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    70 Gray Rd Falmouth, ME 04105

    For Sale
    Contact for pricing

    Class A Office Space, Maine Turnpike Access

    Property size:
    143,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional Class A office building, totaling 143,000 square feet, sits on an expansive 11.27-acre lot in Falmouth, Maine. Conveniently located near Exit 53 of the Maine Turnpike and directly across from a Hannaford supermarket, this three-story building offers unparalleled accessibility. A significant multi-million dollar renovation in 2018 boasts modern, high-end finishes throughout, reflecting its prestigious Class A status. The property features large, open floor plates, ample on-site parking, and a variety of amenities designed to enhance productivity and employee well-being. These include a first-floor cafeteria with a full kitchen and seating area, a fully equipped gym with men's and women's locker rooms and showers, a two-story main entrance atrium, and numerous conference rooms on each floor. Building systems are state-of-the-art, including a new roof and 20 propane-fired rooftop heating units (installed in 2018), a full wet sprinkler system with remote monitoring, and three elevators (two passenger and one freight). The property is zoned WFCMPD (West Falmouth Crossing Master Planned Development) and benefits from a public bus stop on-site. Currently vacant, the property is available for occupancy starting January 1, 2025, presenting a unique opportunity for a discerning tenant seeking a premier office space in a highly desirable location. The building's features cater to a variety of business needs, making it an ideal location for a wide range of corporate tenants.

    Property Features for 70 Gray Rd

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    143,000 SF
    Class
    A
    Lot Size
    490,921 SF

    Building Details

    Year Built/Renovated
    2001/2018
    Buildings
    1
    Stories
    3
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Falmouth
    County
    Cumberland
    State
    Maine
    Longitude
    -70.298243751298
    Latitude
    43.733840968564

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    FAQs

    What type of property is this?
    Office Property / Space - Class A Office Space, Maine Turnpike Access
    Where is this office property / space located?
    The property is located at 70 Gray Rd Falmouth, ME.
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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
    70 Gray Rd Falmouth, ME 04105
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