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    597 Riverside St Portland, ME 04103

    • Commercial real estate
    • 4,644 SF
    • 0.97 lot acres
    For Lease
    View listing
    $15 SF/Yr
    Value Estimation
    $390,000
    Last Sale
    Apr 14, 2022
    Location Intelligence
    Property ID
    US42-0341093
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Nelson and Small / Laundry

    Property Details for 597 Riverside St

    Year built
    1900
    Lot size
    0.97 lot acres
    Property size
    4,644 SF
    Property type
    Commercial real estate
    APN
    PTLD M:312 B:B005001
    APU
    PTLDM312BB005001

    Description

    This exceptional 5,400-square-foot industrial flex space at 597 Riverside Street in Cumberland County is available for lease. The single-tenant property boasts a flexible layout ideal for a variety of businesses. The space includes a combination of office and warehouse areas, featuring a small office, bathroom, and a large bay area. The number of overhead doors varies depending on the specific unit size, ranging from one to three. This property offers convenient access to I-95, situated within a 5-minute drive. Parking is available in a common area. The property is zoned IM and sits on lot 312, block B, parcel 5001. Utilities are provided by municipal water and sewer. The building offers 1,800 to 5,400 square feet of adaptable space, making it suitable for businesses requiring a blend of office and warehouse functionality. Three drive-in doors provide easy access for loading and unloading. This prime location and versatile space present a compelling opportunity for businesses seeking efficient and well-located industrial space. The entire 5,400 square feet is currently vacant and ready for immediate occupancy.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $345,000

    • CAP approach

      CAP return
      Estimation
      6%
      $410,000
      6.5%
      $460,000
      7%
      $450,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $425,000
      Geo Method
      $520,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $510,000
      Retail
      $470,000
      Mixed-Use
      $450,000
      Hospitality
      $535,000
      Educational
      $430,000
      Residential Income
      $400,000
      Energy
      $525,000
      Income-Based Land
      $455,000
      Food Service
      $520,000

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Cumberland
    State
    Maine
    Longitude
    -70.3233
    Latitude
    43.6957
    CBSA code
    38860
    CBSA name
    PORTLAND-SOUTH PORTLAND-BIDDEFORD, ME METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $5,796
    $259,800
    $142,400
    $402,200
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
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    • Value Estimation by Request
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      742 Riverside St

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      385 Warren Ave

      COMMERCIAL (GENERAL) • 1.88 Acres
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    • Value Estimation by Request
      0.25 Acres

      789 Washington Ave

      COMMERCIAL (GENERAL) • 0.25 Acres
      789 Washington Ave, Portland, ME 04103
      View Details

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      Riverside Street Industrial Flex Space

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    597 Riverside St
    Portland, ME 04103
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    Realmo Value Estimation

    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.

    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.

    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
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