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    Property profile & analytics

    93 Mclellan Rd Gorham, ME 04038

    • Turn key restaurants
    • 4,800 SF
    • 77.00 lot acres
    For Sale
    View listing
    Value Estimation
    Location Intelligence
    Property ID
    US42-0327322
    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.

    Current Use by Public Records

    • 1st Stop Convenience / Grocery Store
    • Gorham Country Club Snack Bar / Country Club

    Property Details for 93 Mclellan Rd

    Year built
    1988
    Construction
    STEEL FRAME
    Lot size
    77.00 lot acres
    Property size
    4,800 SF
    Zone code
    SR
    Property type
    Turn key restaurants
    APN
    GRHM M:007 B:006 L:000
    APU
    GRHMM007B006L000

    Description

    This exceptional 15.3-acre commercial land parcel, located at 93 McLellan Road in Gorham, Maine (zip code 04038), presents a unique investment opportunity. Situated in the South Gorham Commercial Corridor District, the property offers versatile zoning allowing for a wide range of development options. Permitted uses include apartment buildings or multi-family housing, nursing homes, business and professional services, light industrial uses, schools, and churches. The land comprises multiple parcels and features distinctive glacier rock formations. Conveniently located off Routes 22 and 114, this property enjoys close proximity to downtown Gorham and the retail amenities of Westbrook. A significant advantage is the adjacency of Lots 5, 6, and 7 to the planned Maine Turnpike Authority East-West Highway. This new highway, scheduled for completion in 2030, will connect Maine Turnpike Exit 45 (Maine Mall Exit) and I-295 to the Route 114 roundabout for the Rines Bypass in Gorham, significantly enhancing accessibility and future value. This prime location and flexible zoning make this property an attractive prospect for developers seeking a strategic investment in a rapidly growing area of Maine. The property's size and location offer substantial potential for a variety of commercial and residential developments.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Gorham
    County
    Cumberland
    State
    Maine
    Longitude
    -70.4081
    Latitude
    43.6515
    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
    $13,973
    $363,300
    $652,900
    $1,016,200
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

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      120 Main St

      SHOW ROOM, WAREHOUSE • 11,082 SF
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    Similar Nearby for Lease

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      16,600± SF industrial space with office and parking.
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    93 Mclellan Rd
    Gorham, ME 04038
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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