Corner Lot Office
499 Stevens Avenue Portland, ME 04103
For Sale
$575,000
COMMERCIAL - Portland, ME
Property Size2,545 SF
Lot Size0.15 Acres
Price / SF$225.93
Days on Market11
Property Features for 499 Stevens Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Office
- Zoning
- B-1
- Rooms
- Basement
- Parking features
- Off Street
- Basement
- Unfinished, Full
- Accessibility
- Accessible Approach with Ramp
- Standard status
- Active
- Size
- 2,545 SF
- Lot size
- 0.15 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 4937
Utilities
- Sewer type
- Public Sewer
- Heating system
- Baseboard, Hot Water(Heating), Natural Gas
- Water source
- Public
Building Details
- Year built
- 1900
- Building materials
- Wood Frame, Aluminum Siding
- Roof type
- Shingle
Listing Agency:
Vitalius Real Estate Group, LLC
(207) 541-3755
Listed By:
Briton Vitalius
(207) 541-3755
Added: Jul 14
Last Checked: Jul 24 at 11:06PM
MLS# 1671072
Copyright © 2026 Maine Listings. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This commercial office building is positioned on a prominent corner lot and is currently configured as six professional office suites, with five tenants in place. The property includes on-site parking, attractive green space, and a wheelchair ramp for accessible entry. Additional space is available in the attic, which may support expansion or storage.
Located in Deering Center, the building benefits from visibility associated with its corner placement.
Zoning is listed as B-1, supporting a range of commercial uses consistent with local requirements. The offering is also described as offering flexibility for future use, depending on tenant needs and redevelopment plans.
Located in Deering Center, the building benefits from visibility associated with its corner placement.
Zoning is listed as B-1, supporting a range of commercial uses consistent with local requirements. The offering is also described as offering flexibility for future use, depending on tenant needs and redevelopment plans.
Key Highlights
- 2,545± SF commercial building currently configured as six professional office suites with five tenants in place
- Prominent corner lot with on‑site off‑street parking and a wheelchair ramp for accessible entry
- Public utilities: public water and public sewer
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $55.6k | $21.84 |
| − Vacancy | −$7.0k | −$2.75 |
| EGI | $48.6k | $19.09 |
| − OpEx | −$12.1k | −$4.77 |
| NOI | $36.4k | $14.32 |
2,545 SF · lease $21.84/SF/yr · vacancy 12.60% · expense 25.00%
Alternative Uses
Best Use
Office B
$520.5K
$455.4K – $607.3K
NOI $36,435 @ 7.0% cap · market cap 6.34%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$699.5K
$612.1K – $816.1K
NOI $48,965 @ 7.0% cap · market cap 8.52%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Kind Wellness
Medical Clinic
Tricia Albert
Physician
Violet Healing and Recovery
Counselor
Dr. Paul Perreault
Alternative Medicine Practice
Holistic Ascension
Alternative Medicine Practice
FAQs
What type of property is this?
Office units - Office building configured as six suites, with five tenants in place, plus on-site parking and an accessible entry ramp.
Where is this office units located?
The property is located at 499 Stevens Avenue Portland, ME.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: 2,545± SF commercial building currently configured as six professional office suites with five tenants in place; Prominent corner lot with on‑site off‑street parking and a wheelchair ramp for accessible entry; Public utilities: public water and public sewer
