Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    501 County Rd Westbrook, ME 04092

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $14 SF/Yr ($18,666 /Mo)

    16,000± SF single-story office building in Westbrook's Industrial Park.

    Property size:
    16,000 SF
    Lot size:
    2.68 Acres

    Property Features for 501 County Rd

    General Information

    Size
    16,000 SF
    Lot size
    2.68 Acres

    We can help!

    Listing Contact
    Nicholas Lucas
    Nicholas Lucas
    Source: Moodyscre

    Listing Agent: Nicholas Lucas

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Westbrook Office Building For Lease

    This is a 16,000± square foot single-story, standalone office building featuring 64 parking spaces. The property is located in a visible location within Westbrook’s Industrial Park District Zone and includes two garage bays totaling 2,000± square feet. It is situated less than 2 miles from the Maine Turnpike (I-95). The property is partially furnished, and tenant improvement packages are available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    SGC Engineering LLC Land Surveyor Lloyd's Register Business To Business Service SBC Engineer

    Suggested Use

    Law Firm Spa & Massage Dental Office Building Supply Auto Repair Shop Gym & Fitness Pharmacy Clothing Store Department Store Food Market

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Westbrook
    County
    Cumberland
    State
    Maine
    Longitude
    -70.3657415
    Latitude
    43.6503964

    Nearby Similar for Lease

    • $11 SF/Yr
      3,095 SF

      Westbrook Office/Flex Space Available

      Office and flex spaces for lease in Westbrook, Maine.
      39 Mechanic St, Westbrook, ME 04092
      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
    • $13 SF/Yr
      3,216 SF

      Westbrook Retail/Office Space Available

      Versatile 3,216 SF retail/office space in growing Westbrook.
      33 Elmwood Ave, Westbrook, ME 04092
      View Details
    • $9 SF/Yr
      13,770 SF

      Westbrook Industrial Flex Space

      13,770 SF Flex Space, I-95 Access
      15 Saunders Way, Westbrook, ME 04092
      View Details
    • Contact for pricing
      201,798 SF

      Westbrook Retail Space For Lease

      Prime Westbrook retail space available.
      31 Main St, Westbrook, ME 04092
      View Details
    • $16 SF/Yr
      17,919 SF

      Westbrook Office Space for Lease

      Class A Office, Flexible Layouts, Ample Parking
      202 Larrabee Rd, Westbrook, ME 04092
      View Details
    • Contact for pricing
      20,000 SF

      Modern Westbrook Industrial Space

      20,000 SF Flex Warehouse, Immediate Occupancy
      860 Spring St, Westbrook, ME 04092
      View Details
    • $11 SF/Yr
      4,379 SF

      Westbrook Office Space For Rent

      First floor office space with flexible layout and direct entry.
      865 Spring St, Westbrook, ME 04092
      View Details
    • Contact for pricing
      5,085 SF

      New Retail Space on Riverwalk

      New construction retail space in downtown Westbrook apartment development.
      4-7 Dana St, Westbrook, ME 04092
      View Details
    • $12 SF/Yr
      4,800 SF

      Westbrook Warehouse/Flex Space Available

      Warehouse/flex space in Westbrook, easily accessed from Maine Turnpike.
      4 Thomas Dr, Westbrook, ME 04092
      View Details
    • $16 SF/Yr
      4,340 SF

      Westbrook Office Space for Lease

      Prime Westbrook location, high visibility, ample parking.
      1389 Bridgton Rd, Westbrook, ME 04092
      View Details
    • $2,250 /Mo
      1,425 SF

      Westbrook Office Space For Lease

      1,425± SF office space available in Westbrook, Maine.
      23-25 Bridgton Rd, Westbrook, ME 04092
      View Details

    FAQs

    What type of property is this?
    Office building - 16,000± SF single-story office building in Westbrook's Industrial Park.
    Where is this office building located?
    The property is located at 501 County Rd Westbrook, ME.
    What is the lease rate?
    The lease rate is $14 SF/Yr.
    What are key features of this property?
    This property features: - 16,000± SF single story, standalone office building with **64 parking spaces**; - Visible location in Westbrook’s Industrial Park District Zone; - Located less than 2 miles from the Maine Turnpike (I-95)
    (207) 557-3513
    Request Owner's contact information
    501 County Rd Westbrook, ME 04092
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    501 County Rd
    Westbrook, ME 04092
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    501 County Rd Westbrook, ME 04092
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Nicholas Lucas
    Nicholas Lucas
    (207) 557-3513
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.