Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2350-2354 Broadway Bangor, ME 04401

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2350-2354 Broadway Bangor, ME 04401

    View on Map
    • Commercial real estate
    • 3,250 SF
    • 2.60 lot acres
    For Sale
    $399,900
    View Listing →
    2350-2354 Broadway, Bangor, ME 04401 For Sale
    $399,900
    3,250 SF

    2350-2354 Broadway, Bangor, ME 04401

    Commercial real estate

    2350-2354 Broadway, Bangor, ME 04401
    View Listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 2350-2354 Broadway

    Lot size
    2.60 lot acres
    Property size
    3,250 SF
    Property type
    Commercial real estate

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Bangor
    County
    Penobscot
    State
    Maine
    Longitude
    -68.8347
    Latitude
    44.8621

    Comparable in this City

    • Value Estimation by Request
      0.48 Acres

      Stillwater Ave

      Land • 1 SF
      0 Stillwater Ave, Veazie, ME 04401
      View Details
    • Value Estimation by Request
      1,100 SF

      1201 State Street Ave

      Commercial real estate • 1,100 SF
      1201 State Street Ave, Veazie, ME 04401
      View Details
    • Value Estimation by Request
      0.93 Acres

      15 Nadines Way Way

      Commercial real estate • 0.93 Acres
      15 Nadines Way Way, Bangor, ME 04401
      View Details
    • Value Estimation by Request

      3202nd Broadway

      COMMERCIAL (GENERAL)
      3202nd Broadway, Glenburn, ME 04401-1068
      View Details
    • Value Estimation
      $2,260,000
      33,020 SF

      36 Pleasant St

      SHOW ROOM, WAREHOUSE • 33,020 SF
      36 Pleasant St, Bangor, ME 04401-6422
      View Details
    • Value Estimation
      $9,855,000
      100,800 SF

      78 Exchange St

      COMMERCIAL (GENERAL) • 100,800 SF
      78 Exchange St, Bangor, ME 04401-6504
      View Details

    Similar Nearby for Sale

    • $1,900,000
      28,756 SF

      Prime Bangor Commercial Building

      High-traffic location, income-producing tenants.
      586 Main St, Bangor, ME 04401
      View Details
    • $399,900
      3,250 SF

      2350-2354 Broadway, Bangor, ME 04401

      Commercial real estate • 3,250 SF
      2350-2354 Broadway, Bangor, ME 04401
      View Details
    • $4,999,999
      14,754 SF

      Bangor Commercial Land Development

      125 Acres, Mixed-Use Potential, Prime Location
      1600 Union St, Bangor, ME 04401
      View Details
    • $78,800
      0.93 Acres

      Bangor Commercial Land - I-95 Access

      0.93-acre lot, prime commercial location.
      15 Nadines Way Way, Bangor, ME 04401
      View Details
    • $595,000
      5,568 SF

      High-Visibility Commercial Building in Bangor

      Versatile commercial building with high visibility and functional space.
      1567 Hammond St, Bangor, ME 04401
      View Details
    • $254,900
      2,630 SF

      Bangor Mixed-Use Commercial Building

      High-ROI potential, versatile property. Prime Bangor location.
      44 Center Street Ave, Bangor, ME 04401
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      810 SF

      Retail Space Near I-95

      810 SF retail space with strong national tenancy.
      516 Stillwater Ave, Bangor, ME 04401
      View Details
    • Contact for pricing
      12,500 SF

      Flexible Office Space Available

      Non-profit incubator and office space for rent.
      262 Harlow St, Bangor, ME 04401
      View Details
    • Contact for pricing

      Land Lease on Bangor Mall

      Prime development site available for lease near Bangor Mall.
      109 Bangor Mall Blvd, Bangor, ME 04401
      View Details
    • Contact for pricing
      31,154 SF

      Bangor Mall Entrance Retail Space

      31,154 SF retail space at Bangor Mall entrance.
      6 Bangor Mall Blvd, Bangor, ME 04401
      View Details
    • $144 SF/Yr
      28,837 SF

      Prime Bangor Commercial Space

      Iconic building, 28,837 sq ft, fully vacant.
      586 Main St, Bangor, ME 04401
      View Details
    • Contact for pricing

      Downtown Bangor Class A Office

      Multiple office suites available for lease in downtown Bangor.
      80 Exchange St, Bangor, ME 04401
      View Details
    View Listing
    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.
    2350-2354 Broadway
    Bangor, ME 04401
    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.
    Sign Up Successful!
    You now have access to more from Realmo!