Property profile

241 Running Hl Rd South Portland, ME 04106

OFF-MARKET
Office buildings
Property ID
US42-0291020
6,257 SF 11.5 ac lot Built 2003
Entity Owned 3-yr Hold ~ Est. High Equity
Saved · see the list in your Dashboard

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 2003
Construction STEEL FRAME
Total area 6,257 SF
Lot 11.5 ac (500,940 SF)
APN SPOR M:084 L:005
UPID US42-0291020

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
  • Weight Loss Service Association / Organization

Location

241 Running Hl Rd South Portland, ME 04106-3220
South Portland metro Census 3002 PORTLAND-SOUTH PORTLAND-BIDDEFORD, ME METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$2.14M
CAP Approach CAP
$1.47M
Comparable Approach Comparable
$1.59M
Blend (final) Blend
$2.14M

Owner & transaction history

since 2022
Last sale
$1.9M
2 recorded transactions
2023
Price N/A
2022
$1.9M

Zoning & alternative use

Top alternative use upside
Commercial (general) $1.4M +17.6%
Retail stores $1.3M +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 241 Running Hl Rd?
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