Three-Story Flex
5 Davis Farm Road, Portland, ME 04103
For Sale
Contact for pricing
An adaptable floor plan spans multiple levels, with additional development land nearby.
Property Size84,335 SF
Lot Size8.00 Acres
Price / SF$80.04
Days on Market37
Property Features for 5 Davis Farm Road
General Information
Standard status
Size
Lot size
Property subtype
Additional Details
Highway Access
Property Use
Building Details
Buildings
Stories
Building Size
Listing Agency:
Malone Commercial Brokers
Listed By:
Luke Malone · License ME BA927778
(207) 358-7034
Source:
Crexi
Added: Oct 5
Changed: Nov 9
Last Checked: Nov 9 at 1:59PM
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 Malone Commercial Brokers
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This flex property contains approximately 84,335 square feet arranged across three floors. Open interior plans provide flexibility in how the space is configured. The property also includes approximately 8 acres.
The site has exposure along the Maine Turnpike. An adjacent 12-acre area is identified for additional development potential.
The site has exposure along the Maine Turnpike. An adjacent 12-acre area is identified for additional development potential.
Key Highlights
- Approximately 84,335 SF across three floors
- Approximately 8 acres
- Open floor plans
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$539,668
Cap Rate
8.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$10,793,360
$10.8M
Cap Rate 7%
$7,709,543
$7.7M
Cap Rate 9%
$5,996,311
$6.0M
Market Conditions
NOI Build-Up for 84,335 SF
Gross rent
$799.5K $9.48/SF
− Vacancy
−$28.5K −$0.34/SF
EGI
$771.0K $9.14/SF
− OpEx
−$231.3K −$2.74/SF
NOI
$539.7K $6.40/SF
Area
Cumberland County, ME
Vacancy
3.57%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$10,793,360
Cap Rate 7%
$7,709,543
Cap Rate 9%
$5,996,311
Alternative Uses
Best Use
Office B
$17.25M
$15.09M – $20.12M
NOI $1,207,350 @ 7.0% cap · market cap 17.89%
Second Best
Industrial
$7.71M
$6.75M – $8.99M
NOI $539,668 @ 7.0% cap · market cap 8.00%
Theoretical Best
Office A
$23.18M
$20.28M – $27.04M
NOI $1,622,568 @ 7.0% cap · market cap 24.04%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
133
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 04103, ME
31,185
Population
14,336
Households
2.2
Avg Household Size
40
Median Age
58%
College-Educated
97%
High-School Grad
10.2 sq mi
ZIP Area
3,057
Density / Sq Mi
$90,682
Median Household Income
$48,640
Median Earnings
$1,571
Median Rent
$421,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Flex space in Cumberland County, ME
Properties on Market for Flex space in Cumberland County
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Flex space - An adaptable floor plan spans multiple levels, with additional development land nearby.
Where is this flex space located?
The property is located at 5 Davis Farm Road Portland, ME.
What is the asking price?
The asking price for this property is $6,750,000.
What are key features of this property?
This property features: Approximately 84,335 SF across three floors; Approximately 8 acres; Open floor plans
