224 GorhamScarborough, ME 04074

  • Other commercial real estate
  • 4,960 SF
Off market
$13,325,050 Estimated

Property Details for 224 Gorham

Year built
1970
Lot size
1.33 AC
Property size (Sq ft)
4,960 SF
Zone code
27
Property type
Other commercial real estate
Property subtype
Showrooms
APN
SCAR M:R038 L:026
APU
SCARMR038L026

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,205,453
    6.5%
    $1,112,726
    7%
    $1,033,246
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,633,146
    Geo Method
    $1,633,146
  • Alternative Use

    Use
    Valuation
    Residential
    $938,626
    Hospitality
    $859,776
    Educational
    $715,324
    Medical
    $739,925
    Retail
    $1,112,726
224 Gorham, Scarborough, Maine

Location Insight

City
Scarborough
County
Cumberland
State
Maine
Latitude
43.6193
Longitude
-70.348
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
$7,691
$206,600
$275,000
$481,600
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FAQs

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