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Financial
Distress signals
Property profile

860 Spring St Westbrook, ME 04092

FOR LEASE
Other warehouses
Property ID
US42-0377222
39,820 SF 4.46 ac lot Built 1987
Last sale Feb 2021
Entity Owned Owner of record is a legal entity (LLC / corporation). 5-yr Hold Held for 5 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

Located at 860 Spring St in the Colonel Westbrook Executive Park, this masonry-constructed industrial flex space is planned to provide approximately 15,529 to 20,000+/- square feet and is intended for light industrial and functional business operations. The building design includes 25-foot clear height, two loading docks, and one overhead door. The property is situated at the corner of Spring Street and County Road in Westbrook, with convenient access to Exit 46 of the Maine Turnpike, I-295,…

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?
$52k
Tax billed · 2023
Assessed value$3.10M
Assessed land$797k
Assessed improvement$2.30M
Effective rate1.67%

Value estimate

· Oct 2026
$1.17M
$1.05M – $1.28M
AI approach$1.02M
Submarket $/SF estimate$1.31M

Realmo valuation models over county records.

Recently sold

No data for this section
What actually traded nearby?

No cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.

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

What can be built here?
19
JurisdictionWESTBROOK

Location intelligence

Which uses thrive at this corner?
Best fit: Tailor Shop
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Tailor Shop8.6
Bakery8.3
Parking Facility8.2

Location

860 Spring St Westbrook, ME 04092
County assessor Recorded deeds · 1 transfer Qualifying comp sales · not on file Zoning catalog

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

Comparables

6 recorded sales · 8 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
165 Warren, Westbrook, ME 04092-4463 $1,700,000 Nov 2024 12,075 SF
15 Bradley, Westbrook, ME 04092-2013 $3,425,000 Aug 2024 30,351 SF
65 Bradley, Westbrook, ME 04092-2013 $1,446,300 Feb 2024 8,364 SF
674 Bridgton, Westbrook, ME 04092-3702 $1,350,000 Jul 2023 22,423 SF
590 County, Westbrook, ME 04092-1905 $2,354,000 Apr 2022 13,590 SF
10 Terminal, Westbrook, ME 04092-4760 $1,200,000 Apr 2022 16,974 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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