Property profile

138 Ocean St South Portland, ME 04106

OFF-MARKET
Office buildings
Property ID
US42-0432021
3,407 SF 0.14 ac lot Built 1900
Entity Owned 3-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1900
Construction FRAME
Total area 3,407 SF
Lot 0.14 ac (6,098 SF)
APN SPOR M:014 L:186
UPID US42-0432021

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Financial Advisor

Location

138 Ocean St South Portland, ME 04106-3652
South Portland metro Census 3200 PORTLAND-SOUTH PORTLAND-BIDDEFORD, ME METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$705k
CAP Approach CAP
$800k
Comparable Approach Comparable
$455k
Blend (final) Blend
$670k

Owner & transaction history

since 2023
Last sale
$690,000
3 recorded transactions
2023
$690,000
2020
Price N/A
2007
Price N/A

Zoning & alternative use

Top alternative use upside
Commercial (general) $735,000 +17.6%
Retail stores $690,000 +10.6%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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