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    Property profile & analytics

    77 Pleasant St Brunswick, ME 04011

    • Commercial real estate
    • 5,016 SF
    • 0.21 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US42-0173104
    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

    • Commercial real estate

    Property Details for 77 Pleasant St

    Year built
    1900
    Lot size
    0.21 lot acres
    Property size
    5,016 SF
    Property type
    Commercial real estate

    Description

    This meticulously maintained six-unit apartment building at 77 Pleasant Street in Brunswick, Maine, presents a compelling investment opportunity. The property boasts 5,016 square feet of gross living area situated on a 0.21-acre lot. The building comprises four two-bedroom units, one one-bedroom unit, and one studio apartment, offering a diverse mix of rental options. Ten off-street parking spaces are available for tenants. Significant recent upgrades include a new roof (installed in 2018), updated electrical wiring, and a state-of-the-art forced hot water (boiler/burner) natural gas heating system. All porches have been fully rebuilt. The building is connected to public sewer with no known issues. While the basement experiences some moisture accumulation near the driveway during heavy rains, the property's strong rental income potential and desirable location in Brunswick, a rapidly growing Maine community, make it an attractive addition to any investment portfolio. The property is zoned GR6. Built in 1900, this building offers a blend of classic charm and modern updates.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Brunswick
    County
    Cumberland
    State
    Maine
    Longitude
    -69.9749056
    Latitude
    43.9129269

    Comparable in this City

    • New
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      Brunswick Duplex Near Main Street

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    • $575,000
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      Multi-Unit Property with Mixed-Use Zoning

      Two single-family residences with mixed-use zoning and high visibility.
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      Multiunit Property on High-Traffic Road

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    • $139,000
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      Residential Lot in Douglas Ridge

      0.47-acre residential lot in a thoughtfully designed community.
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      Waterfront Land in Brunswick, Maine

      Two adjacent parcels totaling 4.67 acres on New Meadows River.
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    • $850,000
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      Brunswick Land with Sweeping Views

      12.3 acre Brunswick land parcel with rolling hill views.
      5 Round Hill Ln, Brunswick, ME 04011
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    Similar Nearby for Sale

    • New
      $650,000
      2,688 SF

      Brunswick Duplex Near Main Street

      Modern duplex near shops, restaurants, and Bowdoin College.
      16 Jordan Ave, Brunswick, ME 04011
      View Details
    • $575,000
      3,228 SF

      Multi-Unit Property with Mixed-Use Zoning

      Two single-family residences with mixed-use zoning and high visibility.
      35 & 35.5 Bath Rd, Brunswick, ME 04011
      View Details
    • Contact for pricing
      2,550 SF

      Multiunit Property on High-Traffic Road

      Two single-family residences with mixed-use zoning and large parking.
      35 Bath Rd, Brunswick, ME 04011
      View Details
    • $139,000
      0.47 Acres

      Residential Lot in Douglas Ridge

      0.47-acre residential lot in a thoughtfully designed community.
      Little Fawn Ln, Brunswick, ME 04011
      View Details
    • $225,000
      4.67 Acres

      Waterfront Land in Brunswick, Maine

      Two adjacent parcels totaling 4.67 acres on New Meadows River.
      29 Nob Hill Ave, Brunswick, ME 04011
      View Details
    • $850,000
      12.30 Acres

      Brunswick Land with Sweeping Views

      12.3 acre Brunswick land parcel with rolling hill views.
      5 Round Hill Ln, Brunswick, ME 04011
      View Details

    Similar Nearby for Lease

    • $13 SF/Yr
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      Brunswick Industrial Space For Lease

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    • $20 SF/Yr
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      Commercial Unit on Bath Road

      1600 SF retail/office/creative space available for lease.
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      2,400 SF

      Former Convenience Store in Brunswick

      2,400± SF retail space with high visibility.
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      302,003 SF

      Cooks Corner Retail Center

      Maine Retail Space Available
      174 Bath Rd, Brunswick, ME 04011
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    • $15 SF/Yr
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      Cooks Corner Shopping Center Opportunity

      Maine Retail Space: High-Traffic Location
      174 Bath Rd, Brunswick, ME 04011
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    • $7 SF/Yr
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      Prime Brunswick Industrial Space

      Class A Office/Flex Space Available
      43 Bibber Pkwy, Brunswick, ME 04011
      View Details
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    77 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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