600 Sable Oaks DrSouth Portland, ME 04106

Property Details for 600 Sable Oaks Dr

Year built

1992

Lot size

5.25 AC

Property size (Sq ft)

95,457 SF

Zone code

Z

Property type

Office properties

Property subtype

Office buildings

APN

SPOR M:069 L:013

APU

SPORM069L013

Description

This exceptional Class A office space, located at 600 Sable Oaks Drive in South Portland, Maine, offers 19,650 square feet of immediately available space on the second floor. The property, situated on a 5.25-acre lot, boasts a total building size of 95,457 square feet and is zoned for Professional Office use (PO). Built in 1992, the building features ample on-site parking at no additional cost to tenants. The minimum divisible space is 3,000 square feet, with a maximum contiguous space of 19,650 square feet. This presents a unique opportunity for businesses seeking flexible office solutions, ranging from smaller executive suites to larger, contiguous spaces. The landlord is open to build-to-suit options to accommodate specific tenant needs. The property's prime location in South Portland, with its convenient access to major transportation routes, adds to its appeal. The building enjoys a strong tenant roster, including notable companies such as Atlantic Regional Federal Credit Union, Consolidated Communications, Reliance Standard Life Insurance, and Progressive Casualty Insurance. The property's APN is Map 69, Lot 13, and its zip code is 04106. This is a rare opportunity to secure high-quality office space in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $15,781,893

  6.5%

  $14,567,902

  7%

  $13,527,337

• Comparable approach

  Method

  Valuation

  Relative Method

  $12,472,412

  Geo Method

  $12,472,412

• Alternative Use

  Use

  Valuation

  Residential

  $18,064,198

  Hospitality

  $16,546,708

  Educational

  $13,766,667

  Medical

  $14,240,124

  Retail

  $21,414,816

Location Insight

City

South Portland

County

Cumberland

State

Maine

Latitude

43.641

Longitude

-70.3406

CBSA code

38860

CBSA name

PORTLAND-SOUTH PORTLAND-BIDDEFORD, ME METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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