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Property profile & analytics

95 Darling Ave South Portland, ME 04106

  • Commercial real estate
  • 30,000 SF
  • 3.19 lot acres
For Lease
Last Sale
Apr 28, 2023
$5,900,000
Value Estimations
$5,750,000
Cap Rate Potential
6.5%
Commercial real estate
Location Intelligence
Property ID
US42-0387296
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

  • Commercial real estate

Property Details for 95 Darling Ave

Year built
1978
Lot size
3.19 lot acres
Property size
30,000 SF
Property type
Commercial real estate
APN
SPOR M:048 L:015-A
APU
SPORM048L015A

Description

This exceptional South Portland industrial property, located at 95-97 Darling Avenue, offers a unique opportunity for businesses seeking versatile manufacturing, warehouse, or distribution space. The single-story, 42,000-square-foot building, constructed in 1978 and extensively renovated in 2023, features three suites with 16,330 square feet currently vacant. Available spaces range from 4,000 to 12,000 square feet, providing flexibility for various operational needs. The building boasts a 16-foot ceiling height, one loading dock, and ample power. Its convenient location in Cumberland County, Maine, provides easy access to Interstates 95 and 295, ensuring efficient transportation and logistics. The property is zoned GC - General Commercial, allowing for a wide range of uses, particularly suited for food-related businesses, including manufacturing, production, packaging, storage, and distribution. The property is part of a food-focused campus, fostering collaboration and growth within the local food economy. This Class C building presents a compelling opportunity to establish or expand operations in a prime South Portland location. The property's APN is Map 048, Lot 015-A, and the zip code is 04106. The building does not include elevators.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    Statistic approach
    $5,725,000
    ML approach
    $6,230,000
  • CAP approach

    CAP Return
    Estimation
    6%
    $6,210,000
    6.5%
    $5,730,000
    7%
    $5,325,000
  • Comparable approach

    Method
    Estimation
    Statistic Estimate
    $5,480,000
    Market price range: $3.20M - $8.92M
  • Alternative Use

    Use
    Estimation
    COMMERCIAL (GENERAL)
    $6,470,000
    Current use
    RETAIL STORES
    $6,085,000
    Change: -6% Conversion: Easy
    OFFICE BUILDING
    $5,500,000
    Change: -15% Conversion: Easy

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
South Portland
County
Cumberland
State
Maine
Longitude
-70.3306
Latitude
43.6401
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
$65,443
$1,007,600
$3,620,600
$4,628,200
-
$0.00
$0.00
$0.00
More about this property
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