Mixed-Use Building in Old
85 India St Portland, ME 04101
85 India St, Portland, ME, 04101
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For Sale
Contact for pricing
Mixed-use building in a rapidly appreciating Portland neighborhood.
Property Size4,830 SF
Price / SF$253.62
Days on Market627
Property Features for 85 India St
General Information
- Standard status
- Active
- Size
- 4,830 SF
- Property subtype
- Retail, Office
Building Details
- Year Built
- 1903
Listing Agency
The Boulos Company Portland
(207) 772-1333
Listed by
Roy Donnelly · License #ME BA927223
Source
Crexi
Added: Oct 29, 2024 Checked: Jul 17 at 5:38 am
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 Portland
Investment Insights
Based on property information with market context.
This mixed-use building is located in the Old Port neighborhood of Portland, Maine. The property offers 4,830 square feet of space. Situated in one of Portland's fastest-appreciating neighborhoods, this building presents a commercial real estate opportunity.
Key Highlights
- Mixed‑use building in a prime Old Port location.
- Located in Portland's fastest‑appreciating neighborhood.
- Built in 1903, this is an excellent investment property.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $105.5k | $21.84 |
| − Vacancy | −$13.3k | −$2.75 |
| EGI | $92.2k | $19.09 |
| − OpEx | −$23.0k | −$4.77 |
| NOI | $69.1k | $14.32 |
4,830 SF · lease $21.84/SF/yr · vacancy 12.60% · expense 25.00%
Alternative Uses
Best Use
Office B
$987.8K
$864.3K – $1.15M
NOI $69,147 @ 7.0% cap · market cap 5.64%
Second Best
Mixed Use
$857.0K
$749.9K – $999.8K
NOI $59,989 @ 7.0% cap · market cap 4.90%
Theoretical Best
Office A
$1.33M
$1.16M – $1.55M
NOI $92,927 @ 7.0% cap · market cap 7.59%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Brass & Briar Studios
Tattoo & Piercing Shop
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Mixed-use building in a rapidly appreciating Portland neighborhood.
Where is this mixed-use property located?
The property is located at 85 India St Portland, ME.
What is the asking price?
The asking price for this property is $1,225,000.
What are key features of this property?
This property features: Mixed‑use building in a prime Old Port location.; Located in Portland's fastest‑appreciating neighborhood.; Built in 1903, this is an excellent investment property.
