick Land Subdivision Potential

      7 acres of land suitable for subdivision near I-295.
      42b Greystone Ln, Brunswick, ME 04011
      View Details
    • Contact for pricing
      8,250 SF

      Industrial Building in Growth District

      12,250 SF commercial building in Brunswick's thriving Growth Industrial District.
      4 Industrial Pkwy, Brunswick, ME 04011
      View Details
    • Contact for pricing
      102,000 SF

      Brunswick Industrial Building For Sale

      102,000 SF industrial building on 7.78 acres, 83% occupied.
      43 Bibber Pkwy, Brunswick, ME 04011
      View Details
    • Contact for pricing
      12,250 SF

      Industrial Parkway Commercial Building

      12,250 SF commercial building in Growth Industrial District.
      4 Industrial Pkwy, Brunswick, ME 04011
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      38,000 SF

      Brunswick Landing Build-to-Suit Site

      3.43 acre build-to-suit site ideal for distribution, warehousing.
      Commerce Dr, Brunswick, ME 04011
      View Details
    • Contact for pricing
      100,000 SF

      Brunswick Landing Distribution Warehouse

      93,306± SF build-to-suit warehouse ideal for distribution, logistics.
      Katahdin Dr, Brunswick, ME 04011
      View Details
    • New
      Contact for pricing
      1,440 SF

      Freestanding Retail/Office Flex Building

      Freestanding flex building with open layout, private restroom, and dedicated parking on a high-traffic Route 1 corridor.
      156 Pleasant St, Brunswick, ME 04011
      View Details
    • Contact for pricing

      Versatile Office/Flex Space Available

      8,250 SF office/flex space with loading dock, easy highway access.
      4 Industrial Pkwy, Brunswick, ME 04011
      View Details
    • Contact for pricing
      3,700 SF

      Brunswick Industrial Space For Lease

      7,200 SF industrial space with work bays and overhead doors.
      4 Turner St, Brunswick, ME 04011
      View Details
    • Contact for pricing

      Retail Pad Site For Lease

      0.72 acre retail pad site available for lease.
      178 Bath Rd, Brunswick, ME 04011
      View Details
    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.
    244 Old Portland Rd
    Brunswick, ME 04011
    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
    244 Old Portland Rd, 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!