177 Gray RdFalmouth, ME 04105

  • Office properties
  • 4,082 SF
For Lease
$15/SF/YR View listing

Property Details for 177 Gray Rd

Year built
1970
Construction
FRAME
Lot size
3.36 AC
Property size (Sq ft)
4,082 SF
Zone code
VMU
Property type
Office properties
Property subtype
Office buildings
APN
FMTH M:U42 B:037 L:B
APU
FMTHMU42B037LB

Description

This exceptional commercial property at 177 Gray Rd, Falmouth, ME 04105, offers a unique blend of office suites and ample outdoor storage space. The 4,082 square foot building, constructed in 1970, sits on a 3.36-acre lot and is zoned VMU (Village Mixed-Use). The two-story structure features multiple tenancies, with available office spaces ranging from 225 to 800 square feet, making it ideal for a variety of businesses. The property boasts excellent visibility thanks to pylon signage and is conveniently located just north of the West Falmouth Hannaford, ensuring high traffic and easy access. Shared on-site parking is provided for tenants' convenience. The existing tenant mix includes established businesses such as New England Landscapes, The Grounds Crew, Southpaw Sign Studio, and Wireless Consulting, creating a thriving and collaborative environment. The property's APN is U42-37-B, and it is situated in Cumberland County. This versatile property presents a fantastic opportunity for businesses seeking a combination of office space and secure outdoor storage. The property's location and existing tenant base offer a strong foundation for future success. Contact us today to learn more about this exceptional opportunity.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $674,876
    6.5%
    $622,963
    7%
    $578,466
  • Comparable approach

    Method
    Valuation
    Relative Method
    $533,354
    Geo Method
    $533,354
  • Alternative Use

    Use
    Valuation
    Residential
    $772,474
    Hospitality
    $707,582
    Educational
    $588,700
    Medical
    $608,946
    Retail
    $915,756
177 Gray Rd, Falmouth, Maine

Location Insight

City
Falmouth
County
Cumberland
State
Maine
Latitude
43.749
Longitude
-70.2976
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
$7,580
$181,800
$417,900
$599,700
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-
-
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FAQs

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