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    OFF-MARKET Estimated value $805,000
    Banks

    170 Ocean St, South Portland, ME 04106-3657

    11,155 SF 1 ac lot Built 1973
    Entity Owned 4-yr Hold ~ Est. High Equity
    Property ID
    US42-0478328
    Property summary
    AI-generated overview

    This exceptional executive office suite, located at 170 Ocean St in South Portland, Maine, offers 1,291 square feet of prime workspace within a larger 11,155 square foot building. The space is immediately available for lease and is part of a multi-tenant building situated in the desirable Mill Creek Core (MCC) zoning district of Cumberland County. Built in 1973, the building provides ample on-site parking for tenants and visitors in a shared lot. The property's address is 170 Ocean St, South Portland, ME 04106 (43.6367608, -70.251697). This location offers easy access to major transportation routes and amenities. The suite is perfect for businesses seeking a professional and convenient office environment. The property type is classified as an office building with an executive office subtype. This is a fantastic opportunity to secure a well-located, ready-to-occupy office space in a thriving Maine community. The total building size is 11,155 square feet, with 1,291 square feet currently vacant and available for lease. This presents a unique chance to establish a presence in a well-maintained building with convenient parking. Inquire today to learn more about this exciting leasing opportunity.

    Property profile
    Verified
    Property type Banks
    Use group FINANCIAL BUILDING
    Year built 1973
    Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Total area 11,155 SF
    Lot 1 ac (43,560 SF)
    APN SPOR M:014 L:189
    UPID US42-0478328
    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
    $655k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $960k
    Blend (final) Blend
    $805k
    Owner & transaction history
    Oceans 170 LLC · 4 yrs held
    Oceans 170 LLC
    since 2021
    2 recorded transactions
    2021
    2020
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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