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    Portland Office Condo For Sale Title is generated by Realmo AI

    527 Ocean Ave, Portland, ME

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    2,786± SF office condo with ample parking.

    Type:OFFICE
    Property size:
    2,786 SF
    Lot size:
    1.00 Acres
    Price / SF:
    $211/SF
    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

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    Peter A. Harrington
    Peter A. Harrington

    Listing office Malone Commercial Brokers

    Listing date Nov 24, 2025

    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 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

    This property features a 2,786± SF office condo. The layout includes a large reception area, conference rooms, a kitchenette, workspace, and 8 to 10 offices. Ample on-site parking is available.

    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
    2,786 SF · lease $21.84/SF/yr · vacancy 12.60% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $569.8K
    $498.6K – $664.8K (±1% cap)
    NOI $39,885 @ 7.0% cap · market cap 6.76%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $765.7K
    $670.0K – $893.4K (±1% cap)
    NOI $53,601 @ 7.0% cap · market cap 9.08%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Roach Ruprecht Sanchez ... Law Firm Robidas Law, LLC Law Firm Atlantic Air Charter Freight Service Stacy Brenner, CNM Midwife Jennifer Gilbert, CNM Midwife

    Suggested Use

    Restaurant Law Firm Hair Salon Accounting Firm Nail Salon Barber Shop Computer & Electronic Repair Garden Center (Bike/Boat/Book/etc) Store Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Cumberland
    State
    Maine
    Longitude
    -70.269
    Latitude
    43.6851

    FAQs

    What type of property is this?
    Office units - 2,786± SF office condo with ample parking.
    Where is this office units located?
    The property is located at 527 Ocean Ave Portland, ME.
    What is the asking price?
    The asking price for this property is $590,000.
    What are key features of this property?
    This property features: Great layout with large reception area, conference rooms, kitchenette, work space and 8‑10 offices; 2,786± SF office condo; Ample on‑site parking
    (207) 318-8888 Call to check price and availability
    More about this property
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