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    1087 Forest Ave Portland, ME 04103

    Sponsored
    For Lease
    $16 SF/Yr ($6,589 /Mo)

    Prime Portland Office, 4,942 SF Available

    Lot size:
    4,942 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional executive office space, located at 1087 Forest Ave in Portland, Maine, offers a total of 4,942 square feet of readily available space in a single-tenant configuration. The property is zoned B2 and situated in Cumberland County, offering convenient access to local amenities and transportation networks. The building boasts ample parking, with 17-18 spaces available for tenants and their guests. The entire 4,942 square feet is currently vacant and ready for immediate occupancy, making it an ideal opportunity for a business seeking a move-in ready space. The property's classification as an "Executive Office" suggests a high-quality build-out and finishes, suitable for a professional and prestigious business operation. The address is 1087 Forest Ave, Portland, ME 04103. This location provides a strong presence in a desirable area of Portland. The property is perfect for a company seeking a substantial, single-tenant office space in a convenient and well-located setting. With its generous square footage and ample parking, this property presents a rare opportunity for a business to establish a significant and impressive office presence in Portland, Maine. The property is available for lease.

    Property Features for 1087 Forest Ave

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    4,942 SF
    Total Rate
    6589.33

    Unit(s) available at that property

    Space
    Available Space
    Size
    4,942 SF
    Rate per SF
    $16

    HighLights

    • 4,942 square feet of office space available for lease.
    • High‑visibility signage opportunity on Forest Avenue.
    • Flexible layouts featuring reception, open workspace, and private offices.
    • Conveniently located 2.3 miles from Downtown Portland.
    • Lease rate: $16.00 per square foot, modified gross.
    Property Profile Location Intelligence

    Current Use by Public Records

    State of Languages Translation Service Romanow Law Group Law Firm

    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
    -70.2912109
    Latitude
    43.6846219

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Portland Office, 4,942 SF Available
    Where is this office property / space located?
    The property is located at 1087 Forest Ave Portland, ME.
    What is the lease rate?
    The lease rate is $16 SF/Yr.
    What are key features of this property?
    This property features: 4,942 square feet of office space available for lease.; High-visibility signage opportunity on Forest Avenue.; Flexible layouts featuring reception, open workspace, and private offices.
    Request Owner's contact information
    1087 Forest Ave Portland, ME 04103
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    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
    1087 Forest Ave Portland, ME 04103
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