Financial
Distress signals
Property profile

550 Washington Ave Portland, ME 04103

OFF-MARKET
Retail space
Property ID
US42-0195251
9,045 SF 0.23 ac lot Built 1930
Last sale Aug 2023 · $980,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 3-yr Hold Held for 3 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
Saved · see the list in your Dashboard
Market Trends Soon

Property summary

AI-generated overview

The property consists of a mixed-use retail and office building constructed in 1930, situated on a 0.23-acre lot and zoned B2 (Community Business). It is configured to accommodate retail and office uses in spaces that can range up to approximately 6,000 square feet. The building has frontage on Washington Avenue, providing street visibility, and includes two loading docks, seven on-site paved parking spaces, on-site storage, and utilities including natural gas heat with central air

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?
$13k
Tax billed · 2023
Assessed value$886k
Assessed land$247k
Assessed improvement$639k
Effective rate1.44%

Value estimate

· Sep 2026
$950k
$855k – $1.05M
AI approach$1.08M
Submarket $/SF estimate$1.19M

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

Recently sold

What actually traded nearby?
$203/SF
Submarket average, outlier-cleaned · 41 recorded sales of this use type
Observed band · Q1–Q3$126 – $317
Qualifying comparables5

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: Hair Salon
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Hair Salon10.5
Plumbing Service9.0
Pawn Shop9.0

Location

550 Washington Ave Portland, ME 04103-5120
County assessor Recorded deeds · 3 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 · 17 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
156 Woodford, Portland, ME 04103-5602 $1,600,000 Jul 2025 8,947 SF
392 Warren, Portland, ME 04103-1163 $11,759,310 Nov 2023 11,400 SF
1089 Frst, Portland, ME 04103 $890,000 Sep 2023 6,084 SF
1901 Frst, Portland, ME 04103-5910 $1,025,000 May 2023 9,040 SF
456 Auburn, Portland, ME 04103-2112 $1,100,000 Nov 2022 8,252 SF
1139 Frst, Portland, ME 04103-3323 $1,150,000 Aug 2022 5,960 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 550 Washington 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