Property profile

175 Running Hl Rd South Portland, ME 04106

OFF-MARKET
Office buildings
Property ID
US42-0168635
58,521 SF 13.09 ac lot Built 1983
Entity Owned 6-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1983
Construction STEEL FRAME
Total area 58,521 SF
Lot 13.09 ac (570,200 SF)
APN SPOR M:073 L:007-A
UPID US42-0168635

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
  • Insurance Agency
  • Insurance Agency
  • Insurance Agency
  • Insurance Agency
  • Insurance Agency

Location

175 Running Hl Rd South Portland, ME 04106-3220
South Portland metro Census 3002 PORTLAND-SOUTH PORTLAND-BIDDEFORD, ME METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$13.75M
Comparable Approach Comparable
$11.02M
Blend (final) Blend
$10.46M

Owner & transaction history

since 2020
2 recorded transactions
2020
Price N/A
2007
Price N/A

Zoning & alternative use

Top alternative use upside
Commercial (general) $12.6M +17.6%
Retail stores $11.9M +10.6%

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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