Multi-Tenant Mixed-Use
For Sale
$1,595,000
106 High St, Portland, ME 04101
Multi-tenant mixed-use property including bar and restaurant uses, offered for sale in an Opportunity Zone.
Property Size8,388 SF
Days on Market75
Property Features for 106 High St
General Information
Standard status
Active
Size
8,388 SF
Property subtype
Mixed-Use
Additional Details
Opportunity Zone
Yes
Building Details
Building Size
8,388 SF
Year Built
1900
Tenancy
Multi
Listing Agency:
(207) 939-4147
Listed By:
Chris Paszyc, CCIM, SIOR
(207) 939-4147
Source:
Boulos
Added: Jun 2
Changed: Aug 8
Last Checked: Aug 15 at 4:44AM
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 Chris Paszyc, CCIM, SIOR
Investment Insights
Based on property information with market context.
This multi-tenant mixed-use property at 106 High St, Portland, ME 04101 is offered for sale and can accommodate either an investment approach or an owner-user setup. The asset includes spaces categorized for bar and restaurant use.
The property is noted as being located within an Opportunity Zone, which may be relevant for buyers evaluating the structure of their investment strategy.
For serious inquiries, request additional details on the specific units and configurations available within the mixed-use building.
The property is noted as being located within an Opportunity Zone, which may be relevant for buyers evaluating the structure of their investment strategy.
For serious inquiries, request additional details on the specific units and configurations available within the mixed-use building.
Key Highlights
- Multi‑tenant mixed‑use property with bar and restaurant uses
- Built in 1900
- Offered for sale in an Opportunity Zone
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$104,179
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.53%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,083,580
$2.1M
Cap Rate 7%
$1,488,271
$1.5M
Cap Rate 9%
$1,157,544
$1.2M
Market Conditions
NOI Build-Up for 8,388 SF
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.
Gross rent
$181.2K $21.60/SF
− Vacancy
−$14.5K −$1.73/SF
EGI
$166.7K $19.87/SF
− OpEx
−$62.5K −$7.45/SF
NOI
$104.2K $12.42/SF
Area
Cumberland County, ME
Vacancy
8.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,083,580
Cap Rate 7%
$1,488,271
Cap Rate 9%
$1,157,544
Alternative Uses
Best Use
Mixed Use
$1.49M
$1.30M – $1.74M
NOI $104,179 @ 7.0% cap · market cap 6.53%
Second Best
Specialty Retail
$1.34M
$1.17M – $1.57M
NOI $93,988 @ 7.0% cap · market cap 5.89%
Theoretical Best
Office A
$2.31M
$2.02M – $2.69M
NOI $161,381 @ 7.0% cap · market cap 10.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
5,493
Businesses Nearby
55k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 66%
Apparel 19%
Hotels & Casinos 10%
Home Improvements & Furnishings 3%
Circle K
Shops & Services
12,170 visits/mo
0.2 miles
Reny's
Apparel
10,314 visits/mo
0.2 miles
7-Eleven
Shops & Services
10,061 visits/mo
0.3 miles
Citgo
Shops & Services
7,596 visits/mo
0.4 miles
Courtyard by Marriott Portland Downtown/Waterfront
Hotels & Casinos
5,673 visits/mo
0.3 miles
Demographics for 04101, ME
18,109
Population
11,510
Households
1.6
Avg Household Size
36
Median Age
57%
College-Educated
93%
High-School Grad
2.0 sq mi
ZIP Area
9,055
Density / Sq Mi
$60,726
Median Household Income
$45,009
Median Earnings
$1,457
Median Rent
$600,600
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Multi-tenant mixed-use property including bar and restaurant uses, offered for sale in an Opportunity Zone.
Where is this mixed-use property located?
The property is located at 106 High St Portland, ME.
What is the asking price?
The asking price for this property is $1,595,000.
What are key features of this property?
This property features: Multi‑tenant mixed‑use property with bar and restaurant uses; Built in 1900; Offered for sale in an Opportunity Zone
