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Property profile & analytics
OFF-MARKET Estimated value $11,570,000
Office buildings

2 Delorme Dr Yarmouth, ME 04096-7002

93,752 SF 10.86 ac lot Built 1997
Entity Owned 7-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US42-0472340
Property summary
AI-generated overview

This exceptional investment opportunity presents a fully leased, Class A mixed-use office building totaling 119,665 square feet, situated on approximately 5.6 to 41.2 acres of land in Yarmouth, Maine. The property, built in 1997 and featuring a modern lobby with Class A finishes, boasts a three-story building with a 100% occupancy rate. The property includes a newly completed Magno Terra Cafe, a fitness center, and a training gym, enhancing its appeal and functionality. Strategically located off Exit 17 of I-295, this highly visible property enjoys excellent access to downtown Portland (approximately 10 minutes away). The primary tenant is Garmin (GRMN), a publicly traded company listed on the New York Stock Exchange, providing a stable and secure income stream. This value-add opportunity includes the potential for further development on additional land parcels (three separate parcels available for purchase), offering significant potential for increased income and return on investment. The property is zoned C - Commercial and features one building. The legal description is APN 035-002, and the ownership is held by Global Village Limited Liability. This is a truly exceptional opportunity for investors seeking a high-quality, fully leased asset in a thriving market.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1997
Construction STEEL FRAME
Total area 93,752 SF
Lot 10.86 ac (473,062 SF)
Zoning code 21
APN YMTH M:035 L:002
UPID US42-0472340
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
Current use
Occupant on record · Public records
  • DBN HOLDING Telecommunications Service
  • Blue Lobster Real Estate Real Estate Agency
  • Garmin IT Consulting Firm Data Center
  • Shelby Trained Gym & Fitness Center
  • Magno Terra Cafe Take-out & Catering Catering Service
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$12.81M
Blend (final) Blend
$11.57M
Owner & transaction history
Global Village LLC · 7 yrs held
Global Village LLC
since 2018
1 recorded transaction
2018
Price N/A
Zoning & alternative use
21 · Yarmouth, ME
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source CHAPTER 701
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