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Property profile

42 Wallace Ave South Portland, ME 04106

OFF-MARKET
Warehouses
Property ID
US42-0243411
View Sample
21,290 SF 8.65 ac lot Built 1967
Entity Owned ~ Est. High Equity

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1967
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 21,290 SF
Lot 8.65 ac (376,794 SF)
Zoning code Z
APN SPOR M:079-A L:006-A
UPID US42-0243411

Cap rate & NOI

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

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$820k
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.06M
Blend (final) Blend
$940k

Owner & transaction history

since 2025
3 recorded transactions
2025
Price N/A
2025
Price N/A
2006
Price N/A

Zoning & alternative use

Z · South Portland, ME
Top alternative use upside
Industrial (general) $1.1M +15.6%

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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