7 Rand Rd Portland, ME 04102
For Lease
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This exceptional Portland, Maine office property at 7 Rand Road offers 22,000 square feet of recently renovated executive office space available for lease. The building, totaling 242,965 square feet, is situated on a generous 18.37-acre lot and boasts a convenient location less than one mile from Maine Turnpike/I-95 Exit 47, ensuring easy access for employees and clients. Built in 1972 and extensively renovated in 2023, the two-story building provides a modern and updated workspace. The property features ample on-site parking, a significant advantage in a bustling urban environment. Individual suites range from a minimum of 8,000 square feet to a maximum contiguous space of 14,000 square feet, offering flexibility for businesses of various sizes. The property is zoned IM (Industrial Zone) within Cumberland County, and the 04102 zip code provides access to numerous neighborhood amenities. This is a unique opportunity to secure high-quality, readily available office space in a prime Portland location. The building consists of two suites, and the total vacant space is 22,000 square feet.
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Brockway Smith Co Warehouse & Storage
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.