Mixed-Use Building with
For Sale
$9,000,000
79 Bramhall Street, Portland, ME 04102
Upper-floor residences include in-unit laundry and dishwashers, with elevator access and on-site parking.
Property Size50,440 SF
Price / SF$178.43
Days on Market13
Property Features for 79 Bramhall Street
General Information
Standard status
Active
Size
50,440 SF
Total Parking Spaces
62
Elevators
Yes
Property subtype
Commercial
Additional Details
Floor
Ground
Mixed-Use Components
retail, residential
Multifamily Units
36
Amenities
in-unit washers
dryers
dishwashers
storage
Building Details
Year Built
1900
Buildings
1
Listing Agency:
Vitalius Real Estate Group,LLC
Listed By:
Briton Vitalius
(207) 318-2555
Source:
Greatislandrealty
Added: Oct 16
Changed: Oct 27
Last Checked: Oct 26 at 4:17PM
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 Vitalius Real Estate Group,LLC
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Investment Insights
Based on property information with market context.
Holt Hall is a mixed-use property with 36 apartments above ground-floor commercial space. The commercial area totals 6,960 +/- sq ft, with an additional 1,250+/- sq ft of storage. Residential units include washers, dryers, and dishwashers; some apartments have received design updates. An elevator serves the building, and the property has 62 parking spaces.
The building also has two rooftop cell tower leases. Its zoning designation is B-2b. The upper-level apartments and street-level commercial component form a single property, with storage, elevator service, and on-site parking among its existing features.
The building also has two rooftop cell tower leases. Its zoning designation is B-2b. The upper-level apartments and street-level commercial component form a single property, with storage, elevator service, and on-site parking among its existing features.
Key Highlights
- 36 residential apartments
- 6,960 +/- sq ft of first‑floor commercial space plus 1,250+/- sq ft of storage
- 62 parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$626,465
Cap Rate
6.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$12,529,300
$12.5M
Cap Rate 7%
$8,949,500
$8.9M
Cap Rate 9%
$6,960,722
$7.0M
Market Conditions
NOI Build-Up for 50,440 SF
Gross rent
$1.09M $21.60/SF
− Vacancy
−$87.2K −$1.73/SF
EGI
$1.00M $19.87/SF
− OpEx
−$375.9K −$7.45/SF
NOI
$626.5K $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%
$12,529,300
Cap Rate 7%
$8,949,500
Cap Rate 9%
$6,960,722
Alternative Uses
Best Use
Apartment 5plus
$11.85M
$10.37M – $13.82M
NOI $829,264 @ 7.0% cap · market cap 9.21%
Second Best
Mixed Use
$8.95M
$7.83M – $10.44M
NOI $626,465 @ 7.0% cap · market cap 6.96%
Theoretical Best
Office A
$13.86M
$12.13M – $16.17M
NOI $970,443 @ 7.0% cap · market cap 10.78%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
36
Residential units
Location Intelligence
Trade Area within ½ mile
3,904
Businesses Nearby
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Business Placement
Demographics for 04102, ME
18,002
Population
8,633
Households
2.1
Avg Household Size
38
Median Age
62%
College-Educated
96%
High-School Grad
6.0 sq mi
ZIP Area
3,000
Density / Sq Mi
$79,631
Median Household Income
$47,898
Median Earnings
$1,435
Median Rent
$464,100
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Upper-floor residences include in-unit laundry and dishwashers, with elevator access and on-site parking.
Where is this mixed-use property located?
The property is located at 79 Bramhall Street Portland, ME.
What is the asking price?
The asking price for this property is $9,000,000.
What are key features of this property?
This property features: 36 residential apartments; 6,960 +/- sq ft of first‑floor commercial space plus 1,250+/- sq ft of storage; 62 parking spaces
