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    254 Western Ave South Portland, ME 04106

    For Sale
    $4,327,286

    Long-term NNN investment with a strong healthcare tenant.

    Property size:
    7,424 SF
    Lot size:
    0.88 Acres

    Property Features for 254 Western Ave

    General Information

    Size
    7,424 SF
    Lot size
    0.88 Acres

    Source: Matthews Real Estate Investments Services | New York Agent Seamus O’Brien

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

    Overview

    South Portland Medical Investment Opportunity

    This property presents an opportunity to acquire a long-term, passively managed asset. The tenant, Paradigm Oral Health, is a large dental support organization (DSO) with over 75 locations and ongoing expansion. A majority interest in Paradigm Oral Health was acquired by BlackRock in April 2023. The property is leased on a NNN basis for approximately 14.9 years, offering a passive investment for buyers. The lease includes annual rental increases of 3%, providing growing cash flow and a hedge against inflation. Paradigm expands by acquiring existing practices that are already successful and established within the community. Healthcare properties are sought-after investments for their resistance to recessions and e-commerce. The property is located at 254 Western Ave, South Portland, ME and has a property size of 7424 square feet.
    Insight Report Location Intelligence

    Current Use by Public Records

    Medical offices

    Suggested Use

    Realty agency Restaurant Law Firm Building Supply Auto Repair Shop Spa & Massage Wholesale Shop Hair Salon Dental Office Nail Salon

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

    Similar Places Nearby

    Petco Vaccination Clinic

    Location Insight

    • Map
    • Local Demand
    City
    South Portland
    County
    Cumberland
    State
    Maine
    Longitude
    -70.32439
    Latitude
    43.6378318

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    FAQs

    What type of property is this?
    Medical office - Long-term NNN investment with a strong healthcare tenant.
    Where is this medical office located?
    The property is located at 254 Western Ave South Portland, ME.
    What is the asking price?
    The asking price for this property is $4,327,286.
    What are key features of this property?
    This property features: - Best-in-class Tenant: Paradigm Oral Health, a large and growing DSO with 75+ locations.; - BlackRock Subsidiary: Majority interest acquired by BlackRock, indicating financial strength and stability.; - **±14.9 Year NNN Investment: Enjoy long-term passive income.**
    (805) 341-2309
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    Realmo Value Estimation

    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.

    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.

    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
    254 Western Ave South Portland, ME 04106
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