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    Kirk Butterfield, Portland, ME

    License ID: MAINEBR918896
    Association
    Maine Commercial Association Of Realtors Inc

    Service Locations

    Contact details

    Phone:
    (207) 205-4007
    Office Address:
    120 Stony Point Road, Suite 140, Santa Rosa, CA 95401

    Property Types

    • Commercial Sale
    • Land
    • Residential

    Performance

    Listings
    25

    Listings

    For Sale (17)

    View map
    • $165,000
      50.00 Acres

      50-Acre Land Parcel in Maine

      Large raw land for agriculture, recreation, hunting, or solar farm.
      826 Atlantic Hwy, Damariscotta, ME 04543
      View Details
    • $168,000
      900 SF

      Kennebunk Office Condo For Sale

      Street-level office condo in a thriving commercial hub.
      62 Portland Rd, Kennebunk, ME 04043
      View Details
    • $365,000
      3,290 SF

      Kennebunk Office Condo For Sale

      Large office condo in a well-established professional complex.
      62 Portland Rd, Kennebunk, ME 04043
      View Details
    • $495,000
      4,190 SF

      Kennebunk Office Condo For Sale

      Large office condominium in a well-established professional complex.
      62 Portland Rd, Kennebunk, ME 04043
      View Details
    • $375,000
      2,970 SF

      COMMERCIAL - Kennebunk, ME

      Office space • 2,970 SF
      62 Portland Rd, Kennebunk, ME 04043
      View Details
    • $425,000
      5.46 Acres

      Wooded Land in Gorham, Maine

      5+ acre wooded parcel near Gorham's downtown, Maine Turnpike, Portland.
      30 Boreal Dr, Gorham, ME 04038
      View Details
    • $495,000
      2,584 SF

      Scarborough Corner Lot Opportunity

      1.11-acre corner lot suitable for commercial or residential redevelopment.
      84 County Rd, Scarborough, ME 04074
      View Details
    • $275,000
      5.08 Acres

      Secluded Land Parcel in Biddeford

      5.08 acre Biddeford land parcel with development potential.
      5 Apostolic Way, Biddeford, ME 04005
      View Details
    • $350,000
      3,125 SF

      York Commercial Condo on Route One

      3,125 SF commercial condo on Route One in York.
      433 Rte 1, York, ME 03909
      View Details
    • $370,000
      3,125 SF

      Route One Flex Space For Sale

      York, ME commercial condo: 3,125 sq ft, high traffic location.
      433 Us-1, York, ME 03909
      View Details
    • $275,000
      3.04 Acres

      Route One Commercial Land

      Arundel, ME industrial land for sale.
      9/10 Enterprise Dr, Arundel, ME 04046
      View Details
    • $385,000
      3,125 SF

      Route One York Commercial Condo

      Prime Location, Versatile Space, High Traffic
      433 Rte, York, ME 03909
      View Details
    • Contact for pricing
      50,056 SF

      Historic Warehouse Facility on River

      Unique opportunity: historic warehouse with redevelopment potential near Presumpscot River.
      3 Mallison Falls Rd, Windham, ME 04062
      View Details
    • $1,250,000
      7,690 SF

      Brunswick Multi-Level Office Building

      Well-maintained office building with income potential near town center.
      22 Parkers Way, Brunswick, ME
      View Details
    • $375,000
      2,970 SF

      Spacious Two-Story Office Condominium

      Two-story office condominium in a well-established professional complex.
      62 Portland Rd, Kennebunk, ME 04043
      View Details
    • Contact for pricing

      Arundel Business Park Land Opportunity

      Land for sale in thriving business park off Route One.
      Enterprise Dr, Arundel, ME 04046
      View Details
    • $165,000

      50 Acre Land Parcel

      Large raw land parcel suited for agriculture or solar farm.
      826 Atlantic Hwy, Nobleboro, ME
      View Details

    For Lease (8)

    View map
    • $24 SF/Yr
      9,362 SF

      Kennebunk Mixed-Use Retail Space

      Prime Kennebunk location, multiple suites available.
      58 Portland Rd, Kennebunk, ME 04043
      View Details
    • $2 SF/Yr
      43,560 SF

      Prime Scarborough Commercial Land

      1 Acre Pad Site, High Traffic Area
      591 Us-1, Scarborough, ME 04074
      View Details
    • $35 SF/Yr
      1,400 SF

      Saco, ME Creative Office Space

      1,400 SF Retail/Office, Prime Location
      70 Elm St, Saco, ME 04072
      View Details
    • $14 SF/Yr
      1,300 SF

      Prime Office Space on Route One

      Well-maintained Yarmouth office space with high visibility and accessibility.
      915 Us-1, Yarmouth, ME
      View Details
    • $14 SF/Yr
      2,068 SF

      Class A Office Space

      Premier office space in a highly visible, accessible location.
      23 Bowdoin St, Manchester, ME 04351
      View Details
    • Contact for pricing
      1,477 SF

      York Beach Retail Space Available

      Turn-key retail opportunity in a high-traffic York Beach location.
      7 Railroad Ave, York, ME 03909
      View Details
    • $90,000

      Prime Pad Site For Lease

      1 +/- acre pad site in Scarborough, Maine.
      591 Us-1, Scarborough, ME
      View Details
    • $16 SF/Yr
      2,596 SF

      Westbrook Flex/Industrial Building For Rent

      High-visibility flex/industrial building near Maine Turnpike Exit 46.
      319 County Rd, Westbrook, ME 04092
      View Details

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    Kirk Butterfield, Portland, ME
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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.

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