Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    Allagash Dr Dr Brunswick, ME 04011

    • Commercial real estate
    • 118,919 SF
    • 2.73 lot acres
    For Sale
    View listing
    $399,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for Allagash Dr Dr

    Lot size
    2.73 lot acres
    Property size
    118,919 SF
    Property type
    Commercial real estate

    Description

    This exceptional 2.73-acre vacant land parcel presents a remarkable opportunity for commercial development within the thriving Brunswick Landing redevelopment project. Located at the highly visible corner of Allagash and Katahdin Drives, this property boasts a General Commercial (GM7) zoning designation, offering significant flexibility for a variety of commercial uses. The site's expansive 118,919 square feet provide ample space for construction, and utilities are currently being extended to the parcel, simplifying the development process. Future plans for Allagash Drive include the addition of a pedestrian walking path, enhancing the area's appeal and walkability. This strategic location offers unparalleled convenience, with easy access to US Route #1, placing businesses within minutes of the vibrant downtowns of Bath, Brunswick, and Topsham, as well as the Interstate highway system. The property's prime location and the ongoing revitalization of Brunswick Landing make this an exceptional investment opportunity for businesses seeking a high-visibility site in a rapidly growing area. The expansive acreage and convenient access to major transportation routes ensure strong potential for a wide range of commercial ventures. This is a rare chance to secure a prominent location in a dynamic and expanding commercial hub. Don't miss this opportunity to be a part of Brunswick Landing's exciting future.

    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
    -69.9196
    Latitude
    43.9047

    Comparable in this City

    • Value Estimation by Request
      1.75 Acres

      6 Puffin Ln

      COMMERCIAL (GENERAL) • 1.75 Acres
      6 Puffin Ln, Brunswick, ME 04011
      View Details
    • Value Estimation
      $13,450,000
      73,164 SF

      192 Admiral Fitch Ave

      SHOW ROOM, WAREHOUSE • 73,164 SF
      192 Admiral Fitch Ave, Brunswick, ME 04011-2795
      View Details
    • Value Estimation
      $10,600,000
      49,175 SF

      114 Bath Rd

      SHOW ROOM, WAREHOUSE • 49,175 SF
      114 Bath Rd, Brunswick, ME 04011-2606
      View Details
    • Value Estimation
      $7,535,000
      45,228 SF

      81 Medical Ctr Dr

      SHOW ROOM, WAREHOUSE • 45,228 SF
      81 Medical Ctr Dr, Brunswick, ME 04011-2764
      View Details
    • Value Estimation
      $10,165,000
      54,460 SF

      14 Resilient Cir

      COMMERCIAL (GENERAL) • 54,460 SF
      14 Resilient Cir, Brunswick, ME 04011-5036
      View Details
    • Value Estimation by Request
      2.17 Acres

      236-242 Old Portland Rd

      Land • 2.17 Acres
      236-242 Old Portland Rd, Brunswick, ME 04011
      View Details

    Similar Nearby for Sale

    • $825,000
      900 SF

      Iconic Brunswick Drive-In Restaurant

      Turnkey Business, High-Traffic Location
      111 Bath Rd, Brunswick, ME 04011
      View Details
    • $399,000
      118,919 SF

      Brunswick Landing Commercial Land

      Prime 2.73-acre lot, exceptional location.
      Allagash Dr Dr, Brunswick, ME 04011
      View Details
    • $775,000
      900 SF

      Iconic Brunswick Drive-In Restaurant For Sale

      Turnkey drive-in restaurant in high-traffic Brunswick retail corridor.
      111 Bath Rd, Brunswick, ME 04011
      View Details
    • $490,000
      9.95 Acres

      Waterfront Land with Rustic Cabin

      9.95 acres of waterfront property with a rustic cabin.
      18 Peterson Ln, Brunswick, ME 04011
      View Details
    • $1,050,000
      10,427 SF

      High-Traffic Brunswick Retail Center

      Prime Route 1 location, 10,427 sqft, high occupancy.
      103 Pleasant St, Brunswick, ME 04011
      View Details
    • $650,000
      1,220 SF

      Downtown Brunswick Restaurant Space

      Prime location, high foot traffic, ready to lease.
      42 Maine St, Brunswick, ME 04011
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      302,003 SF

      Cooks Corner Retail Center

      Maine Retail Space Available
      174 Bath Rd, Brunswick, ME 04011
      View Details
    • $7 SF/Yr
      10,200 SF

      Prime Brunswick Industrial Space

      Class A Office/Flex Space Available
      43 Bibber Pkwy, Brunswick, ME 04011
      View Details
    • $1.00 SF/Yr
      93,306 SF

      Prime Brunswick Industrial Space

      93,000 SF Flex/Warehouse, Build-to-Suit
      0 Katahdin Dr, Brunswick, ME 04011
      View Details
    • $15 SF/Yr
      302,003 SF

      Cooks Corner Shopping Center Opportunity

      Maine Retail Space: High-Traffic Location
      174 Bath Rd, Brunswick, ME 04011
      View Details
    • Contact for pricing
      20,157 SF

      Office Space in Brunswick Landing

      Office space for rent in a mixed-use campus.
      150 Admiral Fitch Ave, Brunswick, ME 04011
      View Details
    • $13 SF/Yr
      12,313 SF

      Brunswick Industrial Space For Lease

      12,313 SF Industrial Office, 4,650 SF Vacant
      4 Industrial Pkwy, 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.
    Allagash Dr Dr
    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

    Google sign-in failed. Please try again or use another login method.