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    430 Gorham Rd South Portland, ME 04106

    • Retail properties
    • 30,000 SF
    • 2.32 lot acres
    For Lease
    View listing
    $28 SF/Yr
    Value Estimation
    Location Intelligence
    Property ID
    US42-0122006
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Retail properties

    Property Details for 430 Gorham Rd

    Year built
    1995
    Construction
    STEEL FRAME
    Lot size
    2.32 lot acres
    Property size
    30,000 SF
    Zone code
    MM
    Property type
    Retail properties
    APN
    SPOR M:074-B L:004-D
    APU
    SPORM074BL004D

    Description

    This exceptional retail property at 430 Gorham Road in South Portland, Maine, offers 30,000 square feet of space in a high-traffic location. Currently partially occupied by Books-A-Million, this property boasts two suites available for lease, ranging from 2,500 to 8,214 contiguous square feet. A significant 13,214 square feet is currently vacant, presenting a unique opportunity for expansion or multiple tenants. The property sits on a 2.32-acre lot and includes ample on-site parking, a key advantage for customers and employees. Built in 1995, the building is zoned CCR (Central and Regional Commercial District) within Cumberland County, providing flexibility for various retail and restaurant uses. Its strategic location next to Macy's at the Maine Mall ensures high visibility and access to a substantial customer base drawn from throughout New England and Canada. The Maine Mall's status as Maine's premier retail destination further enhances the property's appeal. In addition to the in-line retail space, a pad site is available for lease, suitable for a standalone building of 2,500 to 5,000 square feet, potentially including a drive-thru. This presents a versatile opportunity for a variety of businesses seeking a prominent location within a thriving retail environment. The property's size, location, and existing tenant provide a strong foundation for success.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    South Portland
    County
    Cumberland
    State
    Maine
    Longitude
    -70.3346
    Latitude
    43.6367
    CBSA code
    38860
    CBSA name
    PORTLAND-SOUTH PORTLAND-BIDDEFORD, ME METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $77,733
    $2,635,800
    $2,861,600
    $5,497,400
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

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      225 Waterman Dr

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    • Value Estimation
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      100 Gorham Rd

      DEPARTMENT STORE • 6,380 SF
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    • Value Estimation
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      331 Lincoln St

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    • Value Estimation
      $405,000
      1,936 SF

      684 Main St

      DEPARTMENT STORE • 1,936 SF
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      View Details

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    430 Gorham Rd
    South Portland, ME 04106
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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
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