Property profile

358 Us Rte 1st 2 Falmouth, ME 04105

OFF-MARKET
Office Spaces
Property ID
US42-0693531
9,928 SF 2.44 ac lot Built 1984
Entity Owned 3-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Office Spaces
Use group CONDOMINIUM OFFICES
Year built 1984
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 9,928 SF
Lot 2.44 ac (106,286 SF)
Zoning code BP
APN FMTH M:U54 B:028 L:002
UPID US42-0693531

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

358 Us Rte 1st, Unit 2 Falmouth, ME 04105-1308
Falmouth metro Census 2501 PORTLAND-SOUTH PORTLAND-BIDDEFORD, ME METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$915k
CAP Approach CAP
by Request
Comparable Approach Comparable
$665k
Blend (final) Blend
$955k

Owner & transaction history

since 2022
Last sale
$825,000
1 recorded transaction
2022
$825,000

Zoning & alternative use

BP · Falmouth, ME
Zoning description

This zoning district is intended to include business and professional offices, art and craft studios, tradesman's offices, restaurant, restaurant, carry-out, museums, bed and breakfast establishments, single family detac…

General category PLANNED_DEVELOPMENT

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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