Property profile

587 Spg St Westbrook, ME 04092

OFF-MARKET
Office buildings
Property ID
US42-0440733
4,300 SF 2.28 ac lot Built 1973
Entity Owned Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

The property is located in the Manufacturing Zoning District in Westbrook, Maine, and sits on a 2.28-acre lot. It includes ample on-site parking and is configured to allow potential expansion. The main level is arranged as office space, while the lower level contains a training room, a lab area, utilities, and storage. The building has new LED lighting installed throughout.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1973
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 4,300 SF
Lot 2.28 ac (99,317 SF)
Zoning code 22
APN WSBR M:005-B L:019
UPID US42-0440733

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
  • Waste Management Facility Hazardous Waste Disposal

Location

587 Spg St Westbrook, ME 04092-3918
Westbrook metro Census 2901 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
$861k
Blend (final) Blend
$340k

Owner & transaction history

since 2026
2 recorded transactions
2026
Price N/A
2026
$650,000

Zoning & alternative use

22 · Westbrook, ME
Top alternative use upside
Commercial (general) $970,000 +16.6%

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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