Professional Office
For Sale
$250,000
62 Portland Rd Unit 41, Kennebunk, ME 04043
Office condo with flexible layout potential, on-site parking, and access to US Route 1.
Property Size1,520 SF
Price / SF$164.47
Days on Market69
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Property Features for 62 Portland Rd Unit 41
General Information
Standard status
Active
Size
1,520 SF
Building Details
Year Built
1984
Listing Agency:
Investcomm Commercial Group
Listed By:
John Anderson
(207) 985-4977
Source:
Samonasgroup
Added: Aug 8
Changed: Oct 12
Last Checked: Oct 7 at 3:07PM
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
Investment Insights
Based on property information with market context.
This professional office condominium contains 1,520 square feet and was built in 1984. The interior is described as bright and functional, with flexibility for office, professional services, or light commercial use. Condo ownership includes shared exterior maintenance and common-area management.
The unit is located at 62 Portland Road, Unit 41, within the Post Road Center business park in Kennebunk. The property has access to US Route 1 and visibility from Portland Road. On-site parking is located adjacent to the building, while signage is available subject to condo association rules. Retail, dining, and services along Route 1 are nearby.
The unit is located at 62 Portland Road, Unit 41, within the Post Road Center business park in Kennebunk. The property has access to US Route 1 and visibility from Portland Road. On-site parking is located adjacent to the building, while signage is available subject to condo association rules. Retail, dining, and services along Route 1 are nearby.
Key Highlights
- 1,520‑square‑foot professional office condominium
- Built in 1984
- Flexible interior layout for office, professional services, or light commercial use
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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Current Use
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office units - Office condo with flexible layout potential, on-site parking, and access to US Route 1.
Where is this office units located?
The property is located at 62 Portland Rd Unit 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 professional office condominium; Built in 1984; Flexible interior layout for office, professional services, or light commercial use
