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    Derek Miller, Portland, ME

    License ID: 918125
    Cb Richard Ellis/The Boulos Co
    Association
    Maine Commercial Association Of Realtors Inc

    Service Locations

    Contact details

    Phone:
    (207) 240-0032
    Office Address:
    One Canal Plz, Portland, ME, 4101

    Performance

    Listings
    29

    Listings

    For Sale (9)

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    • $349,000
      28,395 SF

      Industrial Building For Sale

      28,395 SF industrial building on 2.25 AC parcel.
      18 Lithgow St, Winslow, ME 04901
      View Details
    • $399,000
      4,025 SF

      Mixed-Use Building in Downtown

      Office and residential building in prime downtown location.
      76 Main St S, Paris, ME
      View Details
    • $398,000

      Newcastle Land for Sale

      Two lots totaling 112.88 acres in Newcastle, Maine.
      Hopkins Hill Rd, Newcastle, ME 04553
      View Details
    • $149,000

      Retail Building in Downtown Dexter

      Retail building in downtown Dexter with high traffic volume.
      29 Spring St, Dexter, ME 04930
      View Details
    • $709,000
      4,610 SF

      Portland Warehouse with Office Space

      4,610 SF building with office and warehouse space for sale.
      892 Riverside St, Portland, ME 04103
      View Details
    • Contact for pricing
      6,000 SF

      Commercial Pad Sites For Sale

      Two commercial pad sites available for sale or ground lease.
      251 Kennedy Memorial Dr, Waterville, ME 04901
      View Details
    • Contact for pricing

      Dexter Commercial Parcel For Sale

      0.29 acre commercial parcel in the center of Dexter.
      29 Spring St, Dexter, ME 04930
      View Details
    • Contact for pricing

      10 Acre Outparcel Land

      10 acre outparcel land available for sale.
      251 Kennedy Memorial Dr, Waterville, ME 04901
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    • Contact for pricing

      10 Acre Outparcel For Sale

      10 acre outparcel available for sale.
      251 Kennedy Memorial Dr, Waterville, ME 04901
      View Details

    For Lease (20)

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    • Contact for pricing

      Retail Suites in Old Port

      Two retail suites available in Portland's Old Port.
      20 Free St, Portland, ME 04101
      View Details
    • Contact for pricing
      11,890 SF

      South Portland Retail/Office Opportunity

      Modern, adaptable space in high-traffic Maine Mall area.
      264 Gorham Rd, South Portland, ME 04106
      View Details
    • $20 SF/Yr
      3,693 SF

      New Waterfront Retail/Office Building

      New construction retail and office space on Portland's waterfront.
      266 Commercial St, Portland, ME 04102
      View Details
    • Contact for pricing

      Freestanding Restaurant/Retail Building in Maine

      6,250 SF restaurant/retail building in Maine Mall trade area.
      465 Maine Mall Rd, South Portland, ME 04106
      View Details
    • Contact for pricing

      Maine Mall Retail Space Available

      Retail space near Maine Mall, suitable for various businesses.
      50 Maine Mall Rd, South Portland, ME 04106
      View Details
    • Contact for pricing
      3,000 SF

      Retail Space at Airport Mall

      Retail spaces available at a well-located shopping center.
      1129 Union St, Bangor, ME 04401
      View Details
    • Contact for pricing
      1,676 SF

      Retail Space in Wells Plaza

      1,676± SF retail space available for lease.
      75 Wells Plz, Wells, ME 04090
      View Details
    • Contact for pricing
      7,633 SF

      Topsham Medical/Office Space Available

      Prime medical/office space with high visibility and easy access.
      105 Topsham Fair Mall Rd, Topsham, ME 04086
      View Details
    • Contact for pricing
      2,400 SF

      Retail Space in Shaw’s Plaza

      2,400± SF retail suite in Windham's Shaw’s Plaza.
      770 Roosevelt Trl, Windham, ME 04062
      View Details
    • Contact for pricing
      120,000 SF

      New Class A Office Building

      New construction Class A office space in Rock Row development.
      100 Quarry Rd, Portland, ME 04103
      View Details
    • $20 SF/Yr
      2,800 SF

      Retail Space in Cook's Corner

      Retail space in high-traffic Brunswick location with national tenants.
      13 Gurnet Rd, Brunswick, ME 04011
      View Details
    • $24 SF/Yr
      1,803 SF

      Downtown Portland Office Space Available

      Full floor office suites for lease in Portland's financial district.
      48 Free St, Portland, ME 04101
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    • $650 /Mo
      2,540 SF

      Renovated Waterfront Office with Harbor Views

      Historic Class A office space with exposed beams and brick.
      254 Commercial St, Portland, ME 04101
      View Details
    • Contact for pricing
      19,582 SF

      Brunswick Retail Space For Lease

      Retail spaces available in Brunswick's heavily traveled retail market.
      174 Bath Rd, Brunswick, ME 04011
      View Details
    • Contact for pricing

      Retail Space at Wells Plaza

      Retail space for rent in Wells Plaza on Route 1.
      40-75 Wells Plz, Wells, ME 04090
      View Details
    • Contact for pricing

      Retail Pad Site For Lease

      0.72 acre retail pad site available for lease.
      178 Bath Rd, Brunswick, ME 04011
      View Details
    • Contact for pricing

      Class A Office Space

      New Class A office space in mixed-use community.
      100 Quarry Dr, Portland, ME 04102
      View Details
    • Contact for pricing

      Renovated Waterfront Office Building

      Historic Class A office space with harbor views.
      254 Commercial St, Portland, ME 04101
      View Details
    • Contact for pricing

      Downtown Location Near Cross Arena

      Office space for rent in a great downtown location.
      48 Free St, Portland, ME 04101
      View Details
    • $15 SF/Yr
      302,003 SF

      Cooks Corner Shopping Center Opportunity

      Maine Retail Space: High-Traffic Location
      174 Bath Rd, Brunswick, ME 04011
      View Details

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    Derek Miller, Portland, ME
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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    Derek Miller, Portland, ME
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