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    14 York St Portland, ME 04101

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    For Lease
    Contact for pricing

    Historic Portland Office Building, Two Suites Available

    Lot size:
    32,394 SF

    Property Features for 14 York St

    General Information

    Property type
    Office Units
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    32,394 SF
    Total Rate
    58039.25

    Building Details

    Year Built
    1902
    Buildings
    1
    Stories
    3

    Spaces For Lease

    at 14 York St, Portland, ME 04101 Contact us
    Unit Third Floor

    $21 /Mo

    Size
    5,816 SF
    Contact us
    Unit Suite 103

    $21 /Mo

    Size
    2,522 SF
    Contact us

    We can help!

    Listing Contact
    Jennifer Small
    Jennifer Small

    Listing Agency: Malone Commercial Brokers Listing Agent: Jennifer Small

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional commercial property at 14 York Street in Portland's vibrant Old Port offers two distinct office suites for lease within a beautifully preserved historic building. The building, constructed in 1902, boasts a total of 32,394 square feet across three stories and sits on a 0.44-acre lot. The property is zoned B3 and identified by APN Map 40, Block F01, Lot 1 in Cumberland County. The building features a blend of traditional and creative office spaces, perfect for a variety of businesses. Two suites are immediately available: a 2,522 square foot suite on the first floor and a larger 5,816 square foot suite on the third floor. Both spaces are bright, updated, and offer a desirable location within walking distance of Portland's East End, Arts District, and West End. The property is designated as a multi-tenant building. Parking is available in an adjacent lot at market rates, with approximately 8-10 spaces. This unique opportunity combines the charm of a historic building with the convenience of a prime location in Portland's thriving Old Port district. The property's versatile space and central location make it an ideal choice for businesses seeking a prestigious and functional office environment. Inquire today to learn more about leasing options.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    McCandless & Coburn LLC Law Firm Management Research Group Business Management Consultant Words From The Woods Marketing & Advertising McCandless Law Law Firm Thornton Tomasetti Engineering Consultant

    Suggested Use

    Real Estate Agency Dental Office Spa & Massage Center Restaurant Hair Salon Nail Salon Building Supply Daycare Center Auto Repair Shop Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Cumberland
    State
    Maine
    Longitude
    -70.257327824975
    Latitude
    43.653728136093

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    FAQs

    What type of property is this?
    Office units - Historic Portland Office Building, Two Suites Available
    Where is this office units located?
    The property is located at 14 York St Portland, ME.
    What is the lease rate?
    The lease rate is $21 SF/Yr.
    What are key features of this property?
    This property features: Two office suites totaling 8,338 square feet (approx.), 2,522 SF on the first floor and 5,816 SF on the third floor.; Located in Portland's Old Port, near the East End, Arts District, and West End.; Bright, updated first and third-floor spaces.
    (207) 772-2422 Call to check price and availability
    Request Owner's contact information
    14 York St Portland, ME 04101
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    Portland, ME 04101
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    14 York St Portland, ME 04101
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    Contact for Pricing
    Please call us for current price
    and status of this listing Jennifer Small
    Jennifer Small
    Real Estate License ID: 906232
    (207) 772-2422
    Learn more
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