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Updated Office Space Near I-95

352 Warren Ave Portland, ME 04103

352 Warren Ave, Portland, ME, 04103
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Office condos with recent updates, natural light, and easy access.

Property Size2,350 SF
Lot Size0.94 Acres
Price / SF$308.51
AddedJun 4, 2025
Days on Market408
Last RefreshJul 15 at 11:01 pm

Property Features for 352 Warren Ave

General Information

Standard status
Active
Size
2,350 SF
Lot size
0.94 Acres
Property subtype
OFFICE

Listing office The Boulos Company

Listing date Jun 4, 2025

Source Moodyscre

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.

Local 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 (±1% cap)
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 (±1% cap)
NOI $45,213 @ 7.0% cap · market cap 6.24%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

MADD LLC Construction Company Travis Penny - Maine ... Loan Service Vision Mortgage Loan Service Sub Builders Inc General Contractor Mowatt's Automotive Auto Repair Shop

Suggested Use

Real Estate Agency Law Firm Restaurant Pharmacy Storage Facility HVAC Service Furniture & Home Goods Garden Center Auto Parts Store Parking Lot & Garage

Zoning and permitted uses should be independently verified with local authorities.

FAQs

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.
Contact an agent
(603) 674-2272 Call to check price and availability
More about this property
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