Property profile

225 Waterman Dr South Portland, ME 04106

OFF-MARKET
Other retail properties
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Property ID
US42-0446791
4,040 SF 0.33 ac Built 1986
Last sale Mar 2025·$1,200,000
Entity Owned Owner of record is a legal entity (LLC / corporation). Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
Market Trends Soon

Property summary

AI-generated overview

This multi-tenant shopping center contains 4,040 square feet of retail space and was constructed in 1986. The property is located at 225 Waterman Dr in South Portland, Maine, and falls within the MCC – Mill Creek Core District zoning designation, which supports its commercial retail use. The building is configured for multi-tenant retail occupancy, with existing building improvements forming the current retail setup.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$12k
Tax billed · 2023
Assessed value$832k
Assessed land$447k
Assessed improvement$385k
Effective rate1.41%

Value estimate

· Nov 2026
$1.09M
$981k – $1.20M
AI approach$1.12M
Submarket $/SF estimate$1.10M

Realmo valuation models over county records and 7 qualifying comparable sales.

Recently sold

What actually traded nearby?
$190/SF
County average, outlier-cleaned · 86 recorded sales of this use type
Observed band · Q1–Q3$118 – $287
Qualifying comparables7

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionSOUTH PORTLAND

Location intelligence

Which uses thrive at this corner?
Best fit: Dental Office
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Dental Office25.5
Auto Repair Shop24.9
Building Supply24.9

Location

225 Waterman Dr South Portland, ME 04106-3634
County assessor Recorded deeds · 5 transfers 7 qualifying comp sales Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 14 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
37 Ocean, South Portland, ME 04106-2827 $250,000 Jul 2024 2,142 SF
321 Lincoln, South Portland, ME 04106-3527 $650,000 May 2024 2,145 SF
101 Ocean, South Portland, ME 04106-2833 $700,000 Mar 2023 4,164 SF
26 Robinson, South Portland, ME 04106-4344 $780,000 Nov 2022 3,275 SF
323 Broadway, South Portland, ME 04106-2905 $675,000 Feb 2022 3,386 SF
100 Gorham, South Portland, ME 04106-2405 $1,750,000 Jan 2022 6,380 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Includes: Price & PSF · Cap rate · Location · Zoning

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