Financial
Distress signals
Property profile

57 Exchange St Portland, ME 04101

FOR LEASE
Office buildings
Property ID
US42-0293673
32,800 SF 0.14 ac lot Built 1900
Last sale Sep 2022 · $5,825,250
Entity Owned Owner of record is a legal entity (LLC / corporation). 3-yr Hold Held for 3 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

57 Exchange Street in Portland, Maine, presents a unique opportunity to lease space in a meticulously preserved historic building. This five-story, 32,800 square foot traditional office building, constructed in 1867, offers a blend of classic charm and modern functionality. The property sits on a 0.14-acre lot and is zoned B3 & PAD Overlay. The building features a single passenger elevator, individually metered power (100 amp service), and caters to various tenancy needs, including

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$55k
Tax billed · 2023
Assessed value$3.82M
Assessed land$577k
Assessed improvement$3.24M
Effective rate1.44%

Value estimate

· Sep 2026
$6.74M
$6.07M – $7.41M
AI approach$6.53M
CAP approach$7.71M
Submarket $/SF estimate$4.65M
NOI build-up
Gross scheduled income$66k
Vacancy & credit loss−$8k
Operating expenses−$14k
NOI · 229,594.67% cap applied$43k

Realmo valuation models over county records and 4 qualifying comparable sales.

Recently sold

What actually traded nearby?
$183/SF
Submarket average, outlier-cleaned · 42 recorded sales of this use type
Observed band · Q1–Q3$129 – $255
Qualifying comparables4

Cap rate analysis

How does the asset earn?
229,594.67%
$43k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionPORTLAND

Location intelligence

Which uses thrive at this corner?
Best fit: Dry Cleaner
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Dry Cleaner9.4
Auto Parts Store9.3
Locksmith9.3

Location

57 Exchange St Portland, ME 04101
County assessor Recorded deeds · 5 transfers 4 qualifying comp sales Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 17 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
245 Commercial, Portland, ME 04101-4622 $10,000,000 Dec 2025 53,916 SF
145 Commercial, Portland, ME 04101-6099 $901,000 Sep 2024 43,504 SF
509 Frst, Portland, ME 04101-1521 $9,500,000 Aug 2024 73,750 SF
320 Cumberland, Portland, ME 04101-4928 $20,000,000 May 2024 46,892 SF
465 Congress, Portland, ME 04101-3528 $9,210,000 Mar 2024 84,180 SF
24 Preble, Portland, ME 04101-4901 $2,175,000 Feb 2022 19,800 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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