Financial
Distress signals
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
Last sale Apr 2026 · $650,000
Entity Owned Owner of record is a legal entity (LLC / corporation). Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property is a leaseable office building located in Westbrook, Maine, within the Manufacturing Zoning District, which permits multiple uses. It provides approximately 2,400 square feet of office space on a 2.28-acre lot with ample off-street parking. The site is positioned with convenient access to the Portland area, including proximity to the turnpike and the jetport, and the combination of zoning and parking supports a range of business uses allowed under the Manufacturing Zoning District.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$10k
Tax billed · 2023
Assessed value$572k
Assessed land$192k
Assessed improvement$380k
Effective rate1.67%

Value estimate

· Sep 2026
$340k
$306k – $374k
Submarket $/SF estimate$861k

Realmo valuation models over county records and 3 qualifying comparable sales.

Recently sold

What actually traded nearby?
$194/SF
County average, outlier-cleaned · 93 recorded sales of this use type
Observed band · Q1–Q3$129 – $261
Qualifying comparables3

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
22
JurisdictionWESTBROOK

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency14.0
Restaurant12.4
Law Firm11.1

Location

587 Spg St Westbrook, ME 04092-3918
County assessor Recorded deeds · 2 transfers 3 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 9 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
625 Main, Westbrook, ME 04092-4120 $952,300 Nov 2025 4,118 SF
501 County, Westbrook, ME 04092-1921 $1,945,000 Dec 2023 13,864 SF
543 Main, Westbrook, ME 04092-4112 $679,000 May 2023 2,898 SF
55 Stroudwater, Westbrook, ME 04092-4033 $650,000 Jan 2023 5,078 SF
706 Main, Westbrook, ME 04092-3413 $565,000 Jun 2022 2,165 SF
30 Thomas, Westbrook, ME 04092-3851 $2,450,000 Jan 2022 11,174 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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