Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$1,550,000
Commercial real estate
91 Larrabee Rd Westbrook, ME 04092-4756
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US42-0504580
Property summary
AI-generated overview
This 1,400 square foot, second-floor medical office suite is situated at the intersection of Larrabee Road and Main Street in Westbrook, Maine, offering a highly desirable location adjacent to the Rock Row development. The property, part of a larger 7,632 square foot building constructed in 2002, is classified as Class B and features a convenient location, less than half a mile from Maine Turnpike Exits 47 & 48. The suite has recently undergone renovations, including new paint, lighting, and ceiling tiles. Parking is available on-site, shared with other tenants. The building is a two-story structure on a 0.51-acre lot within the Greater Portland submarket and Westbrook submarket cluster in Cumberland County. The property is a multi-tenant building with a total of 7,632 square feet. The lease rate is $1,800 per month on a modified gross basis. This presents a fantastic opportunity for medical professionals seeking a modern, well-located office space in a thriving area.
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Lot
0.51 ac (22,216 SF)
Zoning code
17
APN
WSBR M:042-B L:008
UPID
US42-0504580
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
Current use
Occupant on record · Public records
-
ESH Associates, Inc. Environmental Engineer Environmental Consultant
-
Reiki & Tarot Readings by Dianne Physician Alternative Medicine Practice
-
Maine Staffing Group Employment Agency
-
Alternative Solutions Inc Employment Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.47M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.55M
Owner & transaction history
L -bee Holdings LLC · 1 yrs held
L -bee Holdings LLC
since 2025
Last sale
$1.6M
1 recorded transaction
Zoning & alternative use
17 · Westbrook, ME
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Westbrook submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Westbrook 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
$1,480,000
ML approach
$1,465,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.55M
Range $1.40M – $1.71M · ±10% · vs last sale $1.63M (Mar 25 2025)
Last sale anchor
$1.63M
Mar 25 2025
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
—
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
$26,178
Tax year 2023
Assessed value
$1,569,400
Assessed 2023
Previous assessed
$1,307,700
+20.0% YoY
Effective rate
1.67%
On assessed value
Assessed land
$401,300
Assessed improvement
$1,168,100
Applied tax rate
82,105.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Heating
NONE
Cooling
YES
Buildings
2
Units
2
Lot
0.51 ac (22,216 SF)
Zoning code
17
APN
WSBR M:042-B L:008
UPID
US42-0504580
Jurisdiction
WESTBROOK
Zoning & alternative use
17 · Westbrook, ME
Zoning 17 · permitted uses
17 · Westbrook, ME
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Westbrook. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
NONE
Cooling
Yes
Buildings
2
Units
2
Lot
0.51 ac
Current owner
From public records · entity-resolved
L -bee Holdings LLC
Entity
Free & Clear · 1 yrs held
Mailing address
5100 SW 111TH LN RD, OCALA, FL 34476-7782
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
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
Mar 25, 2025
$1,630,000
L -bee Holdings LLC
Shoemaker LLC
Deed
—
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 91 Larrabee Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
