Property profile

600 Sable Oaks Dr South Portland, ME 04106

FOR LEASE
Office buildings
Property ID
US42-0195376
95,457 SF 5.25 ac lot Built 1992
Individually Owned 8-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional Class A office space, located at 600 Sable Oaks Drive in South Portland, Maine, offers 19,650 square feet of immediately available space on the second floor. The property, situated on a 5.25-acre lot, boasts a total building size of 95,457 square feet and is zoned for Professional Office use (PO). Built in 1992, the building features ample on-site parking at no additional cost to tenants. The minimum divisible space is 3,000 square feet, with a maximum contiguous space of 19,650 square feet. This presents a unique opportunity for businesses seeking flexible office solutions, ranging from smaller executive suites to larger, contiguous spaces. The landlord is open to build-to-suit options to accommodate specific tenant needs. The property's prime location in South Portland, with its convenient access to major transportation routes, adds to its appeal. The building enjoys a strong tenant roster, including notable companies such as Atlantic Regional Federal Credit Union, Consolidated Communications, Reliance Standard Life Insurance, and Progressive Casualty Insurance. The property's APN is Map 69, Lot 13, and its zip code is 04106. This is a rare opportunity to secure high-quality office space in a desirable location.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1992
Total area 95,457 SF
Lot 5.25 ac (228,690 SF)
Zoning code Z
APN SPOR M:069 L:013
UPID US42-0195376

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
  • Physician
  • Insurance Agency
  • Insurance Agency
  • Insurance Agency
  • Crisis Center Medical Clinic

Location

600 Sable Oaks Dr South Portland, ME 04106
South Portland metro Census 3002 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
$12.30M
Blend (final) Blend
$10.12M

Owner & transaction history

since 2018
1 recorded transaction
2018
Price N/A

Zoning & alternative use

Z · South Portland, 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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