499 Stevens Ave Portland, ME 04103
A corner-lot office building with six suites, on-site parking, and a wheelchair ramp for accessible entry.
- 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 (207) 318-2555
Listing date Jul 8, 2026
Source Moodyscre
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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.
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 |