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    482 Payne Rd Scarborough, ME 04074-8929
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    Property profile & analytics

    482 Payne Rd, Scarborough, ME 04074-8929

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    • Office buildings
    • 38,992 SF
    • 2.25 lot acres
    Off-Market
    Property ID
    US42-0267820
    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.

    Value Estimations
    $4,945,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Granite Bay Care, Inc / Association / Organization

    Property Details for 482 Payne Rd

    Year built
    1989
    Lot size
    2.25 lot acres
    Zone code
    22
    Property type
    Office buildings
    APN
    SCAR M:R037 L:041
    APU
    SCARMR037L041

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Nov 10, 2025 — Cowabunga LLC — Deed · related $3.2M · Bangor Savings Bank
    May 25, 2006 — Cowabunga LLC My Draling LLC Grant Deed · related $5.2M · Pnc Bank

    Description

    This exceptional Class A office building, located at 482 Payne Road in Scarborough, Maine, presents a unique investment opportunity. The property boasts a substantial 38,784 square feet of space, ideally suited for a variety of uses, including executive offices and coworking spaces. Built in 1987, this four-story building sits on a 2.25-acre lot and features 157 parking spaces, ensuring ample convenience for tenants and visitors. The building is equipped with two elevators – one passenger and one service – and benefits from robust 3-phase, 200-amp power. Its B-2 Regional Business zoning allows for diverse commercial applications. The property's address is 482 Payne Road, Scarborough, ME 04074 (APN: Map R037, Lot 041, Cumberland County). The building's multiple tenancy structure offers flexibility for various business models. This well-maintained property provides a strong foundation for growth and success in a thriving commercial area. The building's prime location in Scarborough, Maine, offers easy access to major transportation routes and amenities. This is a rare opportunity to acquire a substantial, well-appointed office building in a desirable location. The property's size, amenities, and zoning make it an attractive option for both sale and lease.


    Value Estimations

    based on Realmo’s proprietary methodology
    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $5,928,000
      Market price range: $5.02M - $10.2M
      AI Estimate
      $3,681,000
      Market price range: $1.71M - $7.10M
    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $7,550,000
      Current use
      RETAIL STORES
      $7,390,000
      Change: -2% Conversion: Moderate

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


    Location Insight

    • Map
    • Local Demand
    City
    Scarborough
    County
    Cumberland
    State
    Maine
    Longitude
    -70.3468
    Latitude
    43.6273
    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
    $62,805
    $1,093,000
    $2,839,700
    $3,932,700
    -
    $0.00
    $0.00
    $0.00
    More about this property
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