82 Running Hill Rd South Portland, ME 04106
Property profile & analytics
82 Running Hill Rd South Portland, ME 04106
- Office buildings
- 116,600 SF
- 12.37 lot acres
Property ID
US42-0338900
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Office buildings
Property Details for 82 Running Hill Rd
- Year built
- 1987
- Construction
- STEEL FRAME
- Lot size
- 12.37 lot acres
- Property size
- 116,600 SF
- Zone code
- Z
- Property type
- Office buildings
- APN
- SPOR M:073 L:011-A
- APU
- SPORM073L011A
Description
This exceptional 3,765 square foot executive office suite is located at 82 Running Hill Road in South Portland, Maine, within a prestigious Class A, four-story office building. The building boasts a total of 116,600 square feet and offers ample on-site parking for tenants and their guests. The suite is part of a multi-tenant building, situated on a generous 12.37-acre lot, providing a tranquil and professional environment. The building features elevators for convenient access to all floors. Its prime location in Cumberland County offers easy access to major transportation routes, ensuring convenient commutes for employees and clients. 82 Running Hill Road is known for its high visibility and desirable location, attracting a distinguished tenant roster including On Semiconductor, Dead River Company, HNTB, and the Federal Aviation Administration. This suite presents a unique opportunity to establish a presence in a highly sought-after South Portland business address, benefiting from the building's excellent amenities and strategic location. The property's Class A designation reflects its superior construction, modern design, and high-quality finishes. This is an ideal space for businesses seeking a professional and well-appointed office environment in a thriving commercial area. The suite is currently vacant and ready for immediate occupancy.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $29,675,000
- 6.5%
- $27,395,000
- 7%
- $25,435,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $24,325,000
- AI Estimate
- $14,576,000
Market price range: $15.0M - $29.7MMarket price range: $5.84M - $20.5M -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $21,380,000 Current use
- COMMERCIAL (GENERAL)
- $25,140,000 Change: +18% Conversion: Easy
- RETAIL STORES
- $23,650,000 Change: +11% Conversion: Moderate
- INDUSTRIAL (GENERAL)
- $17,460,000 Change: -18% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- South Portland
- County
- Cumberland
- State
- Maine
- Longitude
- -70.3427
- Latitude
- 43.6364
- CBSA code
- 38860
- CBSA name
- PORTLAND-SOUTH PORTLAND-BIDDEFORD, ME METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$317,048
$5,864,500
$16,557,600
$22,422,100
-
$0.00
$0.00
$0.00
