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    Property profile & analytics

    240 Main St Westbrook, ME 04092-4733

    • Office buildings
    • 1,520 SF
    • 0.30 lot acres
    OFF-MARKET
    Value Estimation
    $345,000
    Location Intelligence
    Property ID
    US42-0391207
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Miguel Velazquez, D.O. / Osteopath
    • Osteopathic Sport & Spine / Osteopath
    • Miguel Angel Velazquez / Osteopath / Family Practice Physician

    Property Details for 240 Main St

    Year built
    1937
    Construction
    FRAME
    Lot size
    0.30 lot acres
    Property size
    1,520 SF
    Zone code
    11
    Property type
    Office buildings
    APN
    WSBR M:035 L:099
    APU
    WSBRM035L099

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $295,000

    • CAP approach

      CAP return
      Estimation
      6%
      $465,000
      6.5%
      $410,000
      7%
      $410,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $410,000
      Geo Method
      $460,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $435,000
      Retail
      $435,000
      Mixed-Use
      $480,000
      Hospitality
      $495,000
      Educational
      $430,000
      Residential Income
      $490,000
      Energy
      $395,000
      Income-Based Land
      $410,000
      Food Service
      $470,000

    Location Insight

    • Map
    • Local Demand
    City
    Westbrook
    County
    Cumberland
    State
    Maine
    Longitude
    -70.3401
    Latitude
    43.6786
    CBSA code
    38860
    CBSA name
    PORTLAND-SOUTH PORTLAND-BIDDEFORD, ME METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $5,446
    $175,400
    $151,100
    $326,500
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,920,000
      13,864 SF

      501 County Rd

      OFFICE BUILDING • 13,864 SF
      501 County Rd, Westbrook, ME 04092-1921
      View Details
    • Value Estimation
      $280,000
      960 SF

      394 Main St

      OFFICE BUILDING • 960 SF
      394 Main St, Westbrook, ME 04092-4326
      View Details
    • Value Estimation by Request
      7,343 SF

      21 Saco St

      OFFICE BUILDING • 7,343 SF
      21 Saco St, Westbrook, ME 04092-2856
      View Details
    • Value Estimation
      $2,710,000
      11,174 SF

      30 Thomas Dr

      OFFICE BUILDING • 11,174 SF
      30 Thomas Dr, Westbrook, ME 04092-3851
      View Details
    • Value Estimation
      $370,000
      3,488 SF

      2 Church St

      OFFICE BUILDING • 3,488 SF
      2 Church St, Westbrook, ME 04092-3465
      View Details
    • Value Estimation by Request
      8,880 SF

      838 Main St

      OFFICE BUILDING • 8,880 SF
      838 Main St, Westbrook, ME 04092-2847
      View Details

    Similar Nearby for Sale

    • $699,000

      Westbrook Office Space For Sale

      Office property in Westbrook's Manufacturing Zoning District, possible expansion.
      587 Spring St, Westbrook, ME 04092
      View Details
    • $595,000
      2,711 SF

      Westbrook Triplex with Rental Income

      Three-unit property in Westbrook, fully rented with ample parking.
      20 Elmwood Ave, Westbrook, ME 04092
      View Details
    • $425,000

      Westbrook Industrial Land For Sale

      3.24± acres of vacant industrial land for sale.
      31 Spiller Dr, Westbrook, ME 04092
      View Details
    • $575,000
      2,071 SF

      Westbrook Two-Unit Investment Opportunity

      Well-maintained two-unit property near downtown Westbrook with long-term tenants.
      124 Brackett St, Westbrook, ME 04092
      View Details
    • $8,750,000
      61,120 SF

      Prime Westbrook Industrial Hub

      61,120 SF Logistics Facility, $8.75M
      41 Eisenhower Dr, Westbrook, ME 04092
      View Details
    • $165,000
      0.32 Acres

      Wooded Lot Near Transportation Hubs

      Wooded 0.32 acre lot near interstate, airport, and bus.
      Reed St, Westbrook, ME 04092
      View Details

    Similar Nearby for Lease

    • $14 SF/Yr
      16,000 SF

      Westbrook Office Building For Lease

      16,000± SF single-story office building in Westbrook's Industrial Park.
      501 County Rd, Westbrook, ME 04092
      View Details
    • Contact for pricing
      199,365 SF

      Rock Row Medical Campus: Portland, ME

      Prime Medical Office Space in Westbrook
      0 Rock Row, Portland, ME 04092
      View Details
    • $16 SF/Yr
      17,919 SF

      Westbrook Office Space for Lease

      Class A Office, Flexible Layouts, Ample Parking
      202 Larrabee Rd, Westbrook, ME 04092
      View Details
    • $2,250 /Mo
      1,425 SF

      Westbrook Office Space For Lease

      1,425± SF office space available in Westbrook, Maine.
      23-25 Bridgton Rd, Westbrook, ME 04092
      View Details
    • $11 SF/Yr
      4,379 SF

      Westbrook Office Space For Rent

      First floor office space with flexible layout and direct entry.
      865 Spring St, Westbrook, ME 04092
      View Details
    • $16 SF/Yr
      4,340 SF

      Westbrook Office Space for Lease

      Prime Westbrook location, high visibility, ample parking.
      1389 Bridgton Rd, Westbrook, ME 04092
      View Details
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    240 Main St
    Westbrook, ME 04092-4733
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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