275 Read St, Portland, ME 04103
16,546 SF building on 1 acre near I-95.
- Added:
- Aug 13, 2024
- Days on Market:
- 672
- Last Refresh:
- May 12 at 8:17 pm
Property Features for 275 Read St
General Information
- Standard status
- Active
- Size
- 16,546 SF
- Lot size
- 1.00 Acre
- Property subtype
- Industrial
Building Details
- Year Built
- 1988
Listing agent Jonathan Rizzo License #BR923031
Listing office The Boulos Company Portland
Listing date Aug 13, 2024
Source Crexi
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 Portland
HighLights
- 16,546± SF building
- Prime location off Route 302
- Situated between I‑95 and I‑295
- Forest Avenue visibility
- 1± acre lot
- Built in 1988
Overview
Local Financial Insights For Warehouse
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 | $156.9k | $9.48 |
| − Vacancy | −$5.6k | −$0.34 |
| EGI | $151.3k | $9.14 |
| − OpEx | −$22.7k | −$1.37 |
| NOI | $128.6k | $7.77 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- Americold Logistics Portland — 165 Read St, Portland, ME 04103
- Morrills Corner Self Storage — 24 Morrill St, Portland, ME 04103
- Read Self Storage Facility — 254 Read St, Portland, ME 04103
Location Insight
- Map
- Local Demand
- City
- Portland
- County
- Cumberland
- State
- Maine
- Longitude
- -70.2893548
- Latitude
- 43.6844856