Property profile

189 Waterman Dr South Portland, ME 04106

OFF-MARKET
Auto shops
Property ID
US42-0518872
12,600 SF 2.35 ac lot Built 1997
Entity Owned 4-yr Hold Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 1997
Construction STEEL FRAME
Total area 12,600 SF
Lot 2.35 ac (102,366 SF)
Zoning code Z
APN SPOR M:018 L:007
UPID US42-0518872

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
  • Auto Parts Store

Location

189 Waterman Dr South Portland, ME 04106-3632
South Portland metro Census 3200 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
by Request
Blend (final) Blend
$1.08M

Owner & transaction history

since 2021
1 recorded transaction
2021
Price N/A

Zoning & alternative use

Z · South Portland, ME
Top alternative use upside
Commercial (general) $1.5M +40.4%
Office building $1.4M +26.6%
Retail stores $1.1M +4.2%

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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