Scarborough Office Building For
For Sale
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482 Payne Road, Scarborough, ME 04074
38,784 square foot office building in Scarborough, Maine.
Property Size38,784 SF
Price / SF$204.98
Days on Market2736
Property Features for 482 Payne Road
General Information
Standard status
Active
Size
38,784 SF
Class
A
Total Parking Spaces
157
Property subtype
Office
Zoning
B-2 Regional Business
Lease Type
NNN
Building Details
Year Built
1987
Buildings
1
Stories
4
Tenancy
Multi
Listing Agency:
Malone Commercial Brokers
Listed By:
Jennifer Small · License #ME 906232
(207) 772-2422
Source:
Crexi
Added: Apr 12, 2019
Changed: Oct 3
Last Checked: Oct 5 at 3:31PM
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 Malone Commercial Brokers
Investment Insights
Based on property information with market context.
This commercial real estate offering features an office building with a total area of 38,784 square feet. The property is located in Scarborough, Maine.
Key Highlights
- 38,784 square foot office building
- Located in Scarborough, Maine
- Built in 1987
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$555,236
Cap Rate
6.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$11,104,720
$11.1M
Cap Rate 7%
$7,931,943
$7.9M
Cap Rate 9%
$6,169,289
$6.2M
Market Conditions
NOI Build-Up for 38,784 SF
Gross rent
$847.0K $21.84/SF
− Vacancy
−$106.7K −$2.75/SF
EGI
$740.3K $19.09/SF
− OpEx
−$185.1K −$4.77/SF
NOI
$555.2K $14.32/SF
Area
Cumberland County, ME
Vacancy
12.60%
Lease Rate
$21.84 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$11,104,720
Cap Rate 7%
$7,931,943
Cap Rate 9%
$6,169,289
Alternative Uses
Best Use
Office B
$7.93M
$6.94M – $9.25M
NOI $555,236 @ 7.0% cap · market cap 6.98%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$10.66M
$9.33M – $12.44M
NOI $746,187 @ 7.0% cap · market cap 9.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
538
Businesses Nearby
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Office building - 38,784 square foot office building in Scarborough, Maine.
Where is this office building located?
The property is located at 482 Payne Road Scarborough, ME.
What is the asking price?
The asking price for this property is $7,950,000.
What are key features of this property?
This property features: 38,784 square foot office building; Located in Scarborough, Maine; Built in 1987
