Technical
Financial
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Property profile

1 Granny Smith Ct Old Orchard Beach, ME 04064

FOR LEASE
Office buildings
Property ID
US42-0453930
10,173 SF 56 ac lot Built 2005
Entity Owned 2-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional Class A office space, located at 1 Granny Smith Ct in Old Orchard Beach, Maine, offers 2,110 square feet of versatile, open-concept layout. Ideal for businesses requiring secure document storage, this single-tenant space is situated within a professionally managed building constructed in 2004. The building itself totals 9,308 square feet and is a single-story structure, eliminating the need for elevators. The property is zoned for Planned Mixed-Use Development, offering potential for future expansion or adaptation. Located in York County, Maine, zip code 04064, this property presents a rare opportunity for businesses seeking a dry, secure, and conveniently located space for document storage. The space is perfect for attorneys, CPAs, or medical facilities needing off-site storage solutions. This is a single-tenant occupancy within a larger building, ensuring privacy and control. The property's location in Old Orchard Beach provides easy access to local amenities and transportation. Don't miss this chance to secure this exceptional office space.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 2005
Construction FRAME
Total area 10,173 SF
Lot 56 ac (2,439,360 SF)
Zoning code PMUD
APN OOBH M:107 B:3 L:1-G1
UPID US42-0453930

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Law Firm
  • Physician
  • Hair Salon Nail Salon
  • Corporate Office
  • Physician

Location

1 Granny Smith Ct Old Orchard Beach, ME 04064
Old Orchard Beach metro Census 6103 PORTLAND-SOUTH PORTLAND-BIDDEFORD, ME METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.92M
Blend (final) Blend
$1.71M

Owner & transaction history

since 2023
1 recorded transaction
2023
Price N/A

Zoning & alternative use

PMUD · Old Orchard Beach, ME
Zoning description

Planned Mixed Use District (PMUD) Sec. 78-1021. - Purpose. The town is a community with a rich tradition of mixed use neighborhoods and a paucity of land area dedicated for large commercial, light industrial and institut…

General category MIXED_USE
Top alternative use upside
Retail stores $2.8M +43.5%
Commercial (general) $2.8M +43.2%
Restaurant $2.1M +7.7%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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