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Property profile

1435 Forest Ave Portland, ME 04103

FOR SALE
Other commercial real estate
Property ID
US42-0214109
4,310 SF 0.18 ac lot Built 1923
Last sale Jul 2025 · $595,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Market Trends Soon
1435 Forest Ave, Portland, ME 04103 For Sale
$550,000 4,310 SF
1435 Forest Ave, Portland, ME 04103
View Listing

Property summary

AI-generated overview

This mixed-use building at 1435 Forest Avenue in downtown Portland contains a street-level storefront, a three-bedroom apartment on the upper floor, and an additional finished area suitable for storage or a break room. The building is 2,910 square feet and was built in 1923, combining commercial and residential space within a single structure. The interior layout is arranged to support separate business operations at the street level, residential occupancy in the upper-floor apartment, and ancillary space for storage or staff use.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$7k
Tax billed · 2023
Assessed value$502k
Assessed land$178k
Assessed improvement$323k
Effective rate1.44%

Value estimate

· Nov 2026
$565k
$509k – $622k
AI approach$505k
Submarket $/SF estimate$595k
NOI build-up
Gross scheduled income$93k
Vacancy & credit loss−$6k
Operating expenses−$39k
NOI · 8.70% cap applied$48k

Realmo valuation models over county records and 5 qualifying comparable sales.

Recently sold

What actually traded nearby?
$139/SF
ZIP average, outlier-cleaned · 19 recorded sales of this use type
Observed band · Q1–Q3$89 – $174
Qualifying comparables5

Cap rate analysis

How does the asset earn?
8.70%
$48k 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: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency11.3
Clothing Store11.1
Parking Facility10.7

Location

1435 Forest Ave Portland, ME 04103
County assessor Recorded deeds · 6 transfers 5 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 · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
171 Warren, Portland, ME 04103-1103 $669,000 Sep 2023 4,408 SF
352 Warren Ave, Portland, ME 04103-1188 $340,000 Mar 2023 2,350 SF
1067 Riverside, Portland, ME 04103-1065 $1,875,000 Dec 2022 7,500 SF
55 Industrial, Portland, ME 04103-1071 $625,000 Oct 2022 4,949 SF
726 Frst, Portland, ME 04103-4156 $975,000 May 2019 5,488 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
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

Ask Rey → ChatGPT Grok Claude
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