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Property profile & analytics
OFF-MARKET
Estimated value
$840,000
Turn key restaurants
280 Maine Mall Rd, South Portland, ME 04106-3365
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US42-0288629
Property summary
AI-generated overview
This exceptional 5,775 square foot retail property presents a prime opportunity for a discerning tenant. Situated on a highly visible 0.86-acre corner lot at a signalized intersection, this single-story building boasts over 300 feet of combined frontage on Maine Mall Road and Gorham Road. Benefit from exceptional daily traffic counts exceeding 30,000 vehicles (AADT), ensuring maximum exposure for your business. Conveniently located adjacent to The Maine Mall and just minutes from the Portland Jetport, this location offers unparalleled accessibility and high foot traffic. Built in 1992, the property is zoned CCR - Central & Regional Commercial District (APN: 074/B/005, Cumberland County). The property features easy access to both I-95 and I-295, providing seamless connectivity for customers and employees. A ground lease option is also available. Inquire for lease rate details. This is a single-suite building offering a versatile space perfect for a variety of retail or restaurant concepts.
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1992
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
5,775 SF
Lot
0.86 ac (37,462 SF)
Zoning code
MM
APN
SPOR M:074-B L:005-B
UPID
US42-0288629
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$580k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.10M
Blend (final)
Blend
$840k
Owner & transaction history
Portland 280 Rlty Vent Ll · 1 yrs held
Portland 280 Rlty Vent Ll
since 2025
2 recorded transactions
Zoning & alternative use
MM · South Portland, ME
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs South Portland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs South Portland submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$580,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$825,000
Current use
COMMERCIAL (GENERAL)
$705,000
Change: -15% · Conversion: Easy
Blend value · Realmo final
$840k
Range $756k – $924k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$145 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$37,611
Tax year 2023
Assessed value
$2,659,900
Assessed 2023
Previous assessed
$2,659,900
+0.0% YoY
Effective rate
1.41%
On assessed value
Assessed land
$1,854,400
Assessed improvement
$805,500
Applied tax rate
71,990.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1992
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
1
Bathrooms
2
Total area
5,775 SF
Lot
0.86 ac (37,462 SF)
Zoning code
MM
APN
SPOR M:074-B L:005-B
UPID
US42-0288629
Jurisdiction
SOUTH PORTLAND
Zoning & alternative use
MM · South Portland, ME
Zoning MM · permitted uses
MM · South Portland, ME
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
South Portland. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$825,000
COMMERCIAL (GENERAL)
Est. value
$705,000
RESTAURANT Current
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1992
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
1
Bathrooms
2
Lot
0.86 ac
Current owner
From public records · entity-resolved
Portland 280 Rlty Vent Ll
Individual
Mailing address
500 W 5TH ST STE #1010, AUSTIN, TX 78701-0079
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 23, 2025
$2,650,000
Portland 280 Rlty Vent Ll
Wm Capital Partnes 56 LLC
Deed
$1,987,500 · Camden National Bank
Oct 13, 2021
—
Wm Cap Partners 56 LLC
Pione Remainder LLC
Deed In Lieu Of Foreclosure
related
$7,434,218 · 1st National Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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