Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    358 Us Rte 1st, Unit 2 Falmouth, ME 04105-1308

    • Office Properties & Spaces
    • 9,928 SF
    • 2.44 lot acres
    OFF-MARKET
    Value Estimation
    $880,000
    Last Sale
    Oct 31, 2022
    $825,000
    Location Intelligence
    Property ID
    US42-0693531
    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

    • Office Properties & Spaces

    Property Details for 358 Us Rte 1st

    Year built
    1984
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    2.44 lot acres
    Property size
    9,928 SF
    Zone code
    BP
    Property type
    Office Properties & Spaces
    APN
    FMTH M:U54 B:028 L:002
    APU
    FMTHMU54B028L002

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $955,000

    • CAP approach

      CAP return
      Estimation
      6%
      $810,000
      6.5%
      $820,000
      7%
      $810,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $685,000
      Geo Method
      $650,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $720,000
      Retail
      $815,000
      Mixed-Use
      $655,000
      Hospitality
      $835,000
      Educational
      $880,000
      Residential Income
      $790,000
      Energy
      $680,000
      Income-Based Land
      $785,000
      Food Service
      $655,000

    Location Insight

    • Map
    • Local Demand
    City
    Falmouth
    County
    Cumberland
    State
    Maine
    Longitude
    -70.2249
    Latitude
    43.7368
    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
    $13,235
    $277,700
    $769,400
    $1,047,100
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $330,000
      736 SF

      390 Us Rte 1st, Unit 6

      CONDOMINIUM OFFICES • 736 SF
      390 Us Rte 1st, Falmouth, ME 04105-1395
      View Details
    • Value Estimation
      $280,000
      1,337 SF

      3 Fundy Rd Ste, Unit 4

      CONDOMINIUM OFFICES • 1,337 SF
      3 Fundy Rd Ste, Falmouth, ME 04105-1796
      View Details
    • Value Estimation
      $325,000
      576 SF

      390 Us Rte 1st, Unit 4

      CONDOMINIUM OFFICES • 576 SF
      390 Us Rte 1st, Falmouth, ME 04105-1395
      View Details
    • Value Estimation by Request
      5,940 SF

      366 Us-1

      Office Properties & Spaces • 5,940 SF
      366 Us-1, Falmouth, ME 04105
      View Details
    • Value Estimation
      $335,000
      1,457 SF

      75 Clearwater Dr, Unit 8B

      CONDOMINIUM OFFICES • 1,457 SF
      75 Clearwater Dr, Falmouth, ME 04105-1454
      View Details
    • Value Estimation by Request
      3,312 SF

      75 Clearwater Dr, Unit 11

      CONDOMINIUM OFFICES • 3,312 SF
      75 Clearwater Dr, Falmouth, ME 04105-1454
      View Details

    Similar Nearby for Sale

    • $1,150,000
      5,940 SF

      Falmouth Office Building - $1.15M

      Multi-tenant office building, 100% occupied.
      366 Us-1, Falmouth, ME 04105
      View Details
    • Contact for pricing
      143,000 SF

      Falmouth Office Building - 143,000 SF

      Class A Office Space, Maine Turnpike Access
      70 Gray Rd, Falmouth, ME 04105
      View Details
    • $1,495,000
      4,280 SF

      Historic Falmouth Mixed-Use Property

      Prime Falmouth location, mixed-use investment.
      234 Middle Rd, Falmouth, ME 04105
      View Details
    • $1,900,000
      6,288 SF

      Class A Medical Office Building

      6,288± SF medical office building in desirable Southern Maine community.
      20 Northbrook Dr, Falmouth, ME 04105
      View Details
    • $1,495,000
      4,280 SF

      Falmouth Mixed-Use Investment Opportunity

      Mixed-use property with retail/office space and a tri-level townhouse.
      234 Middle Rd, Falmouth, ME 04105
      View Details
    • $1,895,000
      3,462 SF

      Falmouth Foreside Two-Unit Home

      Reimagined two-unit home with rental potential in Falmouth Foreside.
      263 Foreside Rd, Falmouth, ME 04105
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      143,000 SF

      Falmouth Office Building, Maine

      Class A Office Space, 20,000+ SF Available
      70 Gray Rd, Falmouth, ME 04105
      View Details
    • $2,500 /Mo
      2,611 SF

      Falmouth Office and Flex Space

      Affordable 2,611± SF office and flex space for rent.
      16 Northbrook Dr, Falmouth, ME 04105
      View Details
    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.
    358 Us Rte 1st, Unit 2
    Falmouth, ME 04105-1308
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.