Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    91 Industrial Way Portland, ME 04103
    Back to Search
    Property profile & analytics

    91 Industrial Way, Portland, ME 04103

    View on Map
    • Warehouses
    • 17,600 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 91 Industrial Way

    Property type
    Warehouses
    Property subtype
    Industrial properties

    Description

    This exceptional 17,600 square foot industrial property in Portland, Maine, offers a unique leasing opportunity. Situated on a 3.24-acre lot, this single-story building boasts 20-foot clear ceiling heights, providing ample space for various industrial uses. The property is zoned IM and is conveniently located near Riverside Street, offering excellent visibility and accessibility. The space is divisible, with a minimum leasable area of 4,000 square feet and a maximum contiguous space of 17,600 square feet, catering to diverse business needs. The building features four loading docks and four drive-in doors, ensuring efficient loading and unloading operations. Power is provided by a single-phase, 800 Amp service with 200 Amp panels. While elevators are not available, the single-story design promotes ease of access and workflow. Construction is new, with a projected delivery date approximately 10 months after lease execution. This property presents a rare opportunity to secure modern, functional industrial space in a prime Portland location. The flexible layout and convenient features make it ideal for a range of manufacturing, flex, and warehouse operations. Inquire for lease rate details.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Cumberland
    State
    Maine
    Longitude
    -70.3161
    Latitude
    43.7024

    Comparable in this City

    • Value Estimation by Request
      6,000 SF

      10 Manuel Dr

      Flex space
      10 Manuel Dr, Portland, ME 04103
      View Details
    • Value Estimation
      $615,000
      13,440 SF

      81 Warren Ave

      WAREHOUSE, STORAGE
      81 Warren Ave, Portland, ME 04103
      View Details
    • Value Estimation
      $1,275,000
      45,270 SF

      400 Warren Ave

      WAREHOUSE, STORAGE
      400 Warren Ave, Portland, ME 04103-1109
      View Details
    • Value Estimation
      $1,490,000
      52,717 SF

      405 Riverside St

      WAREHOUSE, STORAGE
      405 Riverside St, Portland, ME 04103
      View Details
    • Value Estimation
      $1,745,000
      11,253 SF

      31 Waldron Way

      WAREHOUSE, STORAGE
      31 Waldron Way, Portland, ME 04103-5944
      View Details
    • Value Estimation
      $5,535,000
      38,111 SF

      429 Warren Ave

      WAREHOUSE, STORAGE
      429 Warren Ave, Portland, ME 04103-1294
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      24,962 SF

      Warehouse/Distribution Building Near I-295

      24,962 SF warehouse/distribution building on 1.61 acres near I-295.
      340 Presumpscot St, Portland, ME 04103
      View Details
    • Contact for pricing
      2,764 SF

      Portland Flex Space For Sale

      Flex space available for sale in Portland, Maine.
      429 Deering Ave, Portland, ME 04103
      View Details
    • Contact for pricing
      4,610 SF

      Portland Warehouse with Office Space

      4,610 SF building with office and warehouse space for sale.
      892 Riverside St, Portland, ME 04103
      View Details
    • Contact for pricing
      16,546 SF

      Industrial Building Near Major Routes

      16,546 SF building on 1 acre near I-95.
      275 Read St, Portland, ME 04103
      View Details
    • $1,149,000
      1,038 SF

      Portland Commercial Property with Garage

      Industrial-zoned property with development potential and a detached commercial garage.
      1041 Ocean Ave, Portland, ME 04103
      View Details
    • $625,000
      2,910 SF

      Portland Retail Opportunity For Sale

      Retail property in Portland, Maine, available for purchase.
      1435 Forest Ave, Portland, ME 04103
      View Details

    Similar Nearby for Lease

    • $17 SF/Yr
      10,609 SF

      Portland Industrial/Office Gem

      10,609 SF, 2-Story Flex Space
      160 Presumpscot St, Portland, ME 04103
      View Details
    • Contact for pricing
      70,338 SF

      Portland Manufacturing/Warehouse Facility For Lease

      69,860± SF manufacturing/warehouse facility with rail siding and ample parking.
      40 Quarry Rd, Portland, ME 04103
      View Details
    • Contact for pricing
      8,000 SF

      Industrial/Warehouse Space For Lease

      Industrial/warehouse space for lease featuring drive-in doors and parking.
      413-419 Presumpscot St, Portland, ME 04103
      View Details
    • Contact for pricing

      Portland Flex Unit For Lease

      3,000 SF flex unit in Portland industrial park.
      220 Industrial Way, Portland, ME 04103
      View Details
    • Contact for pricing
      56,611 SF

      Warehouse and Office Space Available

      27,500 SF warehouse and 4,400 SF office space for lease.
      250 Read St, Portland, ME 04103
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    91 Industrial Way
    Portland, ME 04103
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    91 Industrial Way, Portland, ME, 04103
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!