429 Deering Avenue, Portland, ME 04103
Flex space available for sale in Portland, Maine.
- Added:
- Aug 16, 2024
- Days on Market:
- 668
- Last Refresh:
- May 19 at 10:33 pm
Property Features for 429 Deering Avenue
General Information
- Standard status
- Active
- Size
- 2,764 SF
- Lot size
- 0.13 Acres
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1916
Listing agent Francis O'Connor (207) 773-7100
Listing office The Dunham Group (207) 773-7100
Listing date Aug 16, 2024
Source Exitrealty
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 The Dunham Group
HighLights
- Flex space available, ideal for a variety of business needs.
- Commercial property for sale, presenting an excellent investment opportunity.
- Located in Portland, Maine.
- Year built: 1916.
Overview
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 | $60.4k | $21.84 |
| − Vacancy | −$7.6k | −$2.75 |
| EGI | $52.8k | $19.09 |
| − OpEx | −$13.2k | −$4.77 |
| NOI | $39.6k | $14.32 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- Bird & Co. — 539 Deering Ave, Portland, ME 04103
- Catering By Evalin — 26 deerfield rd, portland, me 04101
- Totally Awesome Vegan Food Truck — check our Instagram for schedule and location!, Portland, ME 04102
Location Insight
- Map
- Local Demand
- City
- Portland
- County
- Cumberland
- State
- Maine
- Longitude
- -70.2835
- Latitude
- 43.6668