Portland Office Building For
1087 Forest Avenue Portland, ME 04103
1087 Forest Avenue, Portland, ME, 04103
Contact for pricing
For Sale
Contact for pricing
6,084 SqFt office building available in Portland, Maine.
Property Size6,084 SF
Price / SF$197.24
Days on Market151
Property Features for 1087 Forest Avenue
General Information
- Standard status
- Active
- Size
- 6,084 SF
- Property subtype
- Office
Building Details
- Year Built
- 1982
Listing Agency
Porta & Co
(207) 558-0898
Listed by
Anthony Struzziero · License #ME 920667
Source
Crexi
Added: Feb 19 Checked: Jul 17 at 7:53 am
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 Porta & Co
Investment Insights
Based on property information with market context.
This commercial property is an office building offering 6,084 square feet of space. It is located on Forest Avenue in Portland, Maine.
Key Highlights
- Office Property
- 6,084 SqFt of space
- Built in 1982
Local 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 | $132.9k | $21.84 |
| − Vacancy | −$16.7k | −$2.75 |
| EGI | $116.1k | $19.09 |
| − OpEx | −$29.0k | −$4.77 |
| NOI | $87.1k | $14.32 |
6,084 SF · lease $21.84/SF/yr · vacancy 12.60% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.24M
$1.09M – $1.45M
NOI $87,099 @ 7.0% cap · market cap 7.26%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.67M
$1.46M – $1.95M
NOI $117,053 @ 7.0% cap · market cap 9.75%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
State of Languages
Translation Service
Romanow Law Group
Law Firm
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FAQs
What type of property is this?
Office building - 6,084 SqFt office building available in Portland, Maine.
Where is this office building located?
The property is located at 1087 Forest Avenue Portland, ME.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Office Property; 6,084 SqFt of space; Built in 1982
