Updated Office Space Near
352 Warren Ave Portland, ME 04103
For Sale
Contact for pricing
Office condos with recent updates, natural light, and easy access.
Property Size2,350 SF
Lot Size0.94 Acres
Price / SF$308.51
Days on Market421
Property Features for 352 Warren Ave
General Information
Standard status
Active
Size
2,350 SF
Lot size
0.94 Acres
Property subtype
OFFICE
Listing Agency:
The Boulos Company
(603) 674-2272
Listed By:
Brice O'Connor · License #BR926097
(603) 674-2272
Source:
Moodyscre
Added: Jun 4, 2025
Changed: Jul 6
Last Checked: Jul 28 at 4:55AM
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.
Two commercial condominium units are available, offering office spaces ranging from 2,350 to 4,700 square feet. The end-cap suites are currently configured as office space, featuring recent updates and ample natural light. The existing layout includes a mix of private offices, an open work area, and conference space. The location provides high visibility and convenient access to I-95 Exit 48. Free on-site parking is available.
Key Highlights
- High visibility location with easy access to I‑95 Exit 48.
- 2,350 to 4,700± SF of office space available.
- Currently built out as beautiful office space with recent updates.
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 | $51.3k | $21.84 |
| − Vacancy | −$6.5k | −$2.75 |
| EGI | $44.9k | $19.09 |
| − OpEx | −$11.2k | −$4.77 |
| NOI | $33.6k | $14.32 |
2,350 SF · lease $21.84/SF/yr · vacancy 12.60% · expense 25.00%
Alternative Uses
Best Use
Office B
$480.6K
$420.5K – $560.7K
NOI $33,643 @ 7.0% cap · market cap 4.64%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$645.9K
$565.2K – $753.6K
NOI $45,213 @ 7.0% cap · market cap 6.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office units - Office condos with recent updates, natural light, and easy access.
Where is this office units located?
The property is located at 352 Warren Ave Portland, ME.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: High visibility location with easy access to I‑95 Exit 48.; 2,350 to 4,700± SF of office space available.; Currently built out as beautiful office space with recent updates.
