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Property profile & analytics
OFF-MARKET Estimated value $1,255,000
Investment properties

670 Alfred Rd Arundel, ME 04046-8707

12,000 SF 12.11 ac lot Built 1995
Individually Owned 13-yr Hold
Property ID
US42-0292421
Property summary
AI-generated overview

This exceptional commercial property, situated at 670 Alfred Road in Arundel, Maine, presents a unique investment opportunity. Conveniently located on Route 111, just minutes from Route 95, it enjoys easy access to both Portsmouth, NH and Portland, ME, placing it within reach of a substantial customer base. The property encompasses a generous 12.11 acres of land, providing ample space for expansion or future development. The main commercial building boasts 12,256 square feet of space, featuring a prominent glass storefront for optimal visibility and three rear receiving bay doors for efficient loading and unloading of goods. Adding to its versatility, the property includes six greenhouses, totaling over 20,480 square feet of covered area, ideal for various agricultural or horticultural uses. Extensive paved and patio areas, totaling 10,688 square feet, provide ample outdoor space for operations or customer parking. A permitted on-site residence of 576 square feet adds to the property's functionality, featuring a kitchen, bathroom, and a combined bedroom/living area. The property is zoned commercial with a permitted residential use, offering flexibility for a variety of business and residential applications. This property is ideally suited for a business seeking a prominent location with ample space and diverse operational capabilities. The combination of commercial space, greenhouse facilities, and residential accommodation makes this a truly unique and versatile offering.

Property profile
Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1995
Total area 12,000 SF
Lot 12.11 ac (527,512 SF)
APN ARUN M:004 L:040A
UPID US42-0292421
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
$1.51M
Blend (final) Blend
$1.26M
Owner & transaction history
Green Mtn Transplants · 13 yrs held
Green Mtn Transplants
since 2012
1 recorded transaction
2012
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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