Renovated Flex Space with Drive-In
For Sale
Contact for pricing
73 Rainmaker Drive, Portland, ME 04103
Commercially zoned space includes office and conference areas with heating and air conditioning.
Property Size2,200 SF
Price / SF$238.64
Days on Market52
Property Features for 73 Rainmaker Drive
General Information
Standard status
Active
Size
2,200 SF
Total Parking Spaces
3
Property subtype
Office, Industrial
Zoning
Commercial
Lease Type
NNN
Additional Details
Drive-In Doors
1
Amenities
conference room
Building Details
Tenancy
Single
Listing Agency:
Porta & Co
Listed By:
Charles W. Day · License #ME BR 913583
(207) 838-3335
Source:
Crexi
Added: Aug 28
Changed: Oct 3
Last Checked: Oct 16 at 7:14AM
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 Porta & Co
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,200± SF flex property combines industrial functionality with finished workspace in a recently renovated setting. The layout includes an office area and conference room, supported by both heat and air conditioning. A grade-level drive-in door provides direct building access for commercial operations.
The property is located at 73 Rainmaker Drive in Portland, Maine, minutes from I-95. Commercial zoning supports its established flex-space positioning and offers a practical setting for businesses requiring a blend of office and industrial features.
The property is located at 73 Rainmaker Drive in Portland, Maine, minutes from I-95. Commercial zoning supports its established flex-space positioning and offers a practical setting for businesses requiring a blend of office and industrial features.
Key Highlights
- 2,200± SF of industrial/flex space
- Grade‑level drive‑in door
- Recently renovated interior
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,095
Cap Rate
3.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$341,900
$341.9K
Cap Rate 7%
$244,214
$244.2K
Cap Rate 9%
$189,944
$189.9K
Market Conditions
NOI Build-Up for 2,200 SF
Gross rent
$20.9K $9.48/SF
− Vacancy
−$745 −$0.34/SF
EGI
$20.1K $9.14/SF
− OpEx
−$3.0K −$1.37/SF
NOI
$17.1K $7.77/SF
Area
Cumberland County, ME
Vacancy
3.57%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$341,900
Cap Rate 7%
$244,214
Cap Rate 9%
$189,944
Alternative Uses
Best Use
Warehouse
$244.2K
$213.7K – $284.9K
NOI $17,095 @ 7.0% cap · market cap 3.26%
Second Best
Industrial
$201.1K
$176.0K – $234.6K
NOI $14,078 @ 7.0% cap · market cap 2.68%
Theoretical Best
Office A
$604.7K
$529.1K – $705.5K
NOI $42,327 @ 7.0% cap · market cap 8.06%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
1
Drive-in doors
Location Intelligence
Trade Area within ½ mile
344
Businesses Nearby
Under-served
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
Market
Vacancy Rate% for Industrial in Northeast region
Similar Off Market Nearby
- Fire and Company — 1706 Forest Ave, Portland, ME 04103
Frequently Asked Questions
What type of property is this?
Flex space - Commercially zoned space includes office and conference areas with heating and air conditioning.
Where is this flex space located?
The property is located at 73 Rainmaker Drive Portland, ME.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: 2,200± SF of industrial/flex space; Grade‑level drive‑in door; Recently renovated interior
