7 Rand RdPortland, ME 04102

  • Warehouses
  • 303,156 SF
For Lease
$10/SF/YR View listing

Property Details for 7 Rand Rd

Year built
1972
Lot size
18.38 AC
Property size (Sq ft)
303,156 SF
Property type
Warehouses
APN
PTLD M:262 B:A001001
APU
PTLDM262BA001001

Description

This exceptional Portland, Maine office property at 7 Rand Road offers 22,000 square feet of recently renovated executive office space available for lease. The building, totaling 242,965 square feet, is situated on a generous 18.37-acre lot and boasts a convenient location less than one mile from Maine Turnpike/I-95 Exit 47, ensuring easy access for employees and clients. Built in 1972 and extensively renovated in 2023, the two-story building provides a modern and updated workspace. The property features ample on-site parking, a significant advantage in a bustling urban environment. Individual suites range from a minimum of 8,000 square feet to a maximum contiguous space of 14,000 square feet, offering flexibility for businesses of various sizes. The property is zoned IM (Industrial Zone) within Cumberland County, and the 04102 zip code provides access to numerous neighborhood amenities. This is a unique opportunity to secure high-quality, readily available office space in a prime Portland location. The building consists of two suites, and the total vacant space is 22,000 square feet.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $57,368,972
    Hospitality
    $52,549,672
    Educational
    $43,720,708
    Medical
    $45,224,332
    Retail
    $68,009,992

Location Insight

City
Portland
County
Cumberland
State
Maine
Latitude
43.6708
Longitude
-70.3242
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
2024
$198,123
$2,565,000
$10,634,400
$13,199,400
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