Flex Space with Loading
For Sale
$1,300,000
224 Gorham Road, Scarborough, ME 04074
Commercial Sale, Scarborough, ME
Property Size4,960 SF
Lot Size1.33 Acres
Price / SF$262.10
Days on Market50
Property Features for 224 Gorham Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
TVC3
Parking features
Off Street
Interior features
Storage
Lot features
Near Turnpike/ Interstate, Near Shopping
Standard status
Active
Size
4,960 SF
Lot size
1.33 Acres
Additional Details
Property Use
Office, Production, Flex, Storage
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
9189
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Propane (Heating), Forced Air
Cooling system
Heat Pump
Water source
Private
Building Details
Year built
1970
Flooring type
Concrete, Carpet, Laminate
Building materials
Steel Frame, Metal Clad
Roof type
Metal
Additional Structures
Storage
Listing Agency:
Keller Williams Realty
(207) 879-9800
Listed By:
Alexandru Pirleci
(207) 239-6606
Added: Sep 18
Changed: Oct 27
Last Checked: Nov 6 at 5:06AM
MLS# 1681240
Copyright © 2026 Maine Listings. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 4,960-square-foot flex property sits on 1.33 acres and combines office, production, flex, and storage areas within a steel-frame, metal-clad building. Loading is supported by one dock-height door and one drive-in bay, while the site includes off-street parking and green space. The building dates to 1970 and features a metal roof, concrete, laminate, and carpet flooring, forced-air heating, heat pump cooling, private water, and public sewer.
Recent work includes a paved parking lot, upgraded dock area and loading ramp, new overhead doors, refreshed office flooring, a new roof, upgraded HVAC, and a third restroom. Pylon signage fronts Gorham Road. The property is near interchanges for I-295 and the Maine Turnpike, with Walmart, Sam's Club, Lowe's, Marden's, Shaw's Supermarket, and Nonesuch River Brewing among the nearby businesses and amenities.
Recent work includes a paved parking lot, upgraded dock area and loading ramp, new overhead doors, refreshed office flooring, a new roof, upgraded HVAC, and a third restroom. Pylon signage fronts Gorham Road. The property is near interchanges for I-295 and the Maine Turnpike, with Walmart, Sam's Club, Lowe's, Marden's, Shaw's Supermarket, and Nonesuch River Brewing among the nearby businesses and amenities.
Key Highlights
- 4,960 SF flex building on 1.33 acres
- One dock‑height door and one drive‑in bay
- Paved parking lot with upgraded dock area and loading ramp
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,541
Cap Rate
2.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$770,820
$770.8K
Cap Rate 7%
$550,586
$550.6K
Cap Rate 9%
$428,233
$428.2K
Market Conditions
NOI Build-Up for 4,960 SF
Gross rent
$47.0K $9.48/SF
− Vacancy
−$1.7K −$0.34/SF
EGI
$45.3K $9.14/SF
− OpEx
−$6.8K −$1.37/SF
NOI
$38.5K $7.77/SF
Area
Cumberland County, ME
Vacancy
3.57%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$770,820
Cap Rate 7%
$550,586
Cap Rate 9%
$428,233
Alternative Uses
Best Use
Warehouse
$550.6K
$481.8K – $642.4K
NOI $38,541 @ 7.0% cap · market cap 2.96%
Second Best
Industrial
$453.4K
$396.8K – $529.0K
NOI $31,740 @ 7.0% cap · market cap 2.44%
Theoretical Best
Office A
$1.36M
$1.19M – $1.59M
NOI $95,428 @ 7.0% cap · market cap 7.34%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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See the owner, sales and loan history
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Current Use
Lease Details
1
Dock-high doors
1
Drive-in doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
369
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 04074, ME
21,952
Population
10,561
Households
2.1
Avg Household Size
46
Median Age
58%
College-Educated
99%
High-School Grad
47.6 sq mi
ZIP Area
461
Density / Sq Mi
$125,642
Median Household Income
$55,955
Median Earnings
$1,821
Median Rent
$502,700
Median Home Value
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Market
Vacancy Rate% for Industrial in Northeast region
Similar Off Market Nearby
- Cargo Pizza Company — 51 Dynamic Dr Ste 2, Scarborough, ME 04074
- CVC Catering Group — 500 Southborough Dr # 503, South Portland, ME 04106
- Seas Catering, LLC — 500 Southborough Dr Suite LL3, South Portland, ME 04106
Frequently Asked Questions
What type of property is this?
Flex space - Office, production, and storage areas support varied commercial operations.
Where is this flex space located?
The property is located at 224 Gorham Road Scarborough, ME.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: 4,960 SF flex building on 1.33 acres; One dock‑height door and one drive‑in bay; Paved parking lot with upgraded dock area and loading ramp
