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    175 Lancaster St Portland, ME 04101

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    For Lease
    $17 SF/Yr ($1,544 /Mo)

    Office suite in Bayside with convenient access and parking.

    Property size:
    1,059 SF
    Lot size:
    0.88 Acres

    Property Features for 175 Lancaster St

    General Information

    Size
    1,059 SF
    Lot size
    0.88 Acres

    Source: Porta & Company Agent Peter Gwilym

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

    Overview

    Bayside Office Suite For Rent

    An office suite is available for rent in Bayside. The property benefits from new ownership and features fresh painting and carpeting. Its location offers convenient access to 295 and the Old Port. Parking is available at below-market rates in the Public Market Garage. Other tenants in the building include Baxter Academy, Goodwill, Opportunity Alliance, and Maine Health. The lease rate is $17.50 per square foot on a modified gross basis. The property size is 1,059 square feet.
    Location Intelligence

    Current Use by Public Records

    Graham Behavioral Services Mental Health Service THRIVE Me School Institute For Financial Literacy Non-Profit Organization Portland Courier Courier Service Action for Life Association Or Organization

    Suggested Use

    Realty agency Restaurant Dental Office Spa & Massage 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
    -70.2615676
    Latitude
    43.6607372

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    FAQs

    What type of property is this?
    Office space - Office suite in Bayside with convenient access and parking.
    Where is this office space located?
    The property is located at 175 Lancaster St Portland, ME.
    What is the lease rate?
    The lease rate is $17 SF/Yr.
    What are key features of this property?
    This property features: - Convenient bayside location with easy access to 295 and the Old Port.; - Below-market-rate parking available in the Public Market Garage.; - New ownership with fresh painting and carpeting.
    (207) 272-4262
    Request Owner's contact information
    175 Lancaster St 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
    175 Lancaster St Portland, ME 04101
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