499 Stevens Avenue, Portland, ME 04103
COMMERCIAL - Portland, ME
- Added:
- Jul 9, 2026
- Days on Market:
- 1
- Last Refresh:
- Jul 9 at 5:06 pm
Property Features for 499 Stevens Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Office
- Zoning
- B-1
- Rooms
- Basement
- Parking features
- Off Street
- Basement
- Full, Unfinished
- Accessibility
- Accessible Approach with Ramp
- Standard status
- Active
- Size
- 2,545 SF
- Lot size
- 0.15 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 4937
Utilities
- Sewer type
- Public Sewer
- Heating system
- Hot Water(Heating), Natural Gas, Baseboard
- Water source
- Public
Building Details
- Year built
- 1900
- Building materials
- Wood Frame, Aluminum Siding
- Roof type
- Shingle
Listing agent Briton Vitalius (207) 541-3755
Listing office Vitalius Real Estate Group, LLC 306 Congress Street, Suite 3, Portland, ME (207) 541-3755
Listing date Jul 9, 2026
Copyright © 2026 Maine Listings. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- 2,545± SF commercial building in Deering Center with six professional office suites and five tenants in place
- Prominent corner lot with off‑street parking and on‑site green space
- Wheelchair ramp for accessible entry with accessible approach
- Year built 1900; wood frame with aluminum siding and a shingle roof
- Utilities include public water and public sewer; natural gas hot water baseboard heat
- Attic space available for expansion or storage
Overview
Located at 499 Stevens Avenue in Portland’s Deering Center, the building sits on a prominent corner lot with high visibility. The site includes on-site parking and attractive green space, supporting straightforward access for tenants, clients, and visitors.
For prospective buyers, the current suite layout can accommodate an office owner-occupant strategy or a tenant-based operating model, while the attic space adds flexibility for future use. The accessible entry and on-site parking help reduce friction for day-to-day occupancy. Zoning is listed as B-1, which should be reviewed in detail for specific future uses and any planned modifications.
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 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Portland
- County
- Cumberland
- State
- Maine
- Longitude
- -70.294585
- Latitude
- 43.6755711
