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    Property profile & analytics

    174 Bath Rd Brunswick, ME 04011

    • Retail space
    • 3,705 SF
    • 0.70 lot acres
    For Lease
    View listing
    $15 SF/Yr
    Value Estimations
    $525,000
    Cap Rate Potential
    8.9%
    Retail space
    Location Intelligence
    Property ID
    US42-0295753
    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

    • Retail space

    Property Details for 174 Bath Rd

    Year built
    1977
    Construction
    FRAME
    Lot size
    0.70 lot acres
    Property size
    3,705 SF
    Property type
    Retail space
    APN
    BRUN M:CC1 L:033
    APU
    BRUNMCC1L033

    Description

    Cooks Corner Shopping Center, located at 174 Bath Road in Brunswick, Maine (zip code 04011), presents a prime retail investment opportunity. This established shopping center, totaling 302,003 square feet, boasts a desirable location within Cumberland County's CC - Regional Business Commercial District zoning. Built in 1965 and extensively renovated in 2019, the property offers ample parking with 1,662 spaces to accommodate customers. Currently, there are 8,745 square feet of vacant retail space available, divisible into units ranging from a minimum of 1,924 square feet to a maximum contiguous space of 4,021 square feet. The property sits on a substantial 32.5-acre lot, ensuring ample room for expansion or future development. This multi-tenant shopping center benefits from high visibility and significant foot traffic, making it an ideal location for a variety of retail businesses. The property's recent renovation ensures modern amenities and a well-maintained environment, attracting both tenants and customers. This is a rare opportunity to acquire a well-established retail center in a thriving Maine community. The property's size and location offer significant potential for growth and return on investment. Interested parties should inquire for further details and availability.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $435,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $645,000
      6.5%
      $595,000
      7%
      $555,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $550,000
      Market price range: $167k - $551k

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $700,000
      Current use
      OFFICE BUILDING
      $715,000
      Change: +2% Conversion: Easy
      COMMERCIAL (GENERAL)
      $660,000
      Change: -6% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Brunswick
    County
    Cumberland
    State
    Maine
    Longitude
    -69.9218
    Latitude
    43.9067
    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
    $18,078
    $220,000
    $556,200
    $776,200
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      2,270 SF

      150 Bath Rd

      RETAIL STORES (PERSONAL SERVICES) • 2,270 SF
      150 Bath Rd, Brunswick, ME 04011-2602
      View Details
    • Value Estimation
      $1,795,000
      18,200 SF

      323 Bath Rd

      RETAIL STORES (PERSONAL SERVICES) • 18,200 SF
      323 Bath Rd, Brunswick, ME 04011-2673
      View Details
    • Value Estimation
      $605,000
      4,308 SF

      154 Pleasant St

      RETAIL STORES (PERSONAL SERVICES) • 4,308 SF
      154 Pleasant St, Brunswick, ME 04011-2214
      View Details
    • Value Estimation by Request
      1,880 SF

      208 Maine St

      RETAIL STORES (PERSONAL SERVICES) • 1,880 SF
      208 Maine St, Brunswick, ME 04011-2019
      View Details
    • Value Estimation
      $2,995,000
      19,270 SF

      24 Farley Rd

      RETAIL STORES (PERSONAL SERVICES) • 19,270 SF
      24 Farley Rd, Brunswick, ME 04011-2642
      View Details
    • Value Estimation
      $500,000
      3,386 SF

      7 Gurnet Rd

      RETAIL STORES (PERSONAL SERVICES) • 3,386 SF
      7 Gurnet Rd, Brunswick, ME 04011-2730
      View Details

    Similar Nearby for Sale

    • $1,600,000
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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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      Restaurants • 0.76 Acres
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      Brunswick Car Wash and Retail

      Freestanding car wash and retail property in Brunswick, Maine.
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    • $1,050,000
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      High-Traffic Brunswick Retail Center

      Prime Route 1 location, 10,427 sqft, high occupancy.
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    Similar Nearby for Lease

    • $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
      40,000 SF

      Brunswick Retail Space For Lease

      Retail spaces available in Brunswick's heavily traveled retail market.
      174 Bath Rd, Brunswick, ME 04011
      View Details
    • $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
    • Contact for pricing
      302,003 SF

      Cooks Corner Retail Center

      Maine Retail Space Available
      174 Bath Rd, Brunswick, ME 04011
      View Details
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    174 Bath Rd
    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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