Freestanding Office
805 Stevens Ave, Portland, ME 04103
For Sale
New
$549,000
Private offices, shared work area, and a kitchen provide a varied interior configuration.
Property Size2,203 SF
Days on Market4
Property Features for 805 Stevens Ave
General Information
Standard status
Size
Class
Property subtype
Zoning
Additional Details
Property Use
Building Details
Building Size
Year Built
Buildings
Listing Agency:
The Boulos Company
Listed By:
Joseph Italiaander · License #BA923466
(404) 933-7844
Source:
Boulos
Added: Nov 4
Last Checked: Nov 6 at 6:54AM
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 The Boulos Company
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Investment Insights
Based on property information with market context.
This freestanding office property at 805 Stevens Ave in Portland includes private offices, open work areas, and a full kitchen. The building dates to 1844, has on-site parking, and is located in the B-2 zone.
Daily traffic was recorded at 9,649 in 2024. The property is steps from the University of New England, Starbucks, and Rosemont Bakery.
Daily traffic was recorded at 9,649 in 2024. The property is steps from the University of New England, Starbucks, and Rosemont Bakery.
Key Highlights
- Freestanding office property with on‑site parking
- Interior mix includes private offices, open work areas, and a full kitchen
- Located in Portland’s B‑2 zone
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,538
Cap Rate
5.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$630,760
$630.8K
Cap Rate 7%
$450,543
$450.5K
Cap Rate 9%
$350,422
$350.4K
Market Conditions
NOI Build-Up for 2,203 SF
Gross rent
$48.1K $21.84/SF
− Vacancy
−$6.1K −$2.75/SF
EGI
$42.1K $19.09/SF
− OpEx
−$10.5K −$4.77/SF
NOI
$31.5K $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%
$630,760
Cap Rate 7%
$450,543
Cap Rate 9%
$350,422
Alternative Uses
Best Use
Office B
$450.5K
$394.2K – $525.6K
NOI $31,538 @ 7.0% cap · market cap 5.74%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$605.5K
$529.8K – $706.4K
NOI $42,385 @ 7.0% cap · market cap 7.72%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
673
Businesses Nearby
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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
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Market
Properties on Market for Office buildings in Portland
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office building - Private offices, shared work area, and a kitchen provide a varied interior configuration.
Where is this office building located?
The property is located at 805 Stevens Ave Portland, ME.
What is the asking price?
The asking price for this property is $549,000.
What are key features of this property?
This property features: Freestanding office property with on‑site parking; Interior mix includes private offices, open work areas, and a full kitchen; Located in Portland’s B‑2 zone
