Financial
Distress signals
Property profile

509 Frst Ave Portland, ME 04101

OFF-MARKET
Office buildings
Property ID
US42-0506369
73,750 SF 0.61 ac lot Built 1927
Last sale Sep 2022 · $9,500,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 2-yr Hold Held for 2 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
Saved · see the list in your Dashboard
Market Trends Soon

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?
$50k
Tax billed · 2023
Assessed value$3.44M
Assessed land$414k
Assessed improvement$3.03M
Effective rate1.44%

Value estimate

· Sep 2026
$9.50M
$8.55M – $10.45M
AI approach$9.50M
Submarket $/SF estimate$9.50M

Realmo valuation models over county records.

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

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

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: HVAC Service
Demand heat for this use is drawn on the map · LocInt grid
Demand index
HVAC Service11.9
Auto Parts Store9.7
Dry Cleaner9.3

Location

509 Frst Ave Portland, ME 04101-1521
County assessor Recorded deeds · 5 transfers Qualifying comp sales · not on file 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
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
57 Exchange, Portland, ME 04101-5000 $5,825,250 Sep 2022 32,800 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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 509 Frst Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
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