Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • 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
    Property profile & analytics

    95-97 Darling Ave South Portland, ME 04106

    • Warehouses
    • 42,000 SF
    For Lease
    View listing
    $14 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 95-97 Darling Ave

    Property size
    42,000 SF
    Property type
    Warehouses
    Property subtype
    Industrial properties

    Description

    This exceptional 42,000 square foot industrial warehouse, located at 95-97 Darling Avenue in South Portland, Maine, offers a unique opportunity for food-related businesses. The property is situated in Cumberland County, offering convenient access to major transportation arteries, including I-95 and I-295, ensuring seamless logistics and distribution. Currently available spaces range from 1,553 to 12,000 square feet, providing flexibility for businesses of various sizes. The building is part of a vibrant food-focused campus, Fork Food Labs, fostering collaboration and growth within the local food economy. Permitted uses include manufacturing, production, packaging, storage, and distribution of food-related goods, making it an ideal location for companies in the food industry. The property is a single-tenant building, providing privacy and control. The lease rate is $14.00 per square foot, NNN. This prime location and versatile space present a compelling opportunity for businesses seeking to establish or expand their operations in a thriving food-centric environment. The property's address is 95-97 Darling Avenue, South Portland, ME 04106.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    South Portland
    County
    Cumberland
    State
    Maine
    Longitude
    -70.3307
    Latitude
    43.6403

    Comparable in this City

    • Value Estimation by Request
      6.25 Acres

      10 Portland St

      WAREHOUSE, STORAGE • 6.25 Acres
      10 Portland St, South Portland, ME 04106
      View Details
    • Value Estimation by Request
      6.07 Acres

      55 Lincoln St

      WAREHOUSE, STORAGE • 6.07 Acres
      55 Lincoln St, South Portland, ME 04106-2612
      View Details
    • Value Estimation
      $565,000
      13,691 SF

      1 Hemco Rd

      WAREHOUSE, STORAGE • 13,691 SF
      1 Hemco Rd, South Portland, ME 04106-6217
      View Details
    • Value Estimation by Request
      6,801 SF

      79 Lincoln St

      WAREHOUSE, STORAGE • 6,801 SF
      79 Lincoln St, South Portland, ME 04106-2614
      View Details
    • Value Estimation by Request
      1,053 SF

      697 Main St

      BULK STORAGE, TANKS • 1,053 SF
      697 Main St, South Portland, ME 04106-5422
      View Details
    • Value Estimation by Request
      7,992 SF

      35 Park Ave

      WAREHOUSE, STORAGE • 7,992 SF
      35 Park Ave, South Portland, ME 04106-5644
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,100 SF

      Commercial Zoned Property For Sale

      Commercial zoned property ideal for contractor, roofer, or storage.
      179 Lincoln St, South Portland, ME 04106
      View Details
    • New
      $349,000
      1,628 SF

      South Portland Commercial Condo For Sale

      Commercial condo with contractor bay and office in South Portland.
      2108 Broadway, South Portland, ME 04106
      View Details
    • $2,850,000
      2.90 Acres

      Redevelopment Opportunity at Cash Corner

      High-traffic location with redevelopment potential or lease extension option.
      279 Main St, South Portland, ME 04106
      View Details
    • Contact for pricing
      17,071 SF

      South Portland Medical Office Building

      17,071 SF Medical Office, Ample Parking
      244 Western Ave, South Portland, ME 04106
      View Details
    • $425,000
      1,372 SF

      South Portland Multifamily Investment Opportunity

      Multifamily property with potential for a third unit.
      753 Main St, South Portland, ME 04106
      View Details
    • $699,000
      2,096 SF

      South Portland Triplex with Garage

      Gutted three-unit building in Ferry Village near Willard Beach.
      73 High Street Ct, Portland, ME 04106
      View Details

    Similar Nearby for Lease

    • $14 SF/Yr
      42,000 SF

      South Portland Warehouse Space For Lease

      Food-focused industrial space available.
      95-97 Darling Ave, South Portland, ME 04106
      View Details
    • $15 SF/Yr
      21,000 SF

      Prime Commercial Space - Broadway

      Retail, warehouse, office space available.
      2325 Broadway, South Portland, ME 04106
      View Details
    • $8 SF/Yr
      74,400 SF

      South Portland Industrial Space For Lease

      44,400 SF Manufacturing/Warehouse Space
      165 Pleasant Ave, South Portland, ME 04106
      View Details
    • $14 SF/Yr
      42,000 SF

      South Portland Industrial Campus

      Maine Manufacturing Space Available
      95 Darling Ave, South Portland, ME 04106
      View Details
    • $10 SF/Yr
      39,860 SF

      1 Madison St

      Distribution properties • 39,860 SF
      1 Madison St, South Portland, ME 04106
      View Details
    • Contact for pricing
      12,000 SF

      South Portland Food-Related Campus Space

      Available space on a food-related campus with I-95 access.
      95-97 Darling Ave, South Portland, ME 04106
      View Details
    Request Owner's contact information
    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.
    95-97 Darling Ave
    South Portland, ME 04106
    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
    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

    Google sign-in failed. Please try again or use another login method.