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Property profile & analytics
FOR LEASE
Warehouses

7 Rand Rd Portland, ME 04102

303,156 SF 18.38 ac lot Built 1972
Entity Owned 16-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US42-0161870
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1972
Total area 303,156 SF
Lot 18.38 ac (800,459 SF)
APN PTLD M:262 B:A001001
UPID US42-0161870
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
Current use
Occupant on record · Public records
  • Brockway Smith Co Warehouse & Storage
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$4.39M
Owner & transaction history
Emery-waterhouse Co · 16 yrs held
Emery-waterhouse Co
since 2009
1 recorded transaction
2009
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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