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Property profile & analytics
FOR LEASE
Commercial real estate

202 Larrabee Rd Westbrook, ME 04092

24,419 SF 2.97 ac lot Built 1980
Entity Owned 3-yr Hold ~ Est. High Equity
Property ID
US42-0364169
Property summary
AI-generated overview

202 Larrabee Road in Westbrook, Maine presents a prime opportunity for businesses seeking exceptional Class A office space. This two-story building offers flexible layouts, accommodating tenants needing between 3,525 and 16,421 contiguous square feet. A total of 17,919 square feet is available for lease in a multi-tenant configuration with a minimum divisible space of 3,525 square feet. The property boasts high-quality finishes throughout, reflecting its Class A designation. Its strategic location on the Portland/Westbrook line provides easy access and high visibility. The building benefits from ample free on-site parking, a significant advantage for employees and clients. Furthermore, its proximity to Exit 48 of the Maine Turnpike ensures convenient commuting for those traveling by car. The surrounding area offers a wealth of amenities, including numerous restaurants, retailers, and other businesses such as Market Basket, Chick-fil-A, REI, Cowbell, Starbucks, Big Fin Poke, Firehouse Subs, Home Depot, Amatos, and Dunkin' Donuts, all located within the nearby Rock Row development. The zoning designation for the property is 17. This exceptional office building offers a blend of convenience, accessibility, and a desirable location, making it an ideal choice for a variety of businesses.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1980
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 24,419 SF
Lot 2.97 ac (129,373 SF)
Zoning code 17
APN WSBR M:047 L:002
UPID US42-0364169
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
  • ATM Atm
  • Infinity CU Operations Center Telecommunications Service Tech Support Center
  • Empeople Credit Union Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$3.38M
CAP Approach CAP
by Request
Comparable Approach Comparable
$3.25M
Blend (final) Blend
$3.22M
Owner & transaction history
202 Larrabee Road LLC · 3 yrs held
202 Larrabee Road LLC
since 2022
Last sale
$3.0M
4 recorded transactions
2022
$3.0M
2022
Price N/A
2022
Price N/A
2005
Price N/A
Zoning & alternative use
17 · Westbrook, ME
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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