Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    1 Riverside St Portland, ME 04103-1045
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1 Riverside St Portland, ME 04103-1045

    View on Map
    • Hotels
    • 44,944 SF
    • 3.04 lot acres
    Off-Market
    Last Sale Feb 24, 2020
    $5,875,000
    Property ID
    US42-0259645
    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.
    Value Estimations
    $5,590,000
    Show details
    Cap Rate Potential
    3.9%
    Hotels
    Location Intelligence

    Current Use by Public Records

    • Motel 6 Portland, ME / Hotel & Motel

    Property Details for 1 Riverside St

    Year built
    1984
    Lot size
    3.04 lot acres
    Property size
    44,944 SF
    Property type
    Hotels
    APN
    PTLD M:266 B:A001001
    APU
    PTLDM266BA001001

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $5,445,000
      6.5%
      $5,025,000
      7%
      $4,665,000

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $6,630,000
      AUTO REPAIR, GARAGE
      $4,270,000
      RETAIL STORES
      $4,265,000
      COMMERCIAL (GENERAL)
      $3,735,000
      OFFICE BUILDING
      $3,735,000
      APARTMENT HOUSE (5+ UNITS)
      $3,550,000

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Cumberland
    State
    Maine
    Longitude
    -70.3279
    Latitude
    43.6775
    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
    $95,338
    $1,743,800
    $4,872,300
    $6,616,100
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,430,000
      113,493 SF

      81 Riverside St

      HOTEL • 113,493 SF
      81 Riverside St, Portland, ME 04103-1045
      View Details
    • Value Estimation
      $1,255,000
      69,740 SF

      155 Riverside St

      HOTEL • 69,740 SF
      155 Riverside St, Portland, ME 04103-1041
      View Details
    • Value Estimation by Request
      44,919 SF

      1037 Forest Ave

      Office Units • 44,919 SF
      1037 Forest Ave, Portland, ME 04103
      View Details
    • Value Estimation by Request
      0.91 Acres

      1133rd Washington Ave

      CHARITABLE ORGANIZATION • 0.91 Acres
      1133rd Washington Ave, Portland, ME 04103-3629
      View Details
    • Value Estimation by Request
      0.10 Acres

      288 Woodford St

      PARKING LOT • 0.10 Acres
      288 Woodford St, Portland, ME 04103-5655
      View Details
    • Value Estimation by Request
      15.58 Acres

      410 Riverside St

      INDUSTRIAL (GENERAL) • 15.58 Acres
      410 Riverside St, Portland, ME 04103
      View Details

    Similar Nearby for Sale

    • $625,000
      2,910 SF

      Portland Retail Opportunity For Sale

      Retail property in Portland, Maine, available for purchase.
      1435 Forest Ave, Portland, ME 04103
      View Details
    • $675,000
      2,786 SF

      Portland Office Building - Ocean Ave

      Prime Portland office space, 2,786 sq ft.
      527 Ocean Ave, Portland, ME 04103
      View Details
    • Contact for pricing
      3,700 SF

      Historic Office Space For Lease

      Historic office space available for lease in former firehouse.
      19 Arbor St, Portland, ME 04103
      View Details
    • Contact for pricing
      24,962 SF

      Warehouse/Distribution Building Near I-295

      24,962 SF warehouse/distribution building on 1.61 acres near I-295.
      340 Presumpscot St, Portland, ME 04103
      View Details
    • $849,000
      2,650 SF

      Updated Two-Family Near Woodfords Corner

      Updated two-family near shops, restaurants, and Heseltine Park.
      60-62 Ocean Ave, Portland, ME 04103
      View Details
    • $1,249,900
      5,358 SF

      Well-Maintained Triple Decker in Portland

      Spacious units, excellent condition, great yard, off-street parking.
      49 Montrose Ave, Portland, ME 04103
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Warehouse/Distribution Building Near I-295

      24,962 SF warehouse/distribution building on 1.61 acres near I-295.
      340 Presumpscot St, Portland, ME 04103
      View Details
    • Contact for pricing
      45,657 SF

      Portland Retail/Flex/Industrial Space Available

      20,725-45,567± SF retail/flex/industrial space for lease in Portland.
      75 Northport Dr, Portland, ME 04103
      View Details
    • Contact for pricing
      2,800 SF

      Industrial/Flex Space For Rent

      2,800± SF industrial/flex space with ample parking.
      655 Riverside St, Portland, ME 04103
      View Details
    • Contact for pricing
      3,000 SF

      Portland Office Space For Lease

      3,000 SF office space suitable for professional services.
      973 Forest Ave, Portland, ME 04103
      View Details
    • Contact for pricing
      14,128 SF

      Industrial Building with Air Conditioning

      14,128 SF industrial building suitable for manufacturing and warehousing.
      116 Riverside Industrial Pkwy, Portland, ME 04103
      View Details
    • $17 SF/Yr
      10,609 SF

      Portland Industrial/Office Gem

      10,609 SF, 2-Story Flex Space
      160 Presumpscot St, Portland, ME 04103
      View Details

    Property Visit Statistics

    • Visits by month
      2.1k
    • Visitors by month
      781
    • Avg Time on site
      530 min
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1 Riverside St
    Portland, ME 04103-1045
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    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
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!