Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    120 Harpswell Rd Brunswick, ME 04011-3124
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    120 Harpswell Rd Brunswick, ME 04011-3124

    View on Map
    • Specialty properties
    • 47,624 SF
    • 2.94 lot acres
    Off-Market
    Property ID
    US42-0396044
    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.
    Value Estimations
    $1,400,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Specialty properties

    Property Details for 120 Harpswell Rd

    Year built
    1974
    Construction
    STEEL FRAME
    Lot size
    2.94 lot acres
    Property size
    47,624 SF
    Property type
    Specialty properties
    APN
    BRUN M:U36 L:038
    APU
    BRUNMU36L038

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $1,020,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,775,000
      Market price range: $1.78M - $6.26M

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

    Location Insight

    • Map
    • Local Demand
    City
    Brunswick
    County
    Cumberland
    State
    Maine
    Longitude
    -69.9551
    Latitude
    43.8979
    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
    $31,914
    $240,900
    $1,129,400
    $1,370,300
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      2,404 SF

      51 Perryman Dr

      CHARITABLE ORGANIZATION • 2,404 SF
      51 Perryman Dr, Brunswick, ME 04011-2726
      View Details
    • Value Estimation by Request
      2,074 SF

      5 10th Way

      CHARITABLE ORGANIZATION • 2,074 SF
      5 10th Way, Brunswick, ME 04011-2884
      View Details
    • Value Estimation by Request
      3,278 SF

      87 Baribeau Dr

      CHARITABLE ORGANIZATION • 3,278 SF
      87 Baribeau Dr, Brunswick, ME 04011-3229
      View Details
    • Value Estimation by Request
      2,290 SF

      36 Pejepscot Ter

      CHARITABLE ORGANIZATION • 2,290 SF
      36 Pejepscot Ter, Brunswick, ME 04011-1668
      View Details
    • Value Estimation
      $8,485,000
      132,504 SF

      123 Medical Ctr Dr

      CHARITABLE ORGANIZATION • 132,504 SF
      123 Medical Ctr Dr, Brunswick, ME 04011-2652
      View Details
    • Value Estimation
      $2,135,000
      53,350 SF

      329th Bath Rd

      CHARITABLE ORGANIZATION • 53,350 SF
      329th Bath Rd, Brunswick, ME 04011-2673
      View Details

    Similar Nearby for Sale

    • $7,295,000
      20,827 SF

      NNN Retail Building For Sale

      20,827 SF Class A retail building in Brunswick, Maine.
      10 Tibbetts Dr, Brunswick, ME 04011
      View Details
    • Contact for pricing
      900 SF

      Iconic Drive-In Restaurant For Sale

      Turnkey drive-in restaurant with high visibility in Brunswick, Maine.
      111 Bath Rd, 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 Rd, Brunswick, ME 04011
      View Details
    • New
      $490,000
      9.95 Acres

      Waterfront Land on New Meadows River

      9.95 acres with 1400' waterfront, perfect for retreat.
      Peterson Ln, Brunswick, ME 04011
      View Details
    • Contact for pricing
      118,919 SF

      Brunswick Landing Redevelopment Opportunity

      2.73 acre vacant land parcel in Brunswick Landing.
      Allagash Dr Dr, Brunswick, ME 04011
      View Details

    Similar Nearby for Lease

    • $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
      302,003 SF

      Cooks Corner Retail Center

      Maine Retail Space Available
      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
    • 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
    • Contact for pricing
      1,040 SF

      Retail/Office Building with Drive-Thru

      Prime 1,040 SF retail/office building with drive-thru for lease.
      163 Pleasant St, Brunswick, ME 04011
      View Details
    • Contact for pricing

      Historic Brunswick Property with Development Potential

      Historic property near Maine Street with multiple development possibilities.
      11 Lincoln St, 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.
    120 Harpswell Rd
    Brunswick, ME 04011-3124
    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!