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    237 Commercial St Portland, ME 04101

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    For Lease
    $24 SF/Yr ($1,866 /Mo)

    Office suites in historic building, walking distance to amenities.

    Property size:
    905 SF
    Lot size:
    0.12 Acres

    Property Features for 237 Commercial St

    General Information

    Size
    905 SF
    Lot size
    0.12 Acres

    Source: Malone Commercial Brokers Agent Peter A. Harrington

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

    Overview

    Historic Old Port Office Space

    Office spaces are available in the Old Port area, with suites ranging in size from 905 to 3,283 square feet. These spaces are configured for small to mid-size office users. The historic building features exposed brick and beam construction. The location is within walking distance of restaurants, hotels, marinas, galleries, and boutique retailers.
    Location Intelligence

    Current Use by Public Records

    Nomadic Goat Hair Salon Seawall Clothing Store

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Law Firm Hair Salon Nail Salon Building Supply Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Cumberland
    State
    Maine
    Longitude
    -70.254357
    Latitude
    43.6551441

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    FAQs

    What type of property is this?
    Office space - Office suites in historic building, walking distance to amenities.
    Where is this office space located?
    The property is located at 237 Commercial St Portland, ME.
    What is the lease rate?
    The lease rate is $24 SF/Yr.
    What are key features of this property?
    This property features: - Located in the Old Port; - Walking distance to restaurants, hotels, marinas, galleries and boutique retailers; - Suites ranging in size from a 905± SF office to a 3,283± SF office suite
    (207) 318-8888
    Request Owner's contact information
    237 Commercial St Portland, ME 04101
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    Portland, ME 04101
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    Realmo Value Estimation

    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.

    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.

    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
    237 Commercial St Portland, ME 04101
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