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Property profile

75 Somerset St Portland, ME 04101

FOR SALE
Commercial land
Property ID
US42-0419131
1.46 ac lot
Entity Owned Owner of record is a legal entity (LLC / corporation). Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

A 3.5±-acre commercial land tract at 75 Somerset Street in Portland’s Bayside neighborhood is divided into four parcels and can be considered individually or together. The property is positioned directly along the Bayside Trail, which provides a connection to Deering Oaks Park, Back Cove, and the Eastern Prom, and it is near the Franklin Arterial exit from I-295 and public transportation. Recent zoning changes are described as allowing dense commercial housing and other uses, though the listing does not identify a specific zoning designation.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$15k
Tax billed · 2023
Assessed value$1.08M
Assessed land$1.08M
Effective rate1.44%

Value estimate

· Oct 2026
$375k
$338k – $413k
AI approach$375k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$277/SF
ZIP average, outlier-cleaned · 20 recorded sales of this use type
Observed band · Q1–Q3$115 – $367

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionPORTLAND

Location intelligence

Which uses thrive at this corner?
Best fit: Auto Parts Store
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Auto Parts Store23.0
Building Supply16.7
Auto Repair Shop14.2

Location

75 Somerset St Portland, ME 04101
County assessor Recorded deeds · not on file Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

2 recorded sales · 9 properties nearby
Recent sales nearby
2 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
Brighton, Portland, ME 04101 $25,067 Mar 2024 No data
53 Hanover, Portland, ME 04101-1932 $1,006,200 Feb 2024 7,217 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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