3-Building Mixed-Use
557 Riverside Street, Portland, ME 04103
For Sale
Contact for pricing
Three distinct structures provide office, garage, and drive-in building space on one site.
Property Size11,688 SF
Lot Size1.82 Acres
Price / SF$139.89
Days on Market44
Property Features for 557 Riverside Street
General Information
Standard status
Size
Lot size
Property subtype
Warehouse & Industrial
Office Build-Out
Drive-In Doors
Additional Details
Road Access
Property Use
Building Details
Year Renovated
Buildings
Listing Agency:
The Dunham Group
Listed By:
Greg Hastings · License ME #209023
Source:
Crexi
Added: Sep 28
Changed: Nov 8
Last Checked: Nov 8 at 3:19PM
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 The Dunham Group
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Investment Insights
Based on property information with market context.
The Portland property comprises three buildings on a 1.82±-acre site. A two-story office building contains 2,688± SF, alongside a 1,800± SF concrete block garage renovated in 2020. The third structure is a 7,200± SF steel-frame metal building equipped with five drive-in overhead doors.
Located at 557 Riverside Street, the property is available immediately. The buildings may be leased individually.
Located at 557 Riverside Street, the property is available immediately. The buildings may be leased individually.
Key Highlights
- Three buildings on a 1.82±-acre site
- 2,688± SF, two‑story office building
- 1,800± SF concrete block garage renovated in 2020
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$145,165
Cap Rate
8.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,903,300
$2.9M
Cap Rate 7%
$2,073,786
$2.1M
Cap Rate 9%
$1,612,944
$1.6M
Market Conditions
NOI Build-Up for 11,688 SF
Gross rent
$252.5K $21.60/SF
− Vacancy
−$20.2K −$1.73/SF
EGI
$232.3K $19.87/SF
− OpEx
−$87.1K −$7.45/SF
NOI
$145.2K $12.42/SF
Area
Cumberland County, ME
Vacancy
8.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,903,300
Cap Rate 7%
$2,073,786
Cap Rate 9%
$1,612,944
Alternative Uses
Best Use
Mixed Use
$2.07M
$1.81M – $2.42M
NOI $145,165 @ 7.0% cap · market cap 8.88%
Second Best
Industrial
$1.07M
$934.9K – $1.25M
NOI $74,793 @ 7.0% cap · market cap 4.57%
Theoretical Best
Office A
$3.21M
$2.81M – $3.75M
NOI $224,872 @ 7.0% cap · market cap 13.75%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
5
Drive-in doors
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
320
Businesses Nearby
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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 Mixed-use properties in Portland, ME
Properties on Market for Mixed-use properties in Portland
Vacancy Rate% for Industrial in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Three distinct structures provide office, garage, and drive-in building space on one site.
Where is this mixed-use property located?
The property is located at 557 Riverside Street Portland, ME.
What is the asking price?
The asking price for this property is $1,635,000.
What are key features of this property?
This property features: Three buildings on a 1.82±-acre site; 2,688± SF, two‑story office building; 1,800± SF concrete block garage renovated in 2020
