Flex Building with Overhead
892 Riverside Street Portland, ME 04103
892 Riverside Street, Portland, ME, 04103
$695,000
For Sale
$695,000
Flex building combines private office space with clear-span warehouse space and an overhead door.
Property Size4,610 SF
Lot Size0.34 Acres
Price / SF$150.76
Days on Market237
Property Features for 892 Riverside Street
General Information
- Standard status
- Active
- Size
- 4,610 SF
- Lot size
- 0.34 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1922
Listing Agency
The Boulos Company
Listed by
Derek Miller
(603) 433-3350
Source
Greatislandrealty
Added: Nov 25, 2025 Updated: Jul 10 at 1:54 pm Checked: Jul 19 at 6:36 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
Investment Insights
Based on property information with market context.
The property is a 4,610± SF flex building on 0.34± acres with office and warehouse components. The office layout includes 5–7 private offices, a reception area, and a kitchenette. The warehouse offers clear-span space that is 80' deep and 37' wide, served by an 8' x 8' overhead door.
The site includes on-site paved parking and is positioned along Riverside Street in Portland, ME. Traffic counts are listed at 10,930± vehicles per day (AADT MaineDOT 2022), providing practical visibility for business use.
This configuration supports a tenant or owner-operator needing both working and administrative space in one location. The office portion was likely a former residence prior to the warehouse addition, and it could be converted back to create a live/work setup if desired. The paved parking and straightforward office/warehouse split make the building well-suited for small business operations that benefit from on-site storage and efficient access to the overhead door.
The site includes on-site paved parking and is positioned along Riverside Street in Portland, ME. Traffic counts are listed at 10,930± vehicles per day (AADT MaineDOT 2022), providing practical visibility for business use.
This configuration supports a tenant or owner-operator needing both working and administrative space in one location. The office portion was likely a former residence prior to the warehouse addition, and it could be converted back to create a live/work setup if desired. The paved parking and straightforward office/warehouse split make the building well-suited for small business operations that benefit from on-site storage and efficient access to the overhead door.
Key Highlights
- 4,610± SF flex building on 0.34± acres with office and warehouse space plus an overhead door
- Office layout includes 5–7 private offices, reception area, and kitchenette
- Warehouse has clear‑span space 80' deep and 37' wide with an 8' x 8' overhead door
Local Financial Insights For Mixed Use
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 | $99.6k | $21.60 |
| − Vacancy | −$8.0k | −$1.73 |
| EGI | $91.6k | $19.87 |
| − OpEx | −$34.4k | −$7.45 |
| NOI | $57.3k | $12.42 |
4,610 SF · lease $21.60/SF/yr · vacancy 8.00% · expense 37.50%
Alternative Uses
Best Use
Office B
$942.8K
$825.0K – $1.10M
NOI $65,997 @ 7.0% cap · market cap 9.50%
Second Best
Mixed Use
$817.9K
$715.7K – $954.3K
NOI $57,256 @ 7.0% cap · market cap 8.24%
Theoretical Best
Office A
$1.27M
$1.11M – $1.48M
NOI $88,694 @ 7.0% cap · market cap 12.76%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
Similar Off Market Nearby
- Fire and Company — 1706 Forest Ave, Portland, ME 04103
FAQs
What type of property is this?
Flex space - Flex building combines private office space with clear-span warehouse space and an overhead door.
Where is this flex space located?
The property is located at 892 Riverside Street Portland, ME.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: 4,610± SF flex building on 0.34± acres with office and warehouse space plus an overhead door; Office layout includes 5–7 private offices, reception area, and kitchenette; Warehouse has clear‑span space 80' deep and 37' wide with an 8' x 8' overhead door
