Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    3 Warrens Way Kennebunk, ME 04043

    Property Lookup

    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3 Warrens Way Kennebunk, ME 04043

    View on Map
    • Manufacturing properties
    • 8,677 SF
    • 0.51 lot acres
    For Sale
    $745,000
    View Listing →
    Industrial Building Near I-95 Exit 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
    View Listing
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Maine Heritage Iron Works / Industrial Manufacturer / Production Facility

    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 estimation — 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 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
      $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
      $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
    • $325,000
      828 SF

      Kennebunk Office Condo - Prime Location

      Free-standing office condo, four parking spaces.
      30 York St, Kennebunk, ME 04043
      View Details
    • New
      $325,000
      0.72 Acres

      Kennebunk Land For New Construction

      Vacant land in Kennebunk, Maine, for new construction.
      5 Dogwood Cir, Kennebunk, ME 04043
      View Details
    • $365,000
      3,290 SF

      Kennebunk Office Condo For Sale

      Large office condo in a well-established professional complex.
      62 Portland Rd, Kennebunk, ME 04043
      View Details
    • New
      $350,000
      12.53 Acres

      Hollis, ME Waterfront Land

      12.53 acre wooded parcel with 286 feet of river frontage.
      Riv Rd, Kennebunk, ME 04043
      View Details
    • $2,000,000
      11,735 SF

      Kennebunk Mixed-Use Investment Opportunity

      High-traffic location, strong tenant mix, high ROI potential.
      1 Alewive Park Rd, Kennebunk, ME 04043
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Kennebunk Mixed-Use Retail/Office Building

      Versatile mixed-use property with retail and office spaces for lease.
      58 Portland Rd, Kennebunk, ME 04043
      View Details
    • Contact for pricing
      2,614 SF

      Retail Space on Main Street

      Retail space for lease in downtown Kennebunk.
      68-72 Main St, Kennebunk, ME 04043
      View Details
    • Contact for pricing

      Turnkey Store in Historic Kennebunk

      Established convenience store with loyal following, known for lobster rolls.
      157 Summer St, Kennebunk, ME 04043
      View Details
    • Contact for pricing
      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
    • Contact for pricing
      20,000 SF

      Kennebunk Retail Development Opportunity

      Proposed retail development with drive-thru and shop space available.
      70-72 Portland Rd, Kennebunk, ME 04043
      View Details
    • $20 SF/Yr
      510 SF

      Kennebunk Retail/Office Space Available

      Retail and office suites available in Kennebunk's Lower Village.
      169 Port Rd, Kennebunk, ME 04043
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3 Warrens Way
    Kennebunk, ME 04043
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    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
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!