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    202 Larrabee Rd Westbrook, ME 04092

    For Lease
    $16 SF/Yr

    Class A Office, Flexible Layouts, Ample Parking

    Lot size:
    17,919 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    202 Larrabee Road in Westbrook, Maine presents a prime opportunity for businesses seeking exceptional Class A office space. This two-story building offers flexible layouts, accommodating tenants needing between 3,525 and 16,421 contiguous square feet. A total of 17,919 square feet is available for lease in a multi-tenant configuration with a minimum divisible space of 3,525 square feet. The property boasts high-quality finishes throughout, reflecting its Class A designation. Its strategic location on the Portland/Westbrook line provides easy access and high visibility. The building benefits from ample free on-site parking, a significant advantage for employees and clients. Furthermore, its proximity to Exit 48 of the Maine Turnpike ensures convenient commuting for those traveling by car. The surrounding area offers a wealth of amenities, including numerous restaurants, retailers, and other businesses such as Market Basket, Chick-fil-A, REI, Cowbell, Starbucks, Big Fin Poke, Firehouse Subs, Home Depot, Amatos, and Dunkin' Donuts, all located within the nearby Rock Row development. The zoning designation for the property is 17. This exceptional office building offers a blend of convenience, accessibility, and a desirable location, making it an ideal choice for a variety of businesses.

    Property Features for 202 Larrabee Rd

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    17,919 SF
    Class
    A

    Building Details

    Stories
    2

    Unit(s) available at that property

    Space
    Available Space 1
    Size
    17,919 SF
    Rate per SF
    $18

    HighLights

    • Class A office building in Westbrook, ME, on the Portland/Westbrook line.
    • Multiple tenancy available, with spaces ranging from 3,525 to 16,421 contiguous square feet.
    • One available space of 3,525 - 17,919 square feet.
    • Two‑story building with flexible layouts.
    • Ample free on‑site parking.
    • Excellent location near Maine Turnpike Exit 48 and numerous amenities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    ATM Atm Infinity CU Operations ... Call Center Empeople Credit Union Credit Union

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Westbrook
    County
    Cumberland
    State
    Maine
    Longitude
    -70.331433888181
    Latitude
    43.681501207446

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    FAQs

    What type of property is this?
    Office Property / Space - Class A Office, Flexible Layouts, Ample Parking
    Where is this office property / space located?
    The property is located at 202 Larrabee Rd Westbrook, ME.
    What is the lease rate?
    The lease rate is $18 SF/Yr.
    What are key features of this property?
    This property features: Class A office building in Westbrook, ME, on the Portland/Westbrook line.; Multiple tenancy available, with spaces ranging from 3,525 to 16,421 contiguous square feet.; One available space of 3,525 - 17,919 square feet.
    Request Owner's contact information
    202 Larrabee Rd Westbrook, ME 04092
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    Westbrook, ME 04092
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    Realmo Value Estimation

    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.

    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.

    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
    202 Larrabee Rd Westbrook, ME 04092
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