Entity Owned Property summary
This exceptional Class A retail investment opportunity, located at 225 Waterman Drive in South Portland, Maine, presents a compelling chance to acquire a fully leased, multi-tenanted property. The 4,040 square foot building, constructed in 1986 and extensively renovated in 2019, sits on a 0.33-acre lot and boasts a prominent corner location at the intersection of Waterman Drive and the Casco Bay Bridge, enjoying high visibility to an estimated 15,466 vehicles daily. The property features two… tenants, both currently operating under 5-year leases with multiple 5-year renewal options, ensuring consistent income. The tenant mix includes a pharmacy/drug store and an office. The ample 20-space parking lot, recently paved, provides convenient access for customers and employees. The property is zoned MCC and includes a dedicated curb cut, further enhancing its accessibility and appeal. This investment offers a strong return with a current occupancy rate of 100%, a price per square foot of $321.78, and an asking price of $1,300,000. The property's strategic location offers easy access via I-295 and the Casco Bay Bridge, making it an attractive destination for both tenants and customers. The single-story building is well-maintained and presents a solid investment opportunity with a stable income stream and significant upside potential. The APN is Map 18, Block 9.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2023
Value estimate
· Sep 2026Realmo valuation models over county records and 3 qualifying comparable sales.
Recently sold
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
No data for this sectionNo zoning code is on file for this parcel. Coverage grows with every catalog release.
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
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 nearbyComparable nearby
Similar Nearby for Sale
Similar Nearby for Lease
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $99/month
- GBA
- 4,040 SF
- Lot area
- 0.33 ac
- Year built
- 1986
- Stories
- 1
- APN
- SPOR M:018 L:009-B
- Assessed value · 2023
- $832,100
- Annual tax · 2023
- $11,766
- Office Building
- Retail Stores · current use
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
- Ownership
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- Value Estimation
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- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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