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

    363 Maine Mall Rd South Portland, ME 04106-3214

    • Commercial real estate
    • 5.15 lot acres
    OFF-MARKET
    Last Sale
    Jun 14, 2022
    $23,235,826
    Value Estimations
    $24,450,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US42-0318571
    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

    • Commercial real estate

    Property Details for 363 Maine Mall Rd

    Year built
    1973
    Lot size
    5.15 lot acres
    Zone code
    MM
    Property type
    Commercial real estate
    APN
    SPOR M:074 L:012
    APU
    SPORM074L012

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $26,880,000

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

    Location Insight

    • Map
    • Local Demand
    City
    South Portland
    County
    Cumberland
    State
    Maine
    Longitude
    -70.3387
    Latitude
    43.6352
    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
    $296,893
    $5,691,900
    $15,304,800
    $20,996,700
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,720,000
      18,090 SF

      2092 Broadway

      COMMERCIAL (GENERAL) • 18,090 SF
      2092 Broadway, South Portland, ME 04106-3223
      View Details
    • Value Estimation
      $590,000
      3,339 SF

      257 Frnt St

      COMMERCIAL (GENERAL) • 3,339 SF
      257 Frnt St, South Portland, ME 04106-1510
      View Details
    • Value Estimation
      $3,720,000
      21,636 SF

      700 Main St

      COMMERCIAL (GENERAL) • 21,636 SF
      700 Main St, South Portland, ME 04106-5402
      View Details
    • Value Estimation by Request
      1,560 SF

      327 Main St

      COMMERCIAL (GENERAL) • 1,560 SF
      327 Main St, South Portland, ME 04106-5514
      View Details
    • Value Estimation by Request
      876 SF

      93 Lincoln St

      COMMERCIAL (GENERAL) • 876 SF
      93 Lincoln St, South Portland, ME 04106-2614
      View Details
    • Value Estimation
      $3,450,000
      6.39 Acres

      675 Main St

      COMMERCIAL (GENERAL) • 6.39 Acres
      675 Main St, South Portland, ME 04106-5422
      View Details

    Similar Nearby for Sale

    • $699,000
      2,096 SF

      South Portland Triplex with Garage

      Gutted three-unit building in Ferry Village near Willard Beach.
      73 High Street Ct, Portland, ME 04106
      View Details
    • New
      $259,000
      0.17 Acres

      Buildable Lot in South Portland

      Residential land in a desirable South Portland location.
      107 Marcelle Ave, South Portland, ME 04106
      View Details
    • Contact for pricing
      2,100 SF

      Commercial Zoned Property For Sale

      Commercial zoned property ideal for contractor, roofer, or storage.
      179 Lincoln St, South Portland, ME 04106
      View Details
    • Contact for pricing

      Bayside Development Site For Sale

      Development site in Portland's desirable Bayside neighborhood.
      9 Somerset St, Portland, ME 04106
      View Details
    • $4,327,286
      7,424 SF

      South Portland Medical Investment Opportunity

      Long-term NNN investment with a strong healthcare tenant.
      254 Western Ave, South Portland, ME 04106
      View Details
    • Contact for pricing
      25,000 SF

      South Portland Commercial Land Opportunity

      4.14 acre commercial land parcel in South Portland, Maine.
      305 Cummings Rd, South Portland, ME 04106
      View Details

    Similar Nearby for Lease

    • $7 SF/Yr
      52,610 SF

      Executive Office Space, South Portland

      Modern Office Suites, Prime Location
      1 Runway Rd, South Portland, ME 04106
      View Details
    • $26 SF/Yr
      17,071 SF

      South Portland Medical Office Building

      Prime Medical Office Space Available
      244 Western Ave, South Portland, ME 04106
      View Details
    • $10 SF/Yr
      100,982 SF

      Jetport Plaza: Retail Space Available

      Prime South Portland retail center, 100,982 sqft.
      443 Western Ave, South Portland, ME 04106
      View Details
    • $25 SF/Yr
      1,955 SF

      Prime South Portland Retail Space

      High-traffic shopping center, ample parking.
      364 Maine Mall Rd, South Portland, ME 04106
      View Details
    • Contact for pricing
      98,401 SF

      Mallside Plaza Retail Space

      Prime South Portland retail/restaurant opportunity.
      198 Maine Mall Rd, South Portland, ME 04106
      View Details
    • $28 SF/Yr
      30,000 SF

      Gorham Road Retail Space

      Prime South Portland Retail Opportunity
      430 Gorham Rd, South Portland, ME 04106
      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.
    363 Maine Mall Rd
    South Portland, ME 04106-3214
    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.