New
For Sale
$679,000
26 Adelaide Street, Portland, ME 04103
Commercial Sale, Portland, ME
Property Size1,861 SF
Lot Size0.17 Acres
Price / SF$364.86
Days on Market1
Property Features for 26 Adelaide Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
B2
Rooms
Basement
Parking features
Off Street
Interior features
Storage
Basement
Unfinished
Lot features
Public Transport Access, Business District, Bus Line, Near Shopping
Standard status
Active
Size
1,861 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Year
2027
Tax Annual Amount
7267
Utilities
Sewer type
Public Sewer
Heating system
Oil, Wood, Forced Air, Electric (Heating), Heat Pump (Heating), Wood Stove
Cooling system
Heat Pump
Water source
Public
Building Details
Year built
1901
Flooring type
Wood, Tile
Building materials
Wood Frame, Clapboard, Shingle Siding, Wood Siding
Roof type
Shingle
Additional Structures
Storage
Listing Agency:
Waypoint Brokers Collective
(207) 804-2012
Listed By:
Chelsea Locke Carey
(207) 332-2785
Added: Oct 19
Last Checked: Oct 19 at 2:06PM
MLS# 1684830
Copyright © 2026 Maine Listings. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,596
Cap Rate
4.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$611,920
$611.9K
Cap Rate 7%
$437,086
$437.1K
Cap Rate 9%
$339,956
$340.0K
Market Conditions
NOI Build-Up for 1,861 SF
Gross rent
$59.2K $31.80/SF
− Vacancy
−$3.6K −$1.91/SF
EGI
$55.6K $29.89/SF
− OpEx
−$25.0K −$13.45/SF
NOI
$30.6K $16.44/SF
Area
Cumberland County, ME
Vacancy
6.00%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$611,920
Cap Rate 7%
$437,086
Cap Rate 9%
$339,956
Alternative Uses
Best Use
Apartment 5plus
$437.1K
$382.5K – $509.9K
NOI $30,596 @ 7.0% cap · market cap 4.51%
Second Best
Office B
$380.6K
$333.0K – $444.0K
NOI $26,642 @ 7.0% cap · market cap 3.92%
Theoretical Best
Office A
$511.5K
$447.6K – $596.8K
NOI $35,805 @ 7.0% cap · market cap 5.27%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
726
Businesses Nearby
Explore this area
Business Placement
Demographics for 04103, ME
31,185
Population
14,336
Households
2.2
Avg Household Size
40
Median Age
58%
College-Educated
97%
High-School Grad
10.2 sq mi
ZIP Area
3,057
Density / Sq Mi
$90,682
Median Household Income
$48,640
Median Earnings
$1,571
Median Rent
$421,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
Where is this live-work space located?
The property is located at 26 Adelaide Street Portland, ME.
What is the asking price?
The asking price for this property is $679,000.
