Office and Garage
966 Riverside Street Portland, ME 04103
966 Riverside Street, Portland, ME, 04103
Contact for pricing
For Sale
Contact for pricing
Office and garage building totaling 4,272± SF with ample on-site parking on a 0.6494± acre lot.
Property Size4,272 SF
Lot Size0.65 Acres
Price / SF$163.86
Days on Market14
Property Features for 966 Riverside Street
General Information
- Standard status
- Active
- Size
- 4,272 SF
- Lot size
- 0.65 Acres
- Property subtype
- Office
Building Details
- Year Built
- 1973
Listing agency
Malone Commercial Brokers
Listed by
Luke Malone · License #ME BA927778
Source
Crexi
Added: Jul 9 Updated: Jul 11 at 3:20AM Checked: Jul 21 at 5:13AM
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 Malone Commercial Brokers
Investment Insights
Based on property information with market context.
This for-sale office and commercial building includes 4,272± SF of office space and a 576± SF garage, set on a 0.6494± acre lot. The property is configured for both working space and on-site storage/parking support through the attached garage area, with ample parking available on site.
The building is located in a popular area on Riverside Street near a golf course, providing an accessible setting for office-oriented users.
Overall, it presents as a small office/commercial building with a dedicated garage component and substantial on-site parking for occupants and visitors.
The building is located in a popular area on Riverside Street near a golf course, providing an accessible setting for office-oriented users.
Overall, it presents as a small office/commercial building with a dedicated garage component and substantial on-site parking for occupants and visitors.
Key Highlights
- 4,272± SF office/commercial building plus 576± SF garage
- 0.6494± acre lot
- Ample on‑site parking
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 | $93.3k | $21.84 |
| − Vacancy | −$11.8k | −$2.75 |
| EGI | $81.5k | $19.09 |
| − OpEx | −$20.4k | −$4.77 |
| NOI | $61.2k | $14.32 |
4,272 SF · lease $21.84/SF/yr · vacancy 12.60% · expense 25.00%
Alternative Uses
Best Use
Office B
$873.7K
$764.5K – $1.02M
NOI $61,158 @ 7.0% cap · market cap 8.74%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.17M
$1.03M – $1.37M
NOI $82,191 @ 7.0% cap · market cap 11.74%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Sisters of Mercy
Church
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Office and garage building totaling 4,272± SF with ample on-site parking on a 0.6494± acre lot.
Where is this office building located?
The property is located at 966 Riverside Street Portland, ME.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: 4,272± SF office/commercial building plus 576± SF garage; 0.6494± acre lot; Ample on‑site parking
