Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    48 Union Wharf Portland, ME 04101

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Commercial berthing facility with deep-water access and laydown area.

    Property size:
    16,000 SF
    Lot size:
    4.20 Acres

    Property Features for 48 Union Wharf

    General Information

    Size
    16,000 SF
    Lot size
    4.20 Acres

    We can help!

    Listing Contact
    Sasha Phillips
    Sasha Phillips
    Source: Moodyscre

    Listing Agency: The Boulos Company Listing Agent: Sasha Phillips

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Deep-Water Berth with Laydown Area

    This commercial berthing facility features a 230-foot deep-water berth with a depth of 17 feet, providing immediate access to the Portland Harbor channel. Rebuilt in 2017, the property includes approximately 16,000 square feet of laydown area. The property is available for lease.
    Location Intelligence

    Current Use by Public Records

    Get Maine Lobster Specialty Food Shop CP Capital LLC Financial Advisor Maine Lobster Direct Specialty Food Shop Theory and Principle (Bike/Boat/Book/etc) Store Archetype Architects Architect

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Dental Office Law Firm Hair Salon Nail Salon Building Supply Auto Repair Shop Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Cumberland
    State
    Maine
    Longitude
    -70.2526977
    Latitude
    43.6531724

    Nearby Similar for Lease

    • Sponsored
      Contact for pricing

      ME, Portland - Congress

      Workspaces, services and support to help you work better in Frisco Square
      400 Congress St, Portland, ME 04101
      View Details
    • Contact for pricing

      ME, Portland - Hutchins Dr

      Discover many ways to work your way in San Antonio Airport
      41 1St St, Portland, ME 04102
      View Details
    • $19 SF/Yr
      3,319 SF

      Commercial Street Office Suite For Rent

      Office suite for lease in the heart of Commercial Street.
      250 Commercial St, Portland, ME 04101
      View Details
    • $19 SF/Yr
      2,100 SF

      Retail Space on Exchange Street

      Lower level retail space with exposed brick and stone.
      93 Exchange St, Portland, ME 04101
      View Details
    • $14 SF/Yr
      3,700 SF

      Historic Office Space For Lease

      Historic office space available for lease in former firehouse.
      19 Arbor St, Portland, ME 04103
      View Details
    • $13 SF/Yr
      3,200 SF

      Portland Office Space For Rent

      3,200+/- SF office space in convenient Jetport location.
      406 Yellowbird Rd, Portland, ME 04102
      View Details
    • $39 SF/Yr
      2,065 SF

      Retail Space on Middle Street

      Retail suite with storage in a prime location.
      115 Middle St, Portland, ME 04101
      View Details
    • $35 SF/Yr
      2,575 SF

      Portland Foreside Retail Opportunity

      Retail/service/restaurant spaces available in a Class A new development.
      110 Thames, Portland, ME
      View Details
    • $1,250 /Mo
      600 SF

      Old Port Office Space

      Office space in Portland's Old Port area with water views.
      111 Commercial St, Portland, ME 04101
      View Details
    • $24 SF/Yr
      905 SF

      Historic Old Port Office Space

      Office suites in historic building, walking distance to amenities.
      237 Commercial St, Portland, ME 04101
      View Details
    • $1,800 /Mo
      1,350 SF

      Turnkey Dental Suite For Lease

      Turnkey dental suite with furniture, fixtures, and equipment in place.
      94 Washington Ave, Portland, ME 04106
      View Details
    • $70 SF/Yr
      1,548 SF

      Retail Space in Old Port

      Ground-level retail space with restaurant infrastructure in Old Port.
      425 Forest, Portland, ME 04101
      View Details

    FAQs

    What type of property is this?
    Marina - Commercial berthing facility with deep-water access and laydown area.
    Where is this marina located?
    The property is located at 48 Union Wharf Portland, ME.
    What are key features of this property?
    This property features: - 230’ deep-water berth (17’ depth) with immediate access to the Portland Harbor channel.; - Commercial berthing facility with 16,000± SF of laydown area.; - Rebuilt in 2017.
    (860) 387-3408 Call to check price and availability
    Request Owner's contact information
    48 Union Wharf Portland, ME 04101
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    48 Union Wharf
    Portland, ME 04101
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    48 Union Wharf Portland, ME 04101
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Sasha Phillips
    Sasha Phillips
    (860) 387-3408 (207) 772-1333
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!