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    FOR SALE
    Office buildings

    482 Payne Rd, Scarborough, ME 04074

    38,992 SF 2.25 ac lot Built 1989
    Entity Owned 20-yr Hold ~ Est. High Equity
    Property ID
    US42-0267820
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Granite Bay Care, Inc Association / Organization
    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
    Cowabunga LLC · 20 yrs held
    Cowabunga LLC
    since 2006
    2 recorded transactions
    2025
    2006
    Zoning & alternative use
    22 · Scarborough, ME
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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