You are browsing as a guest. Register to access key data for free.
Property profile

236 Gannett Dr South Portland, ME 04106

OFF-MARKET
Office buildings
Property ID
US42-0255761
View Sample
8,000 SF 2.6 ac lot Built 1998
Entity Owned 12-yr Hold Free & Clear

Property summary

AI-generated overview

This exceptional 8,000-square-foot office and flex building, located at 236 Gannett Drive in South Portland, Maine, presents a unique leasing opportunity. Situated on a 2.6-acre lot within the Cummings Road Business Park, this single-tenant property offers unparalleled convenience and accessibility. Built in 1998, the building boasts ample parking with approximately 36 spaces available. The property's zoning is designated as IL - Light Industrial, providing flexibility for a variety of business uses. The building's well-maintained condition is a key advantage, and its fenced exterior offers added security and privacy, making it particularly suitable for businesses requiring secure outdoor space. The location provides easy access to major transportation arteries, including the Maine Turnpike/I-95 and I-295, ensuring seamless commutes for employees and clients. The entire 8,000 square feet is currently vacant and ready for immediate occupancy. This property represents a rare opportunity to secure a substantial, well-located office and flex space in a thriving business park. The property's features and location combine to create an ideal environment for a variety of businesses seeking a functional and accessible space in South Portland, Maine. The zip code is 04106, and the property is located in Cumberland County.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1998
Construction STEEL FRAME
Total area 8,000 SF
Lot 2.6 ac (113,256 SF)
Zoning code TIFD
APN SPOR M:085 L:013
UPID US42-0255761

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.78M
Blend (final) Blend
$1.31M

Owner & transaction history

since 2014
2 recorded transactions
2014
Price N/A
2011
Price N/A

Zoning & alternative use

TIFD · South Portland, ME
Top alternative use upside
Commercial (general) $1.7M +17.6%
Retail stores $1.6M +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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 236 Gannett Dr?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message