50 Donald B Dean DrSouth Portland, ME 04106

Property Details for 50 Donald B Dean Dr

Year built

2005

Construction

STEEL FRAME

Lot size

0.83 AC

Property size (Sq ft)

10,200 SF

Zone code

MM

Property type

Office properties

Property subtype

Office buildings

APN

SPOR M:075-A L:107

APU

SPORM075AL107

Description

This exceptional 2,050 square foot Class A office space is available for lease in the desirable Greater Portland submarket of Cumberland County. Located in the prestigious John Roberts Office Park, this single-tenant building offers an efficient layout and updated finishes. Built in 2005, the property sits on a 0.83-acre lot and boasts a total building size of 10,200 square feet, though only a portion is currently available for lease. The building is a single-story structure, eliminating the need for elevators. The property enjoys a tranquil suburban cul-de-sac location, providing ample on-site parking for employees and clients. Its convenient location offers easy access to major transportation arteries, including I-295, the Portland International Jetport, and the Maine Turnpike. The property is zoned IL - Light Industrial, and the annual property taxes are $2.61 per square foot. Utilities, including power, are available. The space is competitively priced at $15.50 per square foot, NNN. The office park is home to a diverse range of established businesses, creating a thriving and professional environment. This is an excellent opportunity for a business seeking a well-maintained, conveniently located office space in a highly sought-after area. The APN is 75/A/107.

• CAP approach

  CAP return

  Valuation

  6%

  $1,686,365

  6.5%

  $1,556,644

  7%

  $1,445,455

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,332,732

  Geo Method

  $1,332,732

• Alternative Use

  Use

  Valuation

  Residential

  $1,930,239

  Hospitality

  $1,768,088

  Educational

  $1,471,029

  Medical

  $1,521,620

  Retail

  $2,288,267

Location Insight

City

South Portland

County

Cumberland

State

Maine

Latitude

43.6316

Longitude

-70.3277

CBSA code

38860

CBSA name

PORTLAND-SOUTH PORTLAND-BIDDEFORD, ME METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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