Property profile

482 Payne Rd Scarborough, ME 04074

FOR SALE
Office buildings
Property ID
US42-0267820
38,992 SF 2.25 ac lot Built 1989
Entity Owned 20-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1989
Total area 38,992 SF
Lot 2.25 ac (98,010 SF)
Zoning code 22
APN SCAR M:R037 L:041
UPID US42-0267820

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Association / Organization

Location

482 Payne Rd Scarborough, ME 04074
Scarborough metro Census 17305 PORTLAND-SOUTH PORTLAND-BIDDEFORD, ME METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$5.93M
Blend (final) Blend
$4.95M

Owner & transaction history

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

Zoning & alternative use

22 · Scarborough, ME

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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More about this property
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