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    235 Portland Rd Gray, ME 04039

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    For Lease
    $12 SF/Yr ($10,000 /Mo)

    Shell space suitable for retail, office, medical, or light industrial.

    Property size:
    10,000 SF
    Lot size:
    14.00 Acres

    Property Features for 235 Portland Rd

    General Information

    Size
    10,000 SF
    Lot size
    14.00 Acres

    Source: The Boulos Company Agent Noah Stebbins

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

    Overview

    Visible Commercial Space on Portland Road

    This highly visible commercial space features over 580 feet of frontage along Portland Road (Route 100). The available shell space ranges from 5,000 to 10,000 square feet across two floors, ready for a custom build-out. It offers excellent potential for retail, office, medical, or light industrial uses, accommodating a range of tenant needs. The property is located less than 3 miles from ME Turnpike Exit 63, minutes from Gray Village, and just over 15 minutes from Portland. Neighboring businesses include Everon, NU-YAR Construction, SW Cole Engineering, Bruns Bros., and Gray Plaza Shopping Mall. Build-to-suit options and generous tenant improvement allowances are available.
    Insight Report Location Intelligence

    Current Use by Public Records

    Patient Advocates Insurance Agency Portland Safe, Inc Professional Services

    Suggested Use

    Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Hotel & Motel Gym & Fitness Skin Care Clinic Kitchen & Bath Food Market Storage Facility

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

    Location Insight

    • Map
    • Local Demand
    City
    Gray
    County
    Cumberland
    State
    Maine
    Longitude
    -70.321017
    Latitude
    43.8518057

    FAQs

    What type of property is this?
    Office space - Shell space suitable for retail, office, medical, or light industrial.
    Where is this office space located?
    The property is located at 235 Portland Rd Gray, ME.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: - Highly visible commercial space with over 580’ of frontage along Portland Road (Route 100); - 5,000-10,000± SF of shell space available across two floors ready for custom build-out; - Excellent potential for retail, office, medical, or light industrial uses
    (207) 400-6737
    Request Owner's contact information
    235 Portland Rd Gray, ME 04039
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    235 Portland Rd
    Gray, ME 04039
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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
    235 Portland Rd Gray, ME 04039
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