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

    157 Pleasant St Brunswick, ME 04011

    • Showrooms
    • 23,984 SF
    • 1.42 lot acres
    For Lease
    View listing
    Last Sale
    Sep 30, 2022
    $2,000,000
    Value Estimations
    $2,225,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US42-0474951
    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

    • Showrooms

    Property Details for 157 Pleasant St

    Year built
    1947
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.42 lot acres
    Property size
    23,984 SF
    Property type
    Showrooms
    APN
    BRUN M:U26 L:003
    APU
    BRUNMU26L003

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,315,000
      ML approach
      $2,475,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,328,000
      Market price range: $2.33M - $6.28M
      AI Estimate
      $1,565,000
      Market price range: $1.35M - $4.64M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $3,590,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Brunswick
    County
    Cumberland
    State
    Maine
    Longitude
    -69.9864
    Latitude
    43.912
    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
    $33,458
    $378,900
    $1,057,700
    $1,436,600
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • 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
      $705,000
      3,640 SF

      73 Admiral Fitch Ave

      SHOW ROOM, WAREHOUSE • 3,640 SF
      73 Admiral Fitch Ave, Brunswick, ME 04011-2700
      View Details
    • Value Estimation by Request
      4,964 SF

      381 Bath Rd

      SHOW ROOM, WAREHOUSE • 4,964 SF
      381 Bath Rd, Brunswick, ME 04011-2633
      View Details
    • Value Estimation by Request
      1,728 SF

      1087 Mere Pt Rd

      SHOW ROOM, WAREHOUSE • 1,728 SF
      1087 Mere Pt Rd, Brunswick, ME 04011-8121
      View Details

    Similar Nearby for Sale

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      Prime Brunswick 7-Eleven Investment

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      Iconic Brunswick Drive-In Restaurant For Sale

      Turnkey drive-in restaurant in high-traffic Brunswick retail corridor.
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    • $1,050,000
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      Prime Brunswick Retail Plaza

      High-traffic Route 1 location, excellent investment.
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    • $875,000
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      Fat Boys Drive In Restaurant

      Restaurants • 0.76 Acres
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    • New
      $550,000
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      Two commercial lots in a qualified opportunity zone.
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    Similar Nearby for Lease

    • $31 SF/Yr
      2,400 SF

      Former Convenience Store in Brunswick

      2,400± SF retail space with high visibility.
      152 Maine St, 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
    • $33 SF/Yr
      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
    • $22 SF/Yr
      2,350 SF

      Retail Space Near Brunswick Landing

      Retail or office space with convenient access and great visibility.
      2 Admiral Fitch Ave, Brunswick, ME 04011
      View Details
    • Contact for pricing
      302,003 SF

      Cooks Corner Retail Center

      Maine Retail Space Available
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      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
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    157 Pleasant St
    Brunswick, ME 04011
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    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
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