Two-Story Office
For Sale
$675,000
762 Main St, South Portland, ME 04106
Limited Business zoning and a mix of private offices and conference rooms support a range of office configurations.
Property Size2,736 SF
Price / SF$246.71
Days on Market9
Property Features for 762 Main St
General Information
Standard status
Active
Size
2,736 SF
Zoning
Limited Business
Site & Location
Highway Access
Yes
Road Access
Yes
Public Transit
Yes
Amenities
walk up attic for storage
fiber optic cable for high speed internet
large street sign and marquee
wheelchair accessible entry
Building Details
Year Built
1925
Buildings
1
Stories
2
Listing Agency:
Regency Realty Group
Listed By:
Matthew Chamberlain
(207) 253-1500
Source:
603luxury
Added: Sep 28
Changed: Oct 2
Last Checked: Oct 6 at 12:27AM
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 Regency Realty Group
Investment Insights
Based on property information with market context.
The two-story office building contains 2,736 square feet arranged across 11 rooms: five private offices and two conference rooms on the main level, plus four offices upstairs. Each floor has a bathroom. A walk-up attic provides storage, and the main entrance is wheelchair accessible. Two new heating systems are being installed, and fiber-optic cable is in place. Paved parking accommodates 13 or more vehicles; the site also has a large street sign and marquee.
The property has road frontage with reported traffic exceeding 21,000 cars per day. It is 1,000 feet from the entrances to I-295 and I-95, 4.5 miles from Portland Jetport, 3 miles from Amtrak, and 2 miles from the Maine Mall. The property is zoned Limited Business.
The property has road frontage with reported traffic exceeding 21,000 cars per day. It is 1,000 feet from the entrances to I-295 and I-95, 4.5 miles from Portland Jetport, 3 miles from Amtrak, and 2 miles from the Maine Mall. The property is zoned Limited Business.
Key Highlights
- 2,736 SF office building with 11 rooms across two levels
- Five offices and two conference rooms on the main level; four offices upstairs
- Paved parking for 13 plus vehicles
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,169
Cap Rate
5.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$783,380
$783.4K
Cap Rate 7%
$559,557
$559.6K
Cap Rate 9%
$435,211
$435.2K
Market Conditions
NOI Build-Up for 2,736 SF
Gross rent
$59.8K $21.84/SF
− Vacancy
−$7.5K −$2.75/SF
EGI
$52.2K $19.09/SF
− OpEx
−$13.1K −$4.77/SF
NOI
$39.2K $14.32/SF
Area
Cumberland County, ME
Vacancy
12.60%
Lease Rate
$21.84 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$783,380
Cap Rate 7%
$559,557
Cap Rate 9%
$435,211
Alternative Uses
Best Use
Office B
$559.6K
$489.6K – $652.8K
NOI $39,169 @ 7.0% cap · market cap 5.80%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$752.0K
$658.0K – $877.3K
NOI $52,639 @ 7.0% cap · market cap 7.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
397
Businesses Nearby
Explore this area
Business Placement
Demographics for 04106, ME
26,641
Population
12,849
Households
2.1
Avg Household Size
41
Median Age
49%
College-Educated
95%
High-School Grad
12.2 sq mi
ZIP Area
2,184
Density / Sq Mi
$83,744
Median Household Income
$47,818
Median Earnings
$1,642
Median Rent
$403,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Limited Business zoning and a mix of private offices and conference rooms support a range of office configurations.
Where is this office building located?
The property is located at 762 Main St South Portland, ME.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: 2,736 SF office building with 11 rooms across two levels; Five offices and two conference rooms on the main level; four offices upstairs; Paved parking for 13 plus vehicles
