Mixed-Use Investment Property For
For Sale
$1,650,000
200 Brackett Street & 54 Pine Street, Portland, ME 04102
Six-unit investment property with commercial and residential spaces.
Property Size8,172 SF
Price / SF$201.91
Days on Market194
Property Features for 200 Brackett Street & 54 Pine Street
General Information
Standard status
Active
Size
8,172 SF
Property subtype
Retail
Building Details
Building Size
8,172 SF
Year Built
1910
Listing Agency:
The Boulos Company
Listed By:
Nate Stevens, SIOR
(207) 272-2385
Source:
Boulos
Added: Mar 27
Changed: Sep 8
Last Checked: Oct 5 at 3:48PM
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 Boulos Company
Investment Insights
Based on property information with market context.
This investment property features a mix of commercial and residential spaces, comprising one restaurant unit and five residential units. The property is currently 100% occupied. An eight-space parking lot is included. The commercial unit has been recently renovated. The property has recently undergone several capital improvement projects. This six-unit investment property offers a value-add opportunity.
Key Highlights
- Six unit investment property with a mix of commercial (restaurant) and residential units.
- 100% occupied, providing immediate income.
- Includes an eight (8) space parking lot.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$101,496
Cap Rate
6.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,029,920
$2.0M
Cap Rate 7%
$1,449,943
$1.4M
Cap Rate 9%
$1,127,733
$1.1M
Market Conditions
NOI Build-Up for 8,172 SF
Gross rent
$176.5K $21.60/SF
− Vacancy
−$14.1K −$1.73/SF
EGI
$162.4K $19.87/SF
− OpEx
−$60.9K −$7.45/SF
NOI
$101.5K $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 Rate 5%
$2,029,920
Cap Rate 7%
$1,449,943
Cap Rate 9%
$1,127,733
Alternative Uses
Best Use
Mixed Use
$1.45M
$1.27M – $1.69M
NOI $101,496 @ 7.0% cap · market cap 6.15%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.25M
$1.97M – $2.62M
NOI $157,226 @ 7.0% cap · market cap 9.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
603
Businesses Nearby
Explore this area
Business Placement
Demographics for 04102, ME
18,002
Population
8,633
Households
2.1
Avg Household Size
38
Median Age
62%
College-Educated
96%
High-School Grad
6.0 sq mi
ZIP Area
3,000
Density / Sq Mi
$79,631
Median Household Income
$47,898
Median Earnings
$1,435
Median Rent
$464,100
Median Home Value
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Six-unit investment property with commercial and residential spaces.
Where is this mixed-use property located?
The property is located at 200 Brackett Street & 54 Pine Street Portland, ME.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: Six unit investment property with a mix of commercial (restaurant) and residential units.; 100% occupied, providing immediate income.; Includes an eight (8) space parking lot.
