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    Property profile & analytics

    429 Preble St, Unit 1 South Portland, ME 04106-3034

    • Office Properties & Spaces
    • 400 SF
    OFF-MARKET
    Value Estimation
    $185,000
    Last Sale
    May 15, 2023
    $192,500
    Location Intelligence
    Property ID
    US42-0569015
    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

    • Stella's Seller Consignment Boutique / Consignment Shop
    • Willard Scoops / Ice Cream Shop / Dessert Shop
    • Fore River Woodworks / Woodworker

    Property Details for 429 Preble St

    Year built
    1900
    Property size
    400 SF
    Zone code
    Z
    Property type
    Office Properties & Spaces
    APN
    SPOR M:002 B:0001 L:046
    APU
    SPORM002B0001L046

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $185,000

    • CAP approach

      CAP return
      Estimation
      6%
      $185,000
      6.5%
      $185,000
      7%
      $185,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $180,000
      Geo Method
      $155,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $160,000
      Retail
      $205,000
      Mixed-Use
      $205,000
      Hospitality
      $215,000
      Educational
      $180,000
      Residential Income
      $195,000
      Energy
      $165,000
      Income-Based Land
      $155,000
      Food Service
      $175,000

    Location Insight

    • Map
    • Local Demand
    City
    South Portland
    County
    Cumberland
    State
    Maine
    Longitude
    -70.2307
    Latitude
    43.6389
    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
    $2,814
    $175,000
    $24,000
    $199,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      138 SF

      18 Ocean St, Unit C3

      CONDOMINIUM OFFICES • 138 SF
      18 Ocean St, South Portland, ME 04106-2847
      View Details
    • Value Estimation by Request
      38,739 SF

      75 John Roberts Rd, Unit A

      CONDOMINIUM OFFICES • 38,739 SF
      75 John Roberts Rd, South Portland, ME 04106-6961
      View Details
    • Value Estimation by Request
      31,376 SF

      75 John Roberts Rd Bldg C

      CONDOMINIUM OFFICES • 31,376 SF
      75 John Roberts Rd Bldg C, South Portland, ME 04106-6964
      View Details
    • Value Estimation by Request
      4,532 SF

      25 Long Creek Dr

      Medical offices • 4,532 SF
      25 Long Creek Dr, South Portland, ME 04106
      View Details
    • Value Estimation
      $295,000
      1,650 SF

      210 Western Ave, Unit A1

      CONDOMINIUM OFFICES • 1,650 SF
      210 Western Ave, South Portland, ME 04106-2424
      View Details
    • Value Estimation
      $385,000
      1,699 SF

      18 Ocean St, Unit B

      CONDOMINIUM OFFICES • 1,699 SF
      18 Ocean St, South Portland, ME 04106-2847
      View Details

    Similar Nearby for Sale

    • Contact for pricing
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    • New
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    Similar Nearby for Lease

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    • $13 SF/Yr
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    • $7 SF/Yr
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      Executive Office Space, South Portland

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    429 Preble St, Unit 1
    South Portland, ME 04106-3034
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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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