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    58 Portland Rd Kennebunk, ME 04043

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    For Lease
    $24 SF/Yr ($18,724 /Mo)

    Prime Kennebunk location, multiple suites available.

    Lot size:
    9,362 SF

    Property Features for 58 Portland Rd

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    9,362 SF
    Total Rate
    18724

    Building Details

    Year Built
    1978

    Spaces For Lease

    at 58 Portland Rd, Kennebunk, ME 04043 Contact us
    Unit Suite 18

    $109 /Mo

    Size
    1,836 SF
    Contact us
    Unit Suite 8

    $38 /Mo

    Size
    150 SF
    Contact us
    Unit Suite 9B

    $28 /Mo

    Size
    200 SF
    Contact us
    Unit Suite 16

    $42 /Mo

    Size
    100 SF
    Contact us
    Unit Suite 12C

    $24 /Mo

    Size
    150 SF
    Contact us
    Show more

    We can help!

    Listing Contact
    Kirk Butterfield
    Kirk Butterfield

    Listing Agency: Keller Williams Realty Listing Agent: Kirk Butterfield

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

    Learn more

    Property Insight Report

    Overview

    This 9,362 square foot mixed-use building at 58 Portland Road in Kennebunk, Maine, offers exceptional retail and office space opportunities. Built in 1978 and zoned Prmu - Portland Rd Mixed Use, this property boasts a prime location directly on Route One, placing businesses within the heart of Kennebunk's retail hub. The building currently features multiple tenancies, with 1,738 square feet of vacant space available. Individual suites range from a minimum of 150 square feet to a maximum contiguous space of 588 square feet, providing flexibility for businesses of various sizes. The property is situated in York County and offers a quiet yet highly accessible setting, ideal for professionals seeking a convenient and established business location. This is an excellent opportunity to establish or expand your business within a thriving community. The building's mixed-use zoning allows for a diverse range of commercial uses, making it a versatile option for entrepreneurs and established businesses alike. The address is 58 Portland Road, Kennebunk, ME 04043.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Oliver's Trade Show Venue Patrick Raftery Law Firm kennebunk professional center Business Service Center Dr. Donna Benjamin Physician Dr. Wesley Mills, ... Dental Office

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Kennebunk
    County
    York
    State
    Maine
    Longitude
    -70.5321789
    Latitude
    43.3953732

    Nearby Similar for Lease

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      Retail Space on Main Street

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      68-72 Main St, Kennebunk, ME 04043
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      Professional Office Suites For Rent

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      Kennebunk Retail Development Opportunity

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      View Details

    FAQs

    What type of property is this?
    Office space - Prime Kennebunk location, multiple suites available.
    Where is this office space located?
    The property is located at 58 Portland Rd Kennebunk, ME.
    What is the lease rate?
    The lease rate is $24-$109 SF/Yr.
    What are key features of this property?
    This property features: High-visibility Route 1 location with signage.; Multiple spaces and configurations available, ranging from 150 to 588 contiguous sq ft.; Prime Kennebunk retail hub location.
    (207) 205-4007
    Request Owner's contact information
    58 Portland Rd Kennebunk, ME 04043
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    Kennebunk, ME 04043
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    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
    58 Portland Rd Kennebunk, ME 04043
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    We can help!
    Listing Contact
    Kirk Butterfield
    Kirk Butterfield
    Real Estate License ID: MAINEBR918896
    (207) 205-4007 (207) 879-9800 (207) 774-7715
    Learn more
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