Flex Space with
55 Warren Avenue, Portland, ME 04103
For Sale
$2,750,000
Showroom and warehouse areas offer a flexible setting for retail, distribution, or light manufacturing.
Property Size19,000 SF
Price / SF$144.74
Days on Market495
Property Features for 55 Warren Avenue
General Information
Standard status
Size
Property subtype
Zoning
Additional Details
Highway Access
Drive-In Doors
Property Use
Taxes and HOA fees
Annual Taxes
Amenities
high ceilings
drive-in door
natural light
Building Details
Building Size
Year Built
Stories
Listing Agency:
Keller Williams Realty
(207) 879-9800
Listed By:
Marc Fishman · License ME BA901721
(207) 775-6561
Source:
Integrityhomesrealestategroup
Added: Jul 8, 2025
Changed: Nov 11
Last Checked: Nov 13 at 7:09PM
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 Keller Williams Realty
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Investment Insights
Based on property information with market context.
This 19,000± SF flex property combines showroom space with an open warehouse area. The layout can support retail, distribution, light manufacturing, or specialty uses. Building features include high ceilings, a drive-in door, natural light, and on-site parking. Constructed in 1995, the property is zoned B4.
At 55 Warren Avenue in Portland, the property offers access to I-95, Riverside Street, and downtown Portland. Its position along a high-traffic corridor supports signage exposure.
At 55 Warren Avenue in Portland, the property offers access to I-95, Riverside Street, and downtown Portland. Its position along a high-traffic corridor supports signage exposure.
Key Highlights
- 19,000± SF flex property with showroom and open warehouse areas
- B4 zoning; constructed in 1995
- High ceilings, drive‑in door, and natural light
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$198,702
Cap Rate
7.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,974,040
$4.0M
Cap Rate 7%
$2,838,600
$2.8M
Cap Rate 9%
$2,207,800
$2.2M
Market Conditions
NOI Build-Up for 19,000 SF
Gross rent
$342.0K $18.00/SF
− Vacancy
−$58.1K −$3.06/SF
EGI
$283.9K $14.94/SF
− OpEx
−$85.2K −$4.48/SF
NOI
$198.7K $10.46/SF
Area
Cumberland County, ME
Vacancy
17.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,974,040
Cap Rate 7%
$2,838,600
Cap Rate 9%
$2,207,800
Alternative Uses
Best Use
Retail
$2.84M
$2.48M – $3.31M
NOI $198,702 @ 7.0% cap · market cap 7.23%
Second Best
Warehouse
$2.11M
$1.85M – $2.46M
NOI $147,636 @ 7.0% cap · market cap 5.37%
Theoretical Best
Office A
$5.22M
$4.57M – $6.09M
NOI $365,551 @ 7.0% cap · market cap 13.29%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Current Use
Lease Details
1
Drive-in doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
633
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
$421,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Flex space in Cumberland County, ME
Properties on Market for Flex space in Cumberland County
Vacancy Rate% for Industrial in Northeast region
Similar Off Market Nearby
- Cadeau Consulting - Multicultural Chef Services — 151 Walton St, Portland, ME 04101
- Sodexo — 716 Stevens Ave, Portland, ME 04103
- Fire and Company — 1706 Forest Ave, Portland, ME 04103
Frequently Asked Questions
What type of property is this?
Flex space - Showroom and warehouse areas offer a flexible setting for retail, distribution, or light manufacturing.
Where is this flex space located?
The property is located at 55 Warren Avenue Portland, ME.
What is the asking price?
The asking price for this property is $2,750,000.
What are key features of this property?
This property features: 19,000± SF flex property with showroom and open warehouse areas; B4 zoning; constructed in 1995; High ceilings, drive‑in door, and natural light
