Two-Story Office
For Sale
$995,000
835 Forest Avenue, Portland, ME 04103
Portland, ME
Property Size3,360 SF
Price / SF$296.13
Days on Market90
Property Features for 835 Forest Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Standard status
Active
Size
3,360 SF
Building Details
Year built
1970
Listing Agency:
Auburn, Maine · Better Homes and Gardens Real Estate
(207) 782-8311
Listed By:
Renee Roy
(207) 212-3134
Added: Jul 14
Changed: Sep 16
Last Checked: Oct 11 at 5:06AM
MLS# 1671717
Copyright © 2026 Better Homes and Gardens-The Masiello Group. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 1970, this 3,360-square-foot, two-story office building combines wood-frame construction with brick on the front and sides and vinyl siding at the rear. The interior includes five private offices, two full bathrooms, and two half bathrooms, creating a practical configuration for professional operations. Access is available from both Forest Avenue and the rear parking area.
The property occupies a visible position on Forest Avenue in Portland, directly across from 29-acre Baxter Park, which includes walking trails. A paved parking lot accommodates 21+ vehicles, while 24-hour street parking is available on both sides of Forest Avenue. Additional site features include an underground lawn sprinkler system.
The property occupies a visible position on Forest Avenue in Portland, directly across from 29-acre Baxter Park, which includes walking trails. A paved parking lot accommodates 21+ vehicles, while 24-hour street parking is available on both sides of Forest Avenue. Additional site features include an underground lawn sprinkler system.
Key Highlights
- 3,360‑square‑foot two‑story office building built in 1970
- Five private offices with two full bathrooms and two half bathrooms
- Paved parking lot accommodates 21+ vehicles
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,102
Cap Rate
4.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$962,040
$962.0K
Cap Rate 7%
$687,171
$687.2K
Cap Rate 9%
$534,467
$534.5K
Market Conditions
NOI Build-Up for 3,360 SF
Gross rent
$73.4K $21.84/SF
− Vacancy
−$9.2K −$2.75/SF
EGI
$64.1K $19.09/SF
− OpEx
−$16.0K −$4.77/SF
NOI
$48.1K $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%
$962,040
Cap Rate 7%
$687,171
Cap Rate 9%
$534,467
Alternative Uses
Best Use
Office B
$687.2K
$601.3K – $801.7K
NOI $48,102 @ 7.0% cap · market cap 4.83%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$923.5K
$808.1K – $1.08M
NOI $64,645 @ 7.0% cap · market cap 6.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
865
Businesses Nearby
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Office building - Flexible professional layout with private offices, multiple bathrooms, and dedicated paved parking.
Where is this office building located?
The property is located at 835 Forest Avenue Portland, ME.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: 3,360‑square‑foot two‑story office building built in 1970; Five private offices with two full bathrooms and two half bathrooms; Paved parking lot accommodates 21+ vehicles
