527 Ocean Ave, Portland, ME
2,786± SF office condo with ample parking.
- Added:
- Nov 24, 2025
- Days on Market:
- 225
- Last Refresh:
- May 20 at 8:21 pm
Property Features for 527 Ocean Ave
General Information
- Standard status
- Active
- Size
- 2,786 SF
- Lot size
- 1.00 Acres
- Property subtype
- OFFICE
Listing office Malone Commercial Brokers (207) 318-8888
Listing date Nov 24, 2025
Source Moodyscre
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All listing content including descriptions, pricing, images are the copyrighted material of Malone Commercial Brokers
HighLights
- Great layout with large reception area, conference rooms, kitchenette, work space and 8‑10 offices
- 2,786± SF office condo
- Ample on‑site parking
Overview
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 | $60.8k | $21.84 |
| − Vacancy | −$7.7k | −$2.75 |
| EGI | $53.2k | $19.09 |
| − OpEx | −$13.3k | −$4.77 |
| NOI | $39.9k | $14.32 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Portland
- County
- Cumberland
- State
- Maine
- Longitude
- -70.269
- Latitude
- 43.6851