Property profile

149 Maine St Brunswick, ME 04011

OFF-MARKET
Investment properties
Property ID
US42-0131261
31,774 SF 0.84 ac lot Built 1900
Entity Owned 8-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

Tontine Mall, located at 149 Maine St, Brunswick, ME 04011, presents a unique opportunity for businesses seeking Class A office space. This 9,565 square foot property, categorized as Retail and Office with a specific Executive Office and Strip Center subtype, boasts 3,533 square feet of immediately available space. The building, situated on a 0.84-acre lot, underwent renovations in 2021, ensuring modern amenities and a high-quality environment. The property features ample parking with 75 spaces available for tenants and visitors. Its zoning designation is GM6 (Growth Mixed-Use 6) with VRO (Village Review Overlay), reflecting its prime location within a thriving community. The multiple tenancy structure offers flexibility and potential for collaboration. This exceptional property is ideal for businesses seeking a prominent presence in Brunswick, Maine. The building's size and modern updates make it suitable for a variety of office configurations. The convenient location and ample parking ensure easy access for employees and clients alike. Interested parties should note the available 3,533 square feet of vacant space ready for immediate occupancy.

Property profile

Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1900
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 31,774 SF
Lot 0.84 ac (36,590 SF)
APN BRUN M:U13 L:164
UPID US42-0131261

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

149 Maine St Brunswick, ME 04011-2058
Brunswick metro Census 11205 PORTLAND-SOUTH PORTLAND-BIDDEFORD, ME METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$6.07M
Comparable Approach Comparable
$5.24M
Blend (final) Blend
$5.02M

Owner & transaction history

since 2018
3 recorded transactions
2021
Price N/A
2018
Price N/A
2018
Price N/A

Zoning & alternative use

Top alternative use upside
Office building $6.2M +8.9%
Retail stores $6.0M +6.6%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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