Retail Storefront
677 Forest Avenue Portland, ME 04103
For Sale
$1,495,000
For sale retail storefront property located at 677 Forest Avenue in Portland, Maine.
Days on Market49
Property Features for 677 Forest Avenue
General Information
Standard status
Active
Property subtype
Commercial
Building Details
Year Built
1938
Listing Agency:
F.O. Bailey Real Estate
(207) 650-3455
Listed By:
David Jones · License #DB918088
(207) 650-3455
Source:
Startpoint
Added: Jun 12
Changed: Jul 27
Last Checked: Jul 29 at 12:42PM
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 F.O. Bailey Real Estate
Investment Insights
Based on property information with market context.
This for-sale retail storefront property is offered as part of a broader set of retail space listings, suitable for tenants seeking a street-level retail presence. The available information describes it as a commercial retail asset without additional unit or interior specifications.
The property is located at 677 Forest Avenue in Portland, Maine. Additional details such as square footage, configuration, and building features are not provided in the listing information.
Interested parties should confirm the property’s specific layout and any lease or improvement details directly with the listing representative.
The property is located at 677 Forest Avenue in Portland, Maine. Additional details such as square footage, configuration, and building features are not provided in the listing information.
Interested parties should confirm the property’s specific layout and any lease or improvement details directly with the listing representative.
Key Highlights
- Retail storefront property for sale at 677 Forest Avenue in Portland, Maine
- Year built: 1938
Financial Insights For Retail
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 | $88.6k | $18.00 |
| − Vacancy | −$15.1k | −$3.06 |
| EGI | $73.5k | $14.94 |
| − OpEx | −$22.1k | −$4.48 |
| NOI | $51.5k | $10.46 |
4,922 SF · lease $18.00/SF/yr · vacancy 17.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$735.3K
$643.4K – $857.9K
NOI $51,474 @ 7.0% cap · market cap 3.44%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.35M
$1.18M – $1.58M
NOI $94,697 @ 7.0% cap · market cap 6.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Similar Off Market Nearby
- Backyard Blooms — 74 Ocean Ave, Portland, ME 04103
- C.M.Skerritt Designs — 47 Ocean Ave, Portland, ME 04103
Frequently Asked Questions
What type of property is this?
Storefront property - For sale retail storefront property located at 677 Forest Avenue in Portland, Maine.
Where is this storefront property located?
The property is located at 677 Forest Avenue Portland, ME.
What is the asking price?
The asking price for this property is $1,495,000.
What are key features of this property?
This property features: Retail storefront property for sale at 677 Forest Avenue in Portland, Maine; Year built: 1938
