Building Details

Building Size 48,897 SF

Year Built 1974

Spaces For Lease

at 1 Davis Farm Rd

Office/Flex Building in Portland - Davis Farm Road $9/SF/Yr

Size 48,897 SF

Type Office/Flex Building

Term Negotiable

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Listed By: Jon Rizzo, SIOR Show Phone

Source: Boulos

Added: Mar 26 Changed: Oct 3 Last Checked: Oct 16 at 7:19AM

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Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Jon Rizzo, SIOR

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Investment Insights

Based on property information with market context.

Key Highlights

• Large, efficient floor plates
• Free parking
• Easy access to Washington Avenue

Property Analytics

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Current Use

New England Telephone Telecommunications Service City Land towing Auto Repair Shop

Suggested Use

Top Pick Real Estate Agency Restaurant Law Firm Auto Repair Shop Hair Salon Spa & Massage Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)

Lease Type

$1.35 /SF/Yr

CAM

Location Intelligence

Trade Area within ½ mile

133

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

Lease Benchmarks for Portland, ME

$15.11 /SF/Yr

Avg Asking Price

$9–$21 /SF/Yr

Price Range

25,531 SF

Avg Space Size

This space is priced 40% below the average of $15.11 /SF/Yr.

Vacancy Rate% for Office in Northeast region

13.1% 2019

15.4% 2020

17.6% 2021

19.1% 2022

20.2% 2023

20.9% 2024

19.9% 2025

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Frequently Asked Questions

Where is this office building located?

The property is located at 1 Davis Farm Rd Portland, ME.

What is the lease rate?

The lease rate is $9 SF/Yr.

What are key features of this property?

This property features: Large, efficient floor plates; Free parking; Easy access to Washington Avenue