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

    115 Bath Rd Brunswick, ME 04011

    • Auto shops
    • 3,760 SF
    • 0.38 lot acres
    For Lease
    View listing
    $17 SF/Yr
    Last Sale
    Jun 16, 2023
    $600,000
    Value Estimations
    $580,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US42-0370285
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Auto shops

    Property Details for 115 Bath Rd

    Year built
    1986
    Construction
    FRAME
    Lot size
    0.38 lot acres
    Property size
    3,760 SF
    Property type
    Auto shops
    APN
    BRUN M:041 L:002
    APU
    BRUNM041L002

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $580,000
      ML approach
      $610,000

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $425,000
      Current use
      OFFICE BUILDING
      $530,000
      Change: +25% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $475,000
      Change: +13% Conversion: Moderate
      RETAIL STORES
      $365,000
      Change: -13% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Brunswick
    County
    Cumberland
    State
    Maine
    Longitude
    -69.9334
    Latitude
    43.9069
    CBSA code
    38860
    CBSA name
    PORTLAND-SOUTH PORTLAND-BIDDEFORD, ME METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $6,670
    $112,800
    $173,600
    $286,400
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $340,000
      1,332 SF

      166 Pleasant St

      AUTO REPAIR, GARAGE • 1,332 SF
      166 Pleasant St, Brunswick, ME 04011-2214
      View Details
    • Value Estimation
      $430,000
      3,780 SF

      341 Bath Rd

      AUTO REPAIR, GARAGE • 3,780 SF
      341 Bath Rd, Brunswick, ME 04011-2673
      View Details
    • Value Estimation
      $470,000
      8,211 SF

      51 Bath Rd

      AUTO REPAIR, GARAGE • 8,211 SF
      51 Bath Rd, Brunswick, ME 04011-2601
      View Details
    • Value Estimation
      $305,000
      4,656 SF

      58 Burbank Ave

      AUTO REPAIR, GARAGE • 4,656 SF
      58 Burbank Ave, Brunswick, ME 04011-2878
      View Details
    • Value Estimation
      $285,000
      1,680 SF

      158 Pleasant St

      AUTO REPAIR, GARAGE • 1,680 SF
      158 Pleasant St, Brunswick, ME 04011-2214
      View Details
    • Value Estimation
      $250,000
      3,160 SF

      39 Jordan Ave

      AUTO REPAIR, GARAGE • 3,160 SF
      39 Jordan Ave, Brunswick, ME 04011-2141
      View Details

    Similar Nearby for Sale

    • $650,000
      4,100 SF

      Brunswick Car Wash and Retail

      Freestanding car wash and retail property in Brunswick, Maine.
      177 Bath Rd, 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
    • $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
    • $1,050,000
      10,427 SF

      Prime Brunswick Retail Plaza

      High-traffic Route 1 location, excellent investment.
      103 Pleasant St, Brunswick, ME 04011
      View Details
    • $875,000
      0.76 Acres

      Fat Boys Drive In Restaurant

      Restaurants • 0.76 Acres
      111 Bath Rd, Brunswick, ME 04011
      View Details

    Similar Nearby for Lease

    • $17 SF/Yr
      2,800 SF

      Mixed-Use Building with 4-Bay Garage

      Stand-alone mixed-use building with high traffic volume and ample parking.
      115 Bath Rd, Brunswick, ME 04011
      View Details
    • $9 SF/Yr
      7,200 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
      23,984 SF

      Former Car Dealership in Brunswick

      Highly visible 23,984 SF site on a busy corridor.
      157 Pleasant St, Brunswick, ME 04011
      View Details
    • Contact for pricing
      302,003 SF

      Cooks Corner Retail Center

      Maine Retail Space Available
      174 Bath Rd, 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
    • $20 SF/Yr
      1,600 SF

      Commercial Unit on Bath Road

      1600 SF retail/office/creative space available for lease.
      119 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.
    115 Bath 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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.