56 Northport Dr, Portland, ME
22,150 SF office building, 100% leased, excellent location.
- Added:
- Oct 29, 2025
- Days on Market:
- 228
- Last Refresh:
- May 19 at 8:31 pm
Property Features for 56 Northport Dr
General Information
- Standard status
- Active
- Size
- 22,150 SF
- Lot size
- 19.91 Acres
- Property subtype
- OFFICE
Listing agent Steve M Baumann (207) 831-4063
Listing office Compass Commercial Brokers, LLC (207) 831-4063
Listing date Oct 29, 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 Compass Commercial Brokers, LLC
HighLights
- 100% fully leased office building, providing immediate income.
- Strategically located with unparalleled access to I‑295.
- Recently renovated with new LED lighting and rubber membrane roof.
- Diverse and stable mix of tenants.
- Modern, Class A finishes throughout.
- 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 | $483.8k | $21.84 |
| − Vacancy | −$61.0k | −$2.75 |
| EGI | $422.8k | $19.09 |
| − OpEx | −$105.7k | −$4.77 |
| NOI | $317.1k | $14.32 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Portland
- County
- Cumberland
- State
- Maine
- Longitude
- -70.2866
- Latitude
- 43.6995