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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    65 Portland Rd Kennebunk, ME 04043-6742

    • Commercial real estate
    • 60,513 SF
    • 18.12 lot acres
    OFF-MARKET
    Value Estimations
    $6,545,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US42-0768535
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Brandon Kyle Bourgoin / Physician
    • Jessica Abbott / Physician
    • Dr. Brent Pritt / Physician
    • Brandon Bourgoin / Physician
    • Hannaford / Grocery & Convenience Store / Food Market

    Property Details for 65 Portland Rd

    Year built
    2007
    Construction
    STEEL FRAME
    Lot size
    18.12 lot acres
    Property size
    60,513 SF
    Property type
    Commercial real estate
    APN
    KENB M:038 L:032
    APU
    KENBM038L032

    Description

    This exceptional 4,200 square foot retail space, located at 65 Portland Road in Kennebunk, Maine, presents a unique opportunity for businesses seeking a prominent location within a thriving commercial district. Built in 2007, this single-tenant property boasts ample on-site parking, ensuring convenient access for customers. The space is currently vacant and ready for immediate occupancy. Situated in York County, the property benefits from a Suburban Commercial (SC) zoning designation. Its strategic location off US Route One places it in the heart of Kennebunk's bustling retail area, offering high visibility and accessibility. The property is part of the Shops at Long Bank, a retail center anchored by a Hannaford supermarket, a major regional grocery store, ensuring consistent foot traffic. The property also offers the advantage of available pylon signage, providing excellent opportunities for branding and marketing. With its ideal location, ample parking, and strong visibility, this retail space is perfectly suited for a variety of businesses seeking to establish a presence in one of Maine's most popular destinations. The 4,200 square feet provides ample room for a wide range of retail operations. The property's 2007 construction ensures modern amenities and efficient layout. The zip code is 04043.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $8,427,000
      Market price range: $7.63M - $27.0M
      AI Estimate
      $4,784,000
      Market price range: $3.19M - $15.4M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Kennebunk
    County
    York
    State
    Maine
    Longitude
    -70.5268
    Latitude
    43.3958
    CBSA code
    38860
    CBSA name
    PORTLAND-SOUTH PORTLAND-BIDDEFORD, ME METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $79,818
    $0.00
    $4,973,100
    $4,973,100
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

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    • Value Estimation by Request

      8 Western Ave, Unit 22

      COMMERCIAL CONDOMINUIM
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      8 Western Ave Ste, Kennebunk, ME 04043-7756
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      21,449 SF

      5 Fletcher St

      COMMERCIAL (GENERAL) • 21,449 SF
      5 Fletcher St, Kennebunk, ME 04043-6705
      View Details
    • Value Estimation
      $2,215,000
      9,328 SF

      95 York St

      COMMERCIAL (GENERAL) • 9,328 SF
      95 York St, Kennebunk, ME 04043-7103
      View Details
    • Value Estimation by Request

      8 Western Ave, Unit 25

      COMMERCIAL CONDOMINUIM
      8 Western Ave, Kennebunk, ME 04043-7756
      View Details

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    Similar Nearby for Lease

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      Kennebunk Retail Development Opportunity

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      View Details
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    65 Portland Rd
    Kennebunk, ME 04043-6742
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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