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    Property profile & analytics

    394 Main St Westbrook, ME 04092-4326

    • Office buildings
    • 960 SF
    • 0.04 lot acres
    OFF-MARKET
    Value Estimation
    $280,000
    Last Sale
    Dec 10, 2024
    $268,000
    Location Intelligence
    Property ID
    US42-0259196
    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

    • John O Winship & Co / Insurance Agency

    Property Details for 394 Main St

    Year built
    1945
    Construction
    FRAME
    Lot size
    0.04 lot acres
    Property size
    960 SF
    Zone code
    16
    Property type
    Office buildings
    APN
    WSBR M:040 L:115
    APU
    WSBRM040L115

    Description

    This exceptional 960-square-foot office building, located at 394 Main Street in Westbrook, Maine, presents a compelling investment opportunity. Priced at $325,000, this Class B property boasts a versatile layout suitable for executive, medical, or traditional office uses. Currently vacant, it offers immediate occupancy for a new business or expansion. The building underwent a comprehensive renovation in 2022, including a new roof, siding, flooring, paint, windows, and bathroom fixtures. Situated in Westbrook's City Center, this prime location benefits from high foot traffic and visibility on a busy street, just one mile from Rock Row and within walking distance of other businesses. The property's zoning permits a variety of uses, including retail, office space, restaurants, or mixed-use development. Westbrook's robust growth makes this a particularly attractive investment in the commercial real estate market. The building's recent updates and desirable location combine to create a strong value proposition for discerning investors. The asking price of $325,000 translates to $338.54 per square foot. This is a rare opportunity to acquire a fully renovated, well-located commercial property in a thriving Maine community.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $270,000

    • CAP approach

      CAP return
      Estimation
      6%
      $285,000
      6.5%
      $315,000
      7%
      $290,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $325,000
      Geo Method
      $265,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $310,000
      Retail
      $310,000
      Mixed-Use
      $300,000
      Hospitality
      $370,000
      Educational
      $345,000
      Residential Income
      $345,000
      Energy
      $305,000
      Income-Based Land
      $280,000
      Food Service
      $285,000

    Location Insight

    • Map
    • Local Demand
    City
    Westbrook
    County
    Cumberland
    State
    Maine
    Longitude
    -70.3468
    Latitude
    43.6811
    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
    $2,542
    $73,800
    $78,600
    $152,400
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      35,204 SF

      1 Acadia Cmn

      OFFICE BUILDING • 35,204 SF
      1 Acadia Cmn, Westbrook, ME 04092-3805
      View Details
    • Value Estimation by Request
      7,375 SF

      386 Bridgton Rd

      OFFICE BUILDING • 7,375 SF
      386 Bridgton Rd, Westbrook, ME 04092-3606
      View Details
    • Value Estimation
      $645,000
      2,898 SF

      543 Main St

      OFFICE BUILDING • 2,898 SF
      543 Main St, Westbrook, ME 04092-4112
      View Details
    • Value Estimation
      $320,000
      3,300 SF

      825 Main St

      OFFICE BUILDING • 3,300 SF
      825 Main St, Westbrook, ME 04092-2872
      View Details
    • Value Estimation
      $340,000
      2,011 SF

      808 Main St

      OFFICE BUILDING • 2,011 SF
      808 Main St, Westbrook, ME 04092-3423
      View Details
    • Value Estimation
      $325,000
      1,488 SF

      740 Stroudwater St

      OFFICE BUILDING • 1,488 SF
      740 Stroudwater St, Westbrook, ME 04092-4059
      View Details

    Similar Nearby for Sale

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    • $165,000
      0.32 Acres

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    Similar Nearby for Lease

    • $14 SF/Yr
      16,000 SF

      Westbrook Office Building For Lease

      16,000± SF single-story office building in Westbrook's Industrial Park.
      501 County Rd, Westbrook, ME 04092
      View Details
    • Contact for pricing
      199,365 SF

      Rock Row Medical Campus: Portland, ME

      Prime Medical Office Space in Westbrook
      0 Rock Row, Portland, ME 04092
      View Details
    • $16 SF/Yr
      17,919 SF

      Westbrook Office Space for Lease

      Class A Office, Flexible Layouts, Ample Parking
      202 Larrabee Rd, Westbrook, ME 04092
      View Details
    • $16 SF/Yr
      4,340 SF

      Westbrook Office Space for Lease

      Prime Westbrook location, high visibility, ample parking.
      1389 Bridgton Rd, Westbrook, ME 04092
      View Details
    • $8 SF/Yr
      1,550 SF

      Westbrook Office Space For Rent

      Office space for rent in a premier office park.
      55 Bradley Dr, Westbrook, ME 04092
      View Details
    • $10 SF/Yr
      2,089 SF

      Westbrook Office/Flex Space Available

      Renovated office/flex space in historic Westbrook mill building.
      506 Main St, Westbrook, ME 04092
      View Details
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    394 Main St
    Westbrook, ME 04092-4326
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    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
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