Office Condo in Business
For Sale
$250,000
62 Portland Road 41, Kennebunk, ME 04043
The unit combines managed common areas with on-site parking and access to US Route 1.
Property Size1,520 SF
Price / SF$164.47
Days on Market138
Property Features for 62 Portland Road 41
General Information
Standard status
Active
Size
1,520 SF
Property subtype
Office
Additional Details
Highway Access
Yes
Property Use
Office, Professional Services, Light Commercial
Taxes and HOA fees
Annual Taxes
$2,168
Amenities
signage
managed park amenities
Building Details
Building Size
1,520 SF
Year Built
1984
Tenancy
Multi
Listing Agency:
Investcomm Commercial Group
Listed By:
John Anderson
(207) 205-0102
Source:
Oceanviewproperties
Added: Jun 17
Changed: Oct 30
Last Checked: Oct 30 at 2:43PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Investcomm Commercial Group
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Investment Insights
Based on property information with market context.
This 1,520-square-foot office condominium is part of the Post Road Center business park in Kennebunk. Built in 1984, the unit has a bright interior and a flexible layout suited to office, professional services, or light commercial use. Exterior upkeep and common-area management are shared through the condominium association.
Portland Road visibility and access to US Route 1 connect the property with nearby retail, dining, and services. On-site parking is located beside the building. Signage is available subject to condominium association rules.
Portland Road visibility and access to US Route 1 connect the property with nearby retail, dining, and services. On-site parking is located beside the building. Signage is available subject to condominium association rules.
Key Highlights
- 1,520‑square‑foot office condominium
- Built in 1984
- Located in Post Road Center business park in Kennebunk
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,590
Cap Rate
8.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$411,800
$411.8K
Cap Rate 7%
$294,143
$294.1K
Cap Rate 9%
$228,778
$228.8K
Market Conditions
NOI Build-Up for 1,520 SF
Gross rent
$38.3K $25.20/SF
− Vacancy
−$4.0K −$2.62/SF
EGI
$34.3K $22.58/SF
− OpEx
−$13.7K −$9.03/SF
NOI
$20.6K $13.55/SF
Area
York County, ME
Vacancy
10.41%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$411,800
Cap Rate 7%
$294,143
Cap Rate 9%
$228,778
Alternative Uses
Best Use
Office B
$355.7K
$311.2K – $415.0K
NOI $24,898 @ 7.0% cap · market cap 9.96%
Second Best
Healthcare Medical
$294.1K
$257.4K – $343.2K
NOI $20,590 @ 7.0% cap · market cap 8.24%
Theoretical Best
Office A
$481.8K
$421.6K – $562.1K
NOI $33,728 @ 7.0% cap · market cap 13.49%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
445
Businesses Nearby
Explore this area
Business Placement
Demographics for 04043, ME
11,536
Population
6,243
Households
1.8
Avg Household Size
52
Median Age
50%
College-Educated
97%
High-School Grad
35.1 sq mi
ZIP Area
329
Density / Sq Mi
$101,204
Median Household Income
$53,283
Median Earnings
$1,405
Median Rent
$460,600
Median Home Value
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - The unit combines managed common areas with on-site parking and access to US Route 1.
Where is this office unit located?
The property is located at 62 Portland Road 41 Kennebunk, ME.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: 1,520‑square‑foot office condominium; Built in 1984; Located in Post Road Center business park in Kennebunk
