Office Unit with Tall
10 Exchange Street Suite 201, Portland, ME 04106
For Sale
Contact for pricing
Vacant commercial condominium space offers an open plan and access to Portland’s walkable Old Port district.
Property Size1,670 SF
Price / SF$284.43
Days on Market26
Property Features for 10 Exchange Street Suite 201
General Information
Standard status
Size
Property subtype
Additional Details
Property Use
Listing Agency:
CORE
Listed By:
Clay Hardy · License #SA930400
Source:
Crexi
Added: Oct 15
Changed: Nov 8
Last Checked: Nov 8 at 3:28PM
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 CORE
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Investment Insights
Based on property information with market context.
This vacant office condominium contains approximately 1,670 square feet, with an open floor plan, high ceilings, and tall windows that bring in natural light. Its current condition allows a purchaser to adapt the interior for office, studio, showroom, professional-service, or other permitted commercial use. The unit is scheduled to be available beginning January 1, 2027.
The property is in Portland’s Old Port, within a walkable downtown setting surrounded by restaurants, hotels, shops, and offices. Nearby parking is also noted.
The property is in Portland’s Old Port, within a walkable downtown setting surrounded by restaurants, hotels, shops, and offices. Nearby parking is also noted.
Key Highlights
- Approximately 1,670 square feet of vacant office condominium space
- Open floor plan with high ceilings and tall windows
- Interior can be customized for office, studio, showroom, or professional‑service use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,908
Cap Rate
5.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$478,160
$478.2K
Cap Rate 7%
$341,543
$341.5K
Cap Rate 9%
$265,644
$265.6K
Market Conditions
NOI Build-Up for 1,670 SF
Gross rent
$36.5K $21.84/SF
− Vacancy
−$4.6K −$2.75/SF
EGI
$31.9K $19.09/SF
− OpEx
−$8.0K −$4.77/SF
NOI
$23.9K $14.32/SF
Area
Cumberland County, ME
Vacancy
12.60%
Lease Rate
$21.84 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$478,160
Cap Rate 7%
$341,543
Cap Rate 9%
$265,644
Alternative Uses
Best Use
Office B
$341.5K
$298.9K – $398.5K
NOI $23,908 @ 7.0% cap · market cap 5.03%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$459.0K
$401.6K – $535.5K
NOI $32,130 @ 7.0% cap · market cap 6.76%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
5,360
Businesses Nearby
Explore this area
Business Placement
Demographics for 04106, ME
26,641
Population
12,849
Households
2.1
Avg Household Size
41
Median Age
49%
College-Educated
95%
High-School Grad
12.2 sq mi
ZIP Area
2,184
Density / Sq Mi
$83,744
Median Household Income
$47,818
Median Earnings
$1,642
Median Rent
$403,500
Median Home Value
Market
Average Price Trend$/SF for Office Units in Cumberland County, ME
Properties on Market for Office Units in Cumberland County
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - Vacant commercial condominium space offers an open plan and access to Portland’s walkable Old Port district.
Where is this office unit located?
The property is located at 10 Exchange Street Suite 201 Portland, ME.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Approximately 1,670 square feet of vacant office condominium space; Open floor plan with high ceilings and tall windows; Interior can be customized for office, studio, showroom, or professional‑service use
