430 Gorham Rd South Portland, ME 04106
Property profile & analytics
430 Gorham Rd South Portland, ME 04106
- Retail properties & Spaces
- 30,000 SF
- 2.32 lot acres
Property ID
US42-0122006
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.
Location Intelligence
Current Use by Public Records
- Retail properties & Spaces
Property Details for 430 Gorham Rd
- Year built
- 1995
- Construction
- STEEL FRAME
- Lot size
- 2.32 lot acres
- Property size
- 30,000 SF
- Zone code
- MM
- Property type
- Retail properties & Spaces
- APN
- SPOR M:074-B L:004-D
- APU
- SPORM074BL004D
Description
This exceptional retail property at 430 Gorham Road in South Portland, Maine, offers 30,000 square feet of space in a high-traffic location. Currently partially occupied by Books-A-Million, this property boasts two suites available for lease, ranging from 2,500 to 8,214 contiguous square feet. A significant 13,214 square feet is currently vacant, presenting a unique opportunity for expansion or multiple tenants. The property sits on a 2.32-acre lot and includes ample on-site parking, a key advantage for customers and employees. Built in 1995, the building is zoned CCR (Central and Regional Commercial District) within Cumberland County, providing flexibility for various retail and restaurant uses. Its strategic location next to Macy's at the Maine Mall ensures high visibility and access to a substantial customer base drawn from throughout New England and Canada. The Maine Mall's status as Maine's premier retail destination further enhances the property's appeal. In addition to the in-line retail space, a pad site is available for lease, suitable for a standalone building of 2,500 to 5,000 square feet, potentially including a drive-thru. This presents a versatile opportunity for a variety of businesses seeking a prominent location within a thriving retail environment. The property's size, location, and existing tenant provide a strong foundation for success.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $5,230,000
- 6.5%
- $4,825,000
- 7%
- $4,480,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $3,462,000
Market price range: $1.56M - $3.94M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $6,085,000 Current use
- COMMERCIAL (GENERAL)
- $6,470,000 Change: +6% Conversion: Easy
- OFFICE BUILDING
- $5,500,000 Change: -10% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- South Portland
- County
- Cumberland
- State
- Maine
- Longitude
- -70.3346
- Latitude
- 43.6367
- 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
$77,733
$2,635,800
$2,861,600
$5,497,400
-
$0.00
$0.00
$0.00
