Property profile

225 Gorham Rd South Portland, ME 04106

OFF-MARKET
Office buildings
Property ID
US42-0487292
72,336 SF 14.49 ac lot Built 2002
Entity Owned Absentee Owner Free & Clear
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Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 2002
Construction STEEL FRAME
Total area 72,336 SF
Lot 14.49 ac (631,184 SF)
Zoning code Z
APN SPOR M:067 L:007
UPID US42-0487292

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
  • Health
  • Home Health Care Service Service Establishment

Location

225 Gorham Rd South Portland, ME 04106-2461
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
$17.00M
Comparable Approach Comparable
$13.44M
Blend (final) Blend
$12.83M

Owner & transaction history

Zoning & alternative use

Z · South Portland, ME
Top alternative use upside
Commercial (general) $15.6M +17.6%
Retail stores $14.7M +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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