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Property profile & analytics
OFF-MARKET Estimated value $1,150,000
Retail properties & Spaces

23 Bridgton Rd Westbrook, ME 04092-3653

7,000 SF 0.77 ac lot Built 1988
Individually Owned 4-yr Hold ~ Est. High Equity
Property ID
US42-0258713
Property summary
AI-generated overview

This exceptional commercial property at 23 Bridgton Road in Westbrook, Maine, offers 7,000 square feet of traditional office space within a well-maintained, free-standing building. Constructed in 1988, this two-story Class B building sits on a 0.77-acre lot (APN 016/005) and is zoned HS Highway Service. Currently, there are multiple suites available, ranging from 650 to 1,450 square feet, ideal for a variety of businesses. The property boasts a highly visible location just off the Portland city line, providing easy access to the Maine Turnpike (I-95) and significant daily traffic volume of 21,620 vehicles (AADT 2022). Ample on-site parking is available for tenants and their clients. The surrounding area features a variety of established businesses, including Dunkin', Hannaford, Allagash, and 7-Eleven, creating a vibrant and convenient commercial environment. This Cumberland County property presents a fantastic opportunity for businesses seeking a well-located and functional office space. The building's single structure and convenient access points make it an attractive option for companies of various sizes. The property's location ensures high visibility and accessibility, making it an ideal choice for businesses seeking a strong presence in the Westbrook market.

Property profile
Verified
Property type Retail properties & Spaces
Use group DEPARTMENT STORE
Year built 1988
Construction FRAME
Total area 7,000 SF
Lot 0.77 ac (33,541 SF)
Zoning code 18
APN WSBR M:016 L:005
UPID US42-0258713
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
  • Michael L. Viricel, MSPT Physician
  • Gregory W. Knapton, PT Physician
  • Tee'n Tee Golfland Golf Course
  • I .T. Link Maine Tech Support Center IT Consulting Firm
  • Solari Appraisers Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$1.28M
CAP Approach CAP
$1.13M
Comparable Approach Comparable
$1.18M
Blend (final) Blend
$1.15M
Owner & transaction history
Joy Re Of Westbrook 2 · 4 yrs held
Joy Re Of Westbrook 2
since 2022
Last sale
$1.1M
2 recorded transactions
2022
$1.1M
2022
Price N/A
Zoning & alternative use
18 · Westbrook, ME
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general) $1.6M +19.2%
Office building $1.4M +2.2%
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