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Property profile & analytics
FOR LEASE
Office buildings
70 Gray Rd, Falmouth, ME 04105
Entity Owned
12-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US42-0369634
For Lease
1 / 33
$27,230,000
70 Gray Rd, Falmouth, ME 04105
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Property summary
AI-generated overview
70 Gray Road in Falmouth, Maine presents a remarkable opportunity to lease premium office space. This Class A, three-story building, totaling 143,000 square feet, sits on an expansive 11.27-acre lot. Built in 2001 and extensively renovated in 2018, the property boasts modern, high-end finishes throughout. The building offers flexible space options, with a minimum divisible unit of 20,000 square feet and the potential to lease the entire 143,000 square feet contiguously. The property features large, open floor plates, ideal for various business configurations. Ample parking is provided with 600 spaces on-site. Conveniently located at Exit 53 of the Maine Turnpike, directly across from the West Falmouth Hannaford retail complex, this property offers exceptional accessibility and visibility. The building is zoned WFCMPD and comprises three suites in total. Currently, a tenant will be vacating on January 1, 2025, presenting a prime opportunity for a new occupant. This flagship property in Cumberland County offers a unique blend of modern amenities and strategic location, making it an ideal choice for businesses seeking a prestigious and functional office environment.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2001
Construction
STEEL FRAME
Total area
141,420 SF
Lot
11.27 ac (490,921 SF)
Zoning code
TIF
APN
FMTH M:U44 B:015 L:A
UPID
US42-0369634
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
$33.23M
Comparable Approach
Comparable
$29.16M
Blend (final)
Blend
$27.23M
Owner & transaction history
Arc Tdfmtme 1 LLC · 12 yrs held
Arc Tdfmtme 1 LLC
since 2014
1 recorded transaction
Zoning & alternative use
TIF · Falmouth, ME
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$30.5M
+17.6%
Retail stores
$28.7M
+10.6%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Falmouth submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Falmouth submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$35,995,000
6.5%
$33,225,000
7%
$30,850,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$25,930,000
Current use
COMMERCIAL (GENERAL)
$30,495,000
Change: +18% · Conversion: Easy
RETAIL STORES
$28,685,000
Change: +11% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$21,180,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$27.23M
Range $24.51M – $29.95M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$193 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$384,137
Tax year 2023
Assessed value
$30,390,600
Assessed 2023
Previous assessed
$30,390,600
+0.0% YoY
Effective rate
1.26%
On assessed value
Assessed land
$10,405,200
Assessed improvement
$19,985,400
Applied tax rate
24,495.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
2001
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
3
Units
1
Total area
141,420 SF
Lot
11.27 ac (490,921 SF)
Zoning code
TIF
APN
FMTH M:U44 B:015 L:A
UPID
US42-0369634
Jurisdiction
FALMOUTH
Zoning & alternative use
TIF · Falmouth, ME
Zoning TIF · permitted uses
TIF · Falmouth, ME
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Falmouth. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$25.9M
COMMERCIAL (GENERAL)
Est. value
$30.5M
RETAIL STORES
Est. value
$28.7M
INDUSTRIAL (GENERAL)
Est. value
$21.2M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
RETAIL STORES
INDUSTRIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2001
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
3
Buildings
1
Units
1
Lot
11.27 ac
Current owner
From public records · entity-resolved
Arc Tdfmtme 1 LLC
Entity
Mailing address
1701 MARLTON PIKE E, CHERRY HILL, NJ 08003-2390
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 10, 2014
—
Arc Tdfmtme 1 LLC
—
Deed Of Trust
related
$620,000,000 · Cantor Commercial Real Estate
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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