Occupied Office
10 Exchange Street Suite 206, Portland, ME 04106
For Sale
Contact for pricing
A compact commercial condominium with existing occupancy in Portland’s Old Port.
Property Size652 SF
Price / SF$406.44
Days on Market31
Property Features for 10 Exchange Street Suite 206
General Information
Standard status
Size
Property subtype
Additional Details
Tenant in Place
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 7:09AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 652± SF office condominium at 10 Exchange Street is currently occupied. Its compact layout and historic character support office, professional service, studio, or other permitted commercial uses.
The unit is in Portland’s Old Port, with restaurants, hotels, retail, offices, and parking facilities nearby. Condominium units at the property are scheduled to become available January 1, 2027.
The unit is in Portland’s Old Port, with restaurants, hotels, retail, offices, and parking facilities nearby. Condominium units at the property are scheduled to become available January 1, 2027.
Key Highlights
- 652± SF commercial condominium
- Currently occupied
- Historic character and an efficient layout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,334
Cap Rate
3.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$186,680
$186.7K
Cap Rate 7%
$133,343
$133.3K
Cap Rate 9%
$103,711
$103.7K
Market Conditions
NOI Build-Up for 652 SF
Gross rent
$14.2K $21.84/SF
− Vacancy
−$1.8K −$2.75/SF
EGI
$12.4K $19.09/SF
− OpEx
−$3.1K −$4.77/SF
NOI
$9.3K $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%
$186,680
Cap Rate 7%
$133,343
Cap Rate 9%
$103,711
Alternative Uses
Best Use
Office B
$133.3K
$116.7K – $155.6K
NOI $9,334 @ 7.0% cap · market cap 3.52%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$179.2K
$156.8K – $209.1K
NOI $12,544 @ 7.0% cap · market cap 4.73%
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 - A compact commercial condominium with existing occupancy in Portland’s Old Port.
Where is this office unit located?
The property is located at 10 Exchange Street Suite 206 Portland, ME.
What is the asking price?
The asking price for this property is $265,000.
What are key features of this property?
This property features: 652± SF commercial condominium; Currently occupied; Historic character and an efficient layout
