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    Property profile & analytics

    3 Grand Ave Scarborough, ME 04074

    • Investment properties
    • 7,960 SF
    • 1.30 lot acres
    For Sale
    View listing
    $1,895,000
    Value Estimation
    Location Intelligence
    Property ID
    US42-0362393
    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

    • Dog Days Gift Shop / Gift Shop
    • The Garage BBQ / Barbecue Restaurant
    • EBC Pizza / Pizza Takeout

    Property Details for 3 Grand Ave

    Year built
    1940
    Lot size
    1.30 lot acres
    Property size
    7,960 SF
    Zone code
    22
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    SCAR M:U022 L:123
    APU
    SCARMU022L123

    Description

    This exceptional mixed-use property, located at 3 E Grand Avenue in Scarborough, Maine, presents a compelling investment opportunity. The building encompasses a substantial 7,960 square feet of space situated on a generous 1.3-acre lot. Its mixed-use zoning allows for a variety of commercial and potentially residential applications, providing significant flexibility for the discerning investor. The property's prime location in Scarborough offers excellent visibility and accessibility, making it an ideal choice for businesses seeking a high-traffic area. The substantial size of the lot provides ample space for expansion, redevelopment, or additional parking, further enhancing its investment potential. The asking price of $1,895,000 reflects the property's significant size, desirable location, and versatile zoning. This is a rare opportunity to acquire a substantial mixed-use property in a thriving Maine community. Serious inquiries are encouraged to explore the possibilities this property offers. Detailed property information and financial documents are available upon request. Don't miss this chance to secure a valuable asset in a sought-after location.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $460,000

    • CAP approach

      CAP return
      Estimation
      6%
      $565,000
      6.5%
      $610,000
      7%
      $575,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $595,000
      Geo Method
      $580,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $555,000
      Retail
      $495,000
      Mixed-Use
      $470,000
      Hospitality
      $550,000
      Educational
      $535,000
      Residential Income
      $430,000
      Energy
      $545,000
      Income-Based Land
      $440,000
      Food Service
      $475,000

    Location Insight

    • Map
    • Local Demand
    City
    Scarborough
    County
    Cumberland
    State
    Maine
    Longitude
    -70.3453
    Latitude
    43.5412
    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
    $14,218
    $462,600
    $427,700
    $890,300
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

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      238 Gorham Rd

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      273 Pne Pt Rd

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    • Value Estimation
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      6 Pne Pt Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 2,564 SF
      6 Pne Pt Rd, Scarborough, ME 04074-9201
      View Details
    • Value Estimation
      $260,000
      1,505 SF

      342 Us Rte 1st 1

      OFFICE/RESIDENTIAL (MIXED USE) • 1,505 SF
      342 Us Rte 1st 1, Scarborough, ME 04074-9774
      View Details

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    3 Grand Ave
    Scarborough, ME 04074
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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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