Financial
Distress signals
Property profile

424 Payne Rd Scarborough, ME 04074

FOR LEASE
Other retail properties
Property ID
US42-0169353
4,857 SF 2.94 ac lot Built 1984
Last sale Apr 2023 · $2,400,000
Individually Owned Owner of record is an individual. 3-yr Hold Held for 3 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property is a retail/office suite within a newly constructed mixed-use development, providing 1,928 square feet of interior space. It is located at the intersection of Payne Road and Route 114, with stated traffic counts of 33,340 AADT and visibility from the road. The site is approximately 1.5 miles from Maine Turnpike Exit 40 and roughly 10 minutes from downtown Portland. The surrounding area includes retailers and service businesses such as Walmart, Sam’s Club, Lowe’s, Hannaford, and

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$18k
Tax billed · 2023
Assessed value$1.13M
Assessed land$597k
Assessed improvement$535k
Effective rate1.60%

Value estimate

· Sep 2026
$2.33M
$2.10M – $2.56M
AI approach$2.41M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$190/SF
County average, outlier-cleaned · 86 recorded sales of this use type
Observed band · Q1–Q3$118 – $287

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
22
JurisdictionSCARBOROUGH

Location intelligence

Which uses thrive at this corner?
Best fit: Garden Center
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Garden Center8.2
Carpet & Flooring Store8.2
Catering Service8.2

Location

424 Payne Rd Scarborough, ME 04074
County assessor Recorded deeds · 1 transfer Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 13 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
594 Us Rte 1st, Scarborough, ME 04074-9776 $861,564 May 2024 3,772 SF
108 Mussey, Scarborough, ME 04074-8921 $824,500 May 2024 3,189 SF
224 Gorham, Scarborough, ME 04074-9504 $725,000 Jan 2023 4,960 SF
700 Technology, Scarborough, ME 04074-7661 $1,750,000 Sep 2022 7,759 SF
754 Us Rte 1st, Scarborough, ME 04074-9741 $350,000 Apr 2022 3,024 SF
29 1st, Scarborough, ME 04074-9529 $1,125,000 Apr 2022 4,298 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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