Add Listing
    For Sale
    • 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

    Gorham Industrial Pkwy Gorham, ME 04038

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    6± Acres Industrial Land, $500,000

    Property Features for 0 Gorham Industrial Pkwy

    General Information

    Property type
    Land
    Lot Size
    261,360 SF

    We can help!

    Listing Contact
    Mike Anderson
    Mike Anderson

    Listing Agent: Mike Anderson

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

    Learn more

    Overview

    This exceptional 6± acre industrial lot, located at Gorham Industrial Pkwy, Lot 3 in Gorham, Maine (04038), presents a prime opportunity for development. Zoned for industrial use, this parcel offers significant potential for a variety of projects. The property boasts convenient access to I-95 and other major transportation corridors, ensuring seamless logistics. Public utilities, including natural gas and 3-phase power, are readily available. This lot is part of a larger development offering town-owned lots ranging from 3.4± to 94± acres, capable of accommodating buildings from 15,000± to 250,000± square feet. The southern section of the development is undergoing subdivision and DEP approvals, including stormwater management. Situated adjacent to the existing Gorham Industrial Park, this land benefits from its location within one of Southern Maine's fastest-growing communities. The asking price for this specific 6± acre lot is $500,000. This represents a unique chance to acquire a well-situated industrial property in a thriving market. The Cumberland County location provides excellent access to a skilled workforce and a robust regional economy. Don't miss this chance to secure your future in Gorham's dynamic industrial landscape.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Gorham
    County
    Cumberland
    State
    Maine
    Longitude
    -70.3912755
    Latitude
    43.6821629

    Nearby Similar for Sale

    • $625,000
      2,233 SF

      Commercial Building in Gorham Village

      Well-maintained commercial building with flexible space in Gorham, Maine.
      10 Elm St, Gorham, ME 04038
      View Details
    • New
      $598,500
      2,708 SF

      Gorham Duplex: Income Potential

      Well-maintained duplex in Gorham with strong income history.
      12 Strouts Way, Gorham, ME 04038
      View Details
    • Contact for pricing
      2,234 SF

      Versatile Office Building in Gorham

      2,234± SF office building on 1.91± AC near Portland.
      61 County Rd, Gorham, ME 04038
      View Details
    • $999,000
      5.31 Acres

      Gorham Commercial Land - High Visibility

      5.31 Acres, Prime Gorham Location, Development Potential
      18 Vis Dr Dr, Gorham, ME 04038
      View Details

    FAQs

    What type of property is this?
    Land - 6± Acres Industrial Land, $500,000
    Where is this land located?
    The property is located at Gorham Industrial Pkwy Gorham, ME.
    What is the asking price?
    The asking price for this property is $500,000.
    What are key features of this property?
    This property features: Town-owned lots ranging from 3.4 to 94 acres available.; Building sizes from 15,000 to 250,000 square feet can be accommodated.; Industrial zoning allows for diverse uses.
    Request Owner's contact information
    Gorham Industrial Pkwy Gorham, ME 04038
    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.
    Gorham Industrial Pkwy
    Gorham, ME 04038
    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
    Gorham Industrial Pkwy Gorham, ME 04038
    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 Mike Anderson
    Mike Anderson
    Real Estate License ID: 918812
    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!