Two-Story Office Building on Forest
For Sale
$1,150,000
835 Forest Avenue, Portland, ME 04103
COMMERCIAL - Portland, ME
Property Size3,360 SF
Price / SF$342.26
Days on Market333
Property Features for 835 Forest Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Standard status
Active
Size
3,360 SF
Building Details
Year built
1970
Listing Agency:
Auburn, Maine · Better Homes and Gardens Real Estate
(207) 782-8311
Listed By:
Renee Roy
(207) 782-8311
Added: Sep 8, 2025
Changed: Aug 1
Last Checked: Aug 6 at 10:06AM
MLS# 1636883
Copyright © 2026 Better Homes and Gardens-The Masiello Group. 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.
Two-story, 3,360 SF wood-frame office building with a brick facade at the front and sides and vinyl on the rear. The building includes five offices, two full baths and two half baths, and a large paved parking lot that could fit 21+ vehicles. Access is available via a direct entrance from Forest Avenue, with the option to park on both sides of the street 24 hours a day, and a secondary access point from the rear of the building through the paved parking lot.
Built in 1970, the property is located on busy Forest Avenue with high visibility and direct access for daily use. The building sits directly across from Baxter Park, described as a 29-acre park with walking trails. A brand new underground sprinkler system is included for the lawn.
Owner prefers to lease the building.
Built in 1970, the property is located on busy Forest Avenue with high visibility and direct access for daily use. The building sits directly across from Baxter Park, described as a 29-acre park with walking trails. A brand new underground sprinkler system is included for the lawn.
Owner prefers to lease the building.
Key Highlights
- 3,360 SF two‑story wood‑frame office building with brick facade front and sides
- Five offices plus two full baths and two half baths
- Direct entrance from Forest Avenue with access from rear via paved parking lot
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 | $73.4k | $21.84 |
| − Vacancy | −$9.2k | −$2.75 |
| EGI | $64.1k | $19.09 |
| − OpEx | −$16.0k | −$4.77 |
| NOI | $48.1k | $14.32 |
3,360 SF · lease $21.84/SF/yr · vacancy 12.60% · expense 25.00%
Alternative Uses
Best Use
Office B
$687.2K
$601.3K – $801.7K
NOI $48,102 @ 7.0% cap · market cap 4.18%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$923.5K
$808.1K – $1.08M
NOI $64,645 @ 7.0% cap · market cap 5.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
5
Office units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
865
Businesses Nearby
Explore this area
Business Placement
Demographics for 04103, ME
31,185
Population
14,336
Households
2.2
Avg Household Size
40
Median Age
58%
College-Educated
97%
High-School Grad
10.2 sq mi
ZIP Area
3,057
Density / Sq Mi
$90,682
Median Household Income
$48,640
Median Earnings
$1,571
Median Rent
$421,800
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Two-story office building with direct Forest Ave entrance and a large paved parking lot for visitors and staff.
Where is this office building located?
The property is located at 835 Forest Avenue Portland, ME.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: 3,360 SF two‑story wood‑frame office building with brick facade front and sides; Five offices plus two full baths and two half baths; Direct entrance from Forest Avenue with access from rear via paved parking lot
