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    FOR LEASE
    Office buildings

    82 Running Hill Rd, South Portland, ME 04106

    116,600 SF 12.37 ac lot Built 1987
    Entity Owned 6-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US42-0338900
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING
    Year built 1987
    Construction STEEL FRAME
    Total area 116,600 SF
    Lot 12.37 ac (538,837 SF)
    Zoning code Z
    APN SPOR M:073 L:011-A
    UPID US42-0338900
    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
    $27.40M
    Comparable Approach Comparable
    $24.33M
    Blend (final) Blend
    $22.10M
    Owner & transaction history
    607 Nthrn Blvd Realty Corp · 6 yrs held
    607 Nthrn Blvd Realty Corp
    since 2020
    3 recorded transactions
    2020
    2011
    1969
    Zoning & alternative use
    Z · South Portland, ME
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Commercial (general) $25.1M +17.6%
    Retail stores $23.7M +10.6%
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