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    1037 Forest Ave Portland, ME 04103

    Sponsored
    For Lease
    $12 SF/Yr

    Prime Portland Office: 5,000-10,000 SF Available

    Lot size:
    44,919 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional office property, located at 1037 Forest Avenue in Portland, Maine, offers a versatile workspace ideal for businesses seeking a prominent location. The single building encompasses 44,919 square feet, situated on a generous 5.37 acres of land. Currently, 10,000 square feet of contiguous office space is immediately available for lease, divisible into units as small as 5,000 square feet, catering to a range of business needs. The property is zoned B2b - Business Community, ensuring flexibility for various commercial uses. Its convenient location is less than three miles from downtown Portland, providing easy access to the city's amenities and vibrant business district. The property features a traditional office layout, but is also suitable for creative or executive office spaces, offering adaptability to suit diverse business styles. Multiple tenancy options are available, making it suitable for both single and multi-tenant occupancy. The property's address is 142-C-1, 147-A-1 (APN) in Cumberland County, Maine, zip code 04103. This presents a rare opportunity to secure high-quality office space in a desirable Portland location. The building's size and layout offer significant potential for growth and expansion. Inquire today to learn more about this exceptional leasing opportunity.

    Property Features for 1037 Forest Ave

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    44,919 SF
    Total Rate
    44919

    Building Details

    Buildings
    1

    Unit(s) available at that property

    Space
    1037 Forest Avenue, Portland
    Size
    10,000 SF
    Rate per SF
    $12

    HighLights

    • Pylon signage available on Forest Avenue.
    • Ample on‑site parking.
    • 10,000 SF of contiguous office space immediately available, divisible to 5,000 SF.
    • Estimated NNN expenses: $3.40/SF.
    Property Profile Location Intelligence

    Current Use by Public Records

    Portland Fencing Center Fencing School Pets On Point Pet Supply Store BBI Solutions - Maine Biotechnology Company Granite Bay Care Assisted Living Facility Medina Market Convenience Store

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Cumberland
    State
    Maine
    Longitude
    -70.290773899165
    Latitude
    43.683056047535

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    FAQs

    What type of property is this?
    Office space - Prime Portland Office: 5,000-10,000 SF Available
    Where is this office space located?
    The property is located at 1037 Forest Ave Portland, ME.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: Pylon signage available on Forest Avenue.; Ample on-site parking.; 10,000 SF of contiguous office space immediately available, divisible to 5,000 SF.
    Request Owner's contact information
    1037 Forest Ave Portland, ME 04103
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1037 Forest Ave Portland, ME 04103
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