Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    129 Fox St Portland, ME 04101

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $4,450,000

    Highly visible lot for redevelopment in Portland's Bayside area.

    Property size:
    6,112 SF
    Lot size:
    1.05 Acres

    Property Features for 129 Fox St

    General Information

    Size
    6,112 SF
    Lot size
    1.05 Acres

    We can help!

    Listing Contact
    Karen Rich
    Source: Moodyscre

    Listing Agent: Karen Rich

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

    Learn more

    Property Insight Report

    Overview

    Portland Redevelopment Opportunity

    This property offers a 1.03+/- acre lot suitable for redevelopment. It features a 5,160+/- square foot flex building and a 952+/- square foot office building. The location provides high visibility from I-295, with traffic counts of 23,000+/- cars per day. Situated at the gateway to downtown Portland and the developing Bayside area off of Franklin Arterial, this lot represents one of the last redevelopment opportunities with significant visibility and accessibility in Portland. The lot has been compacted with over 6 feet of gravel added. Note that the VIP transportation business is not included in this sale.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    VIP Tour & Charter ... Transportation Service

    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.

    Similar Places Nearby

    marshmallow cart, Univoice History, Soul Food Paradise, Oga Suya, Black Tie Catering & Events

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Cumberland
    State
    Maine
    Longitude
    -70.2583996
    Latitude
    43.6649319

    Nearby Similar for Sale

    • $710,000
      2,612 SF

      Portland Duplex with Attic Potential

      Investment opportunity: spacious units, attic potential, convenient location.
      605 Washington Ave, Portland, ME 04103
      View Details
    • $1,650,000
      3,842 SF

      Prime West End Investment Opportunity

      Historic Portland property with income potential and flexible zoning.
      15 Pine St, Portland, ME 04102
      View Details
    • New
      $849,000
      2,650 SF

      Updated Victorian Two-Family Home

      Sun-filled, updated two-family near Woodfords Corner with flexible layout.
      62 Ocean Ave, Portland, ME 04103
      View Details
    • $995,000
      2,678 SF

      Munjoy Hill Two-Unit Home

      Charming two-unit home in Portland's coveted Munjoy Hill.
      71 Melbourne St, Portland, ME 04101
      View Details
    • New
      $799,000
      2,592 SF

      Turnkey Historic Two-Family Property

      Updated two-family property in North Deering, close to amenities.
      1155 Washington Ave, Portland, ME 04103
      View Details
    • New
      $970,000
      2,607 SF

      Portland Peninsula Four-Unit Multifamily Building

      Four-unit building in prime Portland location with investment potential.
      34 Deering Ave, Portland, ME 04101
      View Details
    • New
      $889,000
      3,154 SF

      Victorian Duplex in Portland, Maine

      Income-producing duplex with Victorian charm in a vibrant Portland neighborhood.
      44 Hersey St, Portland, ME 04103
      View Details
    • $1,495,000
      4,732 SF

      Turnkey Munjoy Hill Investment Opportunity

      Well-maintained 5-unit building in Portland's desirable Munjoy Hill neighborhood.
      160 Washington Ave, Portland, ME 04101
      View Details
    • $639,900
      3,250 SF

      Victorian Multifamily Building Near Downtown

      Turn-of-the-century three-family building near downtown Portland, Maine.
      25 Pleasant Ave, Portland, ME 04103
      View Details
    • $1,495,500
      5,376 SF

      East End Multifamily Rehab Opportunity

      Six-unit multifamily property on Portland's desirable East End.
      21 Merrill St, Portland, ME 04101
      View Details
    • $915,000
      2,576 SF

      Charming Portland Property with Parking

      Historic property in prime location with potential parking lot development.
      379 Cumberland Ave, Portland, ME 04101
      View Details
    • New
      $419,000
      1,314 SF

      Renovated Bungalow with Large Lot

      Renovated bungalow in Stroudwater neighborhood with income potential.
      1549 Westbrook St, Portland, ME 04102
      View Details

    FAQs

    What type of property is this?
    Flex space - Highly visible lot for redevelopment in Portland's Bayside area.
    Where is this flex space located?
    The property is located at 129 Fox St Portland, ME.
    What is the asking price?
    The asking price for this property is $4,450,000.
    What are key features of this property?
    This property features: - One of the last redevelopment opportunities with visibility and accessibility in Portland; - Highly visible 1.03+\/- AC lot for redevelopment; - Great visibility from I-295 with traffic counts of 23,000+\/- cars/day
    (207) 671-8808
    Request Owner's contact information
    129 Fox St 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.
    129 Fox St
    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
    129 Fox St 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!
    Listing Contact
    Karen Rich
    (207) 671-8808
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.