Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    860 Spring St Westbrook, ME 04092

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    20,000 SF Flex Warehouse, Immediate Occupancy

    Lot size:
    20,000 SF

    Property Features for 860 Spring St

    General Information

    Property type
    Distribution properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    20,000 SF
    Class
    A

    Building Details

    Year Built
    2023
    Buildings
    1
    Stories
    1

    Spaces For Lease

    at 860 Spring St, Westbrook, ME 04092 Contact us

    We can help!

    Listing Contact
    Gregory Boulos
    Gregory Boulos

    Listing Agency: The Boulos Company Listing Agent: Gregory Boulos

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

    Learn more

    Property Insight Report

    Overview

    This exceptional 20,000-square-foot Class A industrial space in Westbrook, Maine, is a brand-new, single-tenant flex/warehouse/distribution facility built in 2023. Located at 860 Spring Street, within the Colonel Westbrook Executive Park, this property boasts a 25-foot clear ceiling height, two loading docks, and one drive-in door, ensuring efficient operations. The 4.49-acre site offers ample on-site parking and excellent visibility from Spring Street and County Road. Its strategic location provides easy access to major transportation arteries, including Exit 46 of the Maine Turnpike (I-295) and the Portland International Jetport, making it ideal for businesses needing convenient access to regional and national transportation networks. The property is zoned IPD (Industrial Park District) and features a masonry building construction. The building is ready for immediate occupancy. APN: Map 3, Lot 101A. This is a rare opportunity to secure a modern, high-quality industrial space in the Greater Portland submarket. The property's size, features, and location make it an attractive option for a variety of businesses.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Trane Supply Big Box & Wholesale Store Trane HVAC Service Support Services Group ... Telecommunications Service Trane - Heating & Cooling ... Big Box & Wholesale Store

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Building Supply Dental Office Auto Repair Shop Gym & Fitness Center Pharmacy Department Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Westbrook
    County
    Cumberland
    State
    Maine
    Longitude
    -70.3567664
    Latitude
    43.6503868

    Nearby Similar for Lease

    • $16 SF/Yr
      2,596 SF

      Westbrook Flex/Industrial Building For Rent

      High-visibility flex/industrial building near Maine Turnpike Exit 46.
      319 County Rd, Westbrook, ME 04092
      View Details
    • Contact for pricing

      Retail Sublease in Westbrook Crossing

      62,276 SF retail sublease available until 2/29/32 in Westbrook, ME.
      31 Main St, Westbrook, ME 04092
      View Details
    • $14 SF/Yr
      16,000 SF

      Westbrook Office Building For Lease

      16,000± SF single-story office building in Westbrook's Industrial Park.
      501 County Rd, Westbrook, ME 04092
      View Details
    • Contact for pricing
      62,276 SF

      Westbrook Retail Sublease Opportunity

      62,276 SF retail sublease in Westbrook Crossing.
      1-51 Main St, Westbrook, ME 04092
      View Details
    • Contact for pricing
      7,400 SF

      Retail Space at Larrabee Complex

      7,400± SF retail space for lease, excellent visibility.
      100 Larrabee Rd, Westbrook, ME 04092
      View Details
    • Contact for pricing
      1,425 SF

      Westbrook Office Space For Lease

      1,425± SF office space available in Westbrook, Maine.
      23-25 Bridgton Rd, Westbrook, ME 04092
      View Details
    • Contact for pricing
      5,085 SF

      New Retail Space on Riverwalk

      New construction retail space in downtown Westbrook apartment development.
      4-7 Dana St, Westbrook, ME 04092
      View Details
    • Contact for pricing
      2,089 SF

      Westbrook Office/Flex Space Available

      Renovated office/flex space in historic Westbrook mill building.
      506 Main St, Westbrook, ME 04092
      View Details
    • Contact for pricing
      4,379 SF

      Westbrook Office Space For Rent

      First floor office space with flexible layout and direct entry.
      865 Spring St, Westbrook, ME 04092
      View Details
    • Contact for pricing
      3,216 SF

      Westbrook Retail/Office Space Available

      Versatile 3,216 SF retail/office space in growing Westbrook.
      33 Elmwood Ave, Westbrook, ME 04092
      View Details
    • Contact for pricing
      4,800 SF

      Westbrook Warehouse/Flex Space Available

      Warehouse/flex space in Westbrook, easily accessed from Maine Turnpike.
      4 Thomas Dr, Westbrook, ME 04092
      View Details
    • Contact for pricing
      6,035 SF

      Westbrook Warehouse Space for Lease

      6,035± SF warehouse space available near Maine Turnpike Exit.
      185 Warren Ave, Westbrook, ME 04092
      View Details

    FAQs

    What type of property is this?
    Distribution property - 20,000 SF Flex Warehouse, Immediate Occupancy
    Where is this distribution property located?
    The property is located at 860 Spring St Westbrook, ME.
    What are key features of this property?
    This property features: 20,000 SF Class A industrial building in Westbrook, ME.; New construction (2023), single-tenant flex/warehouse/distribution facility.; 25' clear ceiling height, two loading docks, one drive-in door.
    (207) 772-1333 Call to check price and availability
    Request Owner's contact information
    860 Spring St Westbrook, ME 04092
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    860 Spring St
    Westbrook, ME 04092
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    860 Spring St Westbrook, ME 04092
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Gregory Boulos
    Gregory Boulos
    Real Estate License ID: 108812
    (207) 772-1333
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!