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    FOR LEASE
    Office buildings

    600 Sable Oaks Dr, South Portland, ME 04106

    95,457 SF 5.25 ac lot Built 1992
    Individually Owned 8-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US42-0195376
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    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
    Brookwood Sable Oaks Dr · 8 yrs held
    Brookwood Sable Oaks Dr
    since 2018
    1 recorded transaction
    2018
    Zoning & alternative use
    Z · South Portland, ME
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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