Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    1641 Portland Rd Arundel, ME 04046

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1641 Portland Rd Arundel, ME 04046

    View on Map
    • Warehouses
    • 10,000 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 1641 Portland Rd

    Year built
    2007
    Property size
    10,000 SF
    Property type
    Warehouses
    Property subtype
    Industrial properties

    Description

    This 5,000 square foot warehouse space, part of a larger 10,000 square foot building constructed in 2007, is available for lease at 1641 Portland Road in Arundel. The property boasts an excellent location with direct access to US Route One, providing easy access to major transportation arteries. Less than five minutes away is I-95 Exit 32, further enhancing its logistical advantages. The warehouse features a generous 18-foot clear ceiling height, ideal for various industrial uses. Access is facilitated by two 14-foot drive-through overhead doors, along with fourteen additional drive-in doors, ensuring efficient loading and unloading. The space includes 225 amp, 208/120 volt, 3-phase power. The property is zoned Downtown Business District II (DB-2) in York County and offers ample on-site parking. This single-suite warehouse within a multi-tenant building presents a compelling opportunity for businesses seeking a well-located, functional industrial space. The building's strategic location and practical features make it an attractive option for a variety of industrial operations. The ample parking and convenient access to major highways are key advantages for businesses requiring efficient logistics and easy employee commuting. This space is ready for immediate occupancy.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Arundel
    County
    York
    State
    Maine
    Longitude
    -70.5147
    Latitude
    43.4231

    Comparable in this City

    • Value Estimation by Request
      4,695 SF

      661 Alfred Rd

      BULK STORAGE, TANKS • 4,695 SF
      661 Alfred Rd, Arundel, ME 04046-8713
      View Details
    • Value Estimation by Request
      1,170 SF

      1120 Portland Rd

      BULK STORAGE, TANKS • 1,170 SF
      1120 Portland Rd, Arundel, ME 04046-8102
      View Details
    • Value Estimation by Request
      4,000 SF

      136 Nn St

      TRUCK TERMINAL (MOTOR FREIGHT) • 4,000 SF
      136 Nn St, Kennebunkport, ME 04046-5810
      View Details
    • Value Estimation by Request
      1,440 SF

      6 Clement Huff Rdc

      CONDOMINIUMS (INDUSTRIAL) • 1,440 SF
      6 Clement Huff Rdc, Kennebunkport, ME 04046
      View Details
    • Value Estimation by Request
      200 SF

      262nd Mls Rd

      INDUSTRIAL (GENERAL) • 200 SF
      262nd Mls Rd, Kennebunkport, ME 04046-5309
      View Details
    • Value Estimation by Request
      1.00 Acre

      Kennebunkport, ME 04046

      INDUSTRIAL (GENERAL) • 1.00 Acre
      Kennebunkport, ME 04046
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      965 SF

      Retail Condo in Dock Square

      Retail condo in Kennebunkport with high foot traffic.
      28-48 Dock Sq, Kennebunkport, ME 04046
      View Details
    • $350,000
      545,806 SF

      Wooded Land with River Frontage

      12.53 acre wooded parcel with 286 feet of river frontage.
      14 River Rd, Kennebunkport, ME 04046
      View Details
    • $749,000
      1.51 Acres

      Kennebunkport Commercial Land Opportunity

      1.51 acre parcel in Kennebunkport's Free Enterprise Zone.
      Venture Way, Kennebunkport, ME 04046
      View Details
    • $1,625,000
      612 SF

      42 Langsford Rd, Kennebunkport, ME 04046

      Retail properties & Spaces • 612 SF
      42 Langsford Rd, Kennebunkport, ME 04046
      View Details
    • $925,000
      12.00 Acres

      Arundel Commercial Land Investment

      High-traffic Route 1 location, 12 acres.
      1903 Portland Rd, Arundel, ME 04046
      View Details
    • $1,350,000
      4.40 Acres

      Kennebunkport Land Opportunity

      Pristine 4.4-acre lot in desirable Kennebunkport location.
      Wildes District Rd, Kennebunkport, ME 04046
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,000 SF

      Flex/Office Building Near Route 1

      Multi-tenanted flex/office building with easy access to I-95.
      39 Limerick Rd, Arundel, ME 04046
      View Details
    • Contact for pricing

      Arundel Business Park Land Opportunity

      Land for sale in thriving business park off Route One.
      Enterprise Dr, Arundel, ME 04046
      View Details
    • Contact for pricing

      Restaurant with Apartments on Route One

      Fully operational restaurant with two apartments on a 2-acre lot.
      1200 Portland Rd, Arundel, ME 04046
      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.
    1641 Portland Rd
    Arundel, ME 04046
    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

    Thank You for Inquiry

    1641 Portland Rd, Arundel, ME, 04046

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!