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City of Saco·Maine

Commercial Real Estate Brokerage Services

Closes 5/25/2022$100k – $500kRequest for Proposal
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Description

The City of Saco is seeking a Maine‑licensed commercial real‑estate brokerage firm to market, negotiate, and close the sale of two city‑owned commercial parcels (approximately 65 acres on Portland Road and two adjacent lots at Mill Brook Business Park). The broker will develop market analyses, devise sales strategies, handle all brokerage activities, and may be required to present to the City Council. The contract is a one‑year professional services agreement, renewable based on performance, with compensation based on commission or fee structures proposed by the bidder. • Market analysis and sales/marketing plan for the “Clair Parcels” and Mill Brook lots. • Full brokerage services including negotiation, transaction coordination, and representation of the City. • Requirement to be a Maine‑licensed commercial broker with proven local experience and references. • Submission of both a sealed hard‑copy and an electronic PDF by the May 25, 2022 deadline. • Potential interview/presentation week of May 30 2022; award expected by early June.

Attached files

Contact

Denise Clavette(Economic Development Director)

[email protected]

Key dates

Opened
4/27/2022
Questions due
5/9/2022
Closes
5/25/2022
Projected award
6/3/2022
Duration
1 year

Last updated

Details

Type
Request for Proposal
Industry
Real Estate
NAICS
531210

Budget estimate

$100,000 – $500,000

The RFP does not state a fixed fee; compensation will be based on the broker’s commission or fee structure. Assuming a typical commercial brokerage commission of 3%‑6% on sales prices, and estimating the combined parcel value between $2 M and $8 M, the broker’s earnings could range from roughly $60,000 to $480,000. Additional marketing expenses (advertising, travel) may increase total remuneration. Thus a reasonable estimate is $100,000‑$500,000, reflecting commission, ancillary costs, and potential renewal work.

AI estimate from the solicitation

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