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Property profile & analytics
OFF-MARKET Estimated value $6,425,000
Showrooms

165 Pleasant Ave South Portland, ME 04106-6226

72,000 SF 2.5 ac lot Built 1962
Individually Owned 12-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US42-0215829
Property summary
AI-generated overview

This exceptional industrial property, located at 165 Pleasant Avenue in South Portland, Maine, offers 44,400 square feet of versatile manufacturing or warehouse space within a 74,400 square foot building situated on 2.5 acres of land. Built in 1962, the single-tenant building boasts a 22-foot ceiling height, providing ample vertical space for storage or operations. The property features convenient access to major transportation arteries, including I-295, I-95 Exit 45, and US Route One, ensuring efficient logistics and distribution. Three loading docks and three drive-in doors facilitate smooth and efficient loading and unloading operations. The property is located in the desirable Rumery Industrial Park in Cumberland County, offering a strategic location within South Portland's thriving industrial sector. The property is currently available for lease and presents a significant opportunity for businesses seeking a well-maintained, strategically located industrial space to accommodate their operational needs. The total building size is 74,400 square feet, with 44,400 square feet currently vacant. This property is ideal for a variety of manufacturing, warehouse, or distribution operations. The zip code is 04106.

Property profile
Verified
Property type Showrooms
Use group SHOW ROOM, WAREHOUSE
Year built 1962
Construction STEEL FRAME
Total area 72,000 SF
Lot 2.5 ac (108,900 SF)
APN SPOR M:040 L:082-A
UPID US42-0215829
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$7.68M
Blend (final) Blend
$6.43M
Owner & transaction history
165 Pleasant Avenue Assoc · 12 yrs held
165 Pleasant Avenue Assoc
since 2014
2 recorded transactions
2014
Price N/A
2005
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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