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    Property profile & analytics

    3 Warrens Way Kennebunk, ME 04043

    • Manufacturing properties
    • 8,677 SF
    • 0.51 lot acres
    For Sale
    View listing
    $745,000
    Last Sale
    Oct 26, 2020
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US42-0520709
    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

    • Maine Heritage Iron Works / Manufacturer

    Property Details for 3 Warrens Way

    Year built
    1945
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.51 lot acres
    Property size
    8,677 SF
    Property type
    Manufacturing properties
    APN
    KENB M:021 L:083
    APU
    KENBM021L083

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Kennebunk
    County
    York
    State
    Maine
    Longitude
    -70.5731
    Latitude
    43.4071
    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
    2024
    $5,443
    $112,700
    $208,400
    $321,100
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $725,000
      14,000 SF

      40 Water St

      MANUFACTURING (LIGHT) • 14,000 SF
      40 Water St, Kennebunk, ME 04043-7034
      View Details
    • Value Estimation
      $540,000
      11,492 SF

      1 Trackside Dr

      MANUFACTURING (LIGHT) • 11,492 SF
      1 Trackside Dr, Kennebunk, ME 04043-7048
      View Details
    • Value Estimation
      $1,160,000
      12,248 SF

      2 Alewive Park Rd

      MANUFACTURING (LIGHT) • 12,248 SF
      2 Alewive Park Rd, Kennebunk, ME 04043-6134
      View Details
    • Value Estimation by Request
      1,632 SF

      43 Water St

      MANUFACTURING (LIGHT) • 1,632 SF
      43 Water St, Kennebunk, ME 04043-7032
      View Details
    • Value Estimation by Request
      6,052 SF

      41 Water St

      MANUFACTURING (LIGHT) • 6,052 SF
      41 Water St, Kennebunk, ME 04043-7032
      View Details
    • Value Estimation
      $16,770,000
      212,312 SF

      2 Alfred Rd

      MANUFACTURING (LIGHT) • 212,312 SF
      2 Alfred Rd, Kennebunk, ME 04043-6266
      View Details

    Similar Nearby for Sale

    • $745,000
      8,677 SF

      Industrial Building Near I-95 Exit

      8677 sq ft industrial building near I-95 Kennebunk exit.
      3 Warrens Way, Kennebunk, ME 04043
      View Details
    • $549,999
      11.30 Acres

      Kennebunk Land Opportunity

      11.3 acres of wooded land in Kennebunk, Maine.
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    • $299,000
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      Kennebunk Buildable Lot For Sale

      Rare buildable lot in downtown Kennebunk, close to amenities.
      Cider Ml Ln, Kennebunk, ME 04043
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    • $375,000
      2,970 SF

      Spacious Two-Story Office Condominium

      Two-story office condominium in a well-established professional complex.
      62 Portland Rd, Kennebunk, ME 04043
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    • $599,900
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      Kennebunk Mixed-Use Commercial Property

      Live & Work in Prime Kennebunk Location
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      Kennebunk Office Condo - Prime Location

      Free-standing office condo, four parking spaces.
      30 York St, Kennebunk, ME 04043
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    Similar Nearby for Lease

    • $24 SF/Yr
      9,362 SF

      Kennebunk Mixed-Use Retail Space

      Prime Kennebunk location, multiple suites available.
      58 Portland Rd, Kennebunk, ME 04043
      View Details
    • $8 SF/Yr
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      Retail Space on Main Street

      Retail space for lease in downtown Kennebunk.
      68-72 Main St, Kennebunk, ME 04043
      View Details
    • $15 SF/Yr
      1,602 SF

      Professional Office Suites For Rent

      Professional office suites in high-traffic location near downtown Kennebunk.
      3-7 Webhannet Pl, Kennebunk, ME 04043
      View Details
    • $13 SF/Yr
      2,495 SF

      Kennebunk Office Space on Route 1

      Move-in ready office space in a high-visibility location.
      48 York St, Kennebunk, ME 04043
      View Details
    • $20 SF/Yr
      2,600 SF

      Kennebunk Retail/Office Space Available

      Retail and office suites available in Kennebunk's Lower Village.
      169 Port Rd, Kennebunk, ME 04043
      View Details
    • $45 SF/Yr
      15,000 SF

      Kennebunk Retail Development Opportunity

      Proposed retail development with drive-thru and shop space available.
      70-72 Portland Rd, Kennebunk, ME 04043
      View Details
    Request Owner's contact information
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    3 Warrens Way
    Kennebunk, ME 04043
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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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