Historic Office
10 Exchange Street Unit 204, Portland, ME 04106
For Sale
Contact for pricing
Vacant workspace with an open layout, kitchenette, and sink is located in the B3/Old Port zoning district.
Property Size707 SF
Price / SF$325.32
Days on Market31
Property Features for 10 Exchange Street Unit 204
General Information
Standard status
Size
Property subtype
Zoning
Additional Details
Property Use
Listing Agency:
CORE
Listed By:
Clay Hardy · License ME SA930400
Source:
Crexi
Added: Oct 15
Changed: Nov 9
Last Checked: Nov 12 at 5:50AM
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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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 707 SF office condominium is vacant and arranged as flexible open space. Exposed brick, wood-look flooring, and a kitchenette with a sink are among its interior features. The unit is in the B3/Old Port zoning district, and availability begins January 1, 2027.
Set in Portland’s Old Port, the property is within a walkable downtown area with restaurants, hotels, retail businesses, and offices nearby. Parking garages are also in the surrounding area.
Set in Portland’s Old Port, the property is within a walkable downtown area with restaurants, hotels, retail businesses, and offices nearby. Parking garages are also in the surrounding area.
Key Highlights
- 707 SF office condominium
- Vacant unit with flexible open space and kitchenette/sink area
- Exposed brick and wood‑look flooring
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,121
Cap Rate
4.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$202,420
$202.4K
Cap Rate 7%
$144,586
$144.6K
Cap Rate 9%
$112,456
$112.5K
Market Conditions
NOI Build-Up for 707 SF
Gross rent
$15.4K $21.84/SF
− Vacancy
−$1.9K −$2.75/SF
EGI
$13.5K $19.09/SF
− OpEx
−$3.4K −$4.77/SF
NOI
$10.1K $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%
$202,420
Cap Rate 7%
$144,586
Cap Rate 9%
$112,456
Alternative Uses
Best Use
Office B
$144.6K
$126.5K – $168.7K
NOI $10,121 @ 7.0% cap · market cap 4.40%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$194.3K
$170.0K – $226.7K
NOI $13,602 @ 7.0% cap · market cap 5.91%
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 workspace with an open layout, kitchenette, and sink is located in the B3/Old Port zoning district.
Where is this office unit located?
The property is located at 10 Exchange Street Unit 204 Portland, ME.
What is the asking price?
The asking price for this property is $230,000.
What are key features of this property?
This property features: 707 SF office condominium; Vacant unit with flexible open space and kitchenette/sink area; Exposed brick and wood‑look flooring
