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Corner Multi-Suite Office Building

499 Stevens Ave Portland, ME 04103

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A corner-lot office building with six suites, on-site parking, and a wheelchair ramp for accessible entry.

Type:OFFICE
Property size:
2,545 SF
Price / SF:
$225.93/SF
Added:
Jul 8, 2026
Days on Market:
7
Last Refresh:
Jul 11 at 3:29 am

Property Features for 499 Stevens Ave

General Information

Standard status
Active
Size
2,545 SF
Property subtype
OFFICE

Listing office Vitalius Real Estate Group

Listing date Jul 8, 2026

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 Vitalius Real Estate Group


Investment Insights

Based on property information with market context.

This corner-lot commercial building is approximately 2,545± square feet and is currently configured as six professional office suites, with five tenants in place. The property includes on-site parking, an outdoor green space, and a wheelchair ramp to support accessible entry.

Located at 499 Stevens Ave in Portland’s Deering Center, the building is positioned for strong street-level exposure and visibility. The layout offers a mix of suite configurations for an owner looking to maintain existing office use.

With its established suite arrangement and in-place occupancy, the property provides immediate rental income while still allowing for adjustments to the tenant mix or suite utilization over time.

Key Highlights

  • 2,545± SF commercial building on a prominent corner lot in Deering Center
  • Currently configured as six professional office suites with five tenants in place
  • On‑site parking plus attractive green space

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 $55.6k $21.84
− Vacancy −$7.0k −$2.75
EGI $48.6k $19.09
− OpEx −$12.1k −$4.77
NOI $36.4k $14.32
2,545 SF · lease $21.84/SF/yr · vacancy 12.60% · expense 25.00%

Alternative Uses

Best Use
Office B
$520.5K
$455.4K – $607.3K (±1% cap)
NOI $36,435 @ 7.0% cap · market cap 6.34%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$699.5K
$612.1K – $816.1K (±1% cap)
NOI $48,965 @ 7.0% cap · market cap 8.52%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Location Intelligence

Current Use by Public Records

Kind Wellness Medical Clinic Tricia Albert Physician Violet Healing and Recovery Mediation Service Dr. Paul Perreault Alternative Medicine Practice Holistic Ascension Alternative Medicine Practice

Suggested Use

Building Supply Electrical Service Garden Center HVAC Service Tech Support Center Parking Lot & Garage (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Grocery & Convenience Store Pet Grooming Service

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

FAQs

What type of property is this?
Office units - A corner-lot office building with six suites, on-site parking, and a wheelchair ramp for accessible entry.
Where is this office units located?
The property is located at 499 Stevens Ave Portland, ME.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: 2,545± SF commercial building on a prominent corner lot in Deering Center; Currently configured as six professional office suites with five tenants in place; On‑site parking plus attractive green space
Contact an agent
(207) 318-2555 Call to check price and availability
More about this property
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