Financial
Distress signals
Property profile

1435 Forest Ave Portland, ME 04103

FOR SALE
Other commercial real estate
Property ID
US42-0214109
4,310 SF 0.18 ac lot Built 1923
Last sale Jun 2024 · $625,000
Individually Owned Owner of record is an individual. 2-yr Hold Held for 2 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This mixed-use building is located in downtown Portland and includes a ground-floor storefront with a three-bedroom apartment above. A separate finished additional space is present for use as storage or a break room. The property sits on a lot of approximately 0.17 acres and has an overall building area of about 2,910 square feet.

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included 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?
$7k
Tax billed · 2023
Assessed value$502k
Assessed land$178k
Assessed improvement$323k
Effective rate1.44%

Value estimate

· Sep 2026
$565k
$509k – $622k
AI approach$505k
Sales comparison$595k
NOI build-up
Gross scheduled income$63k
Vacancy & credit loss−$5k
Operating expenses−$22k
NOI · 7.16% cap applied$36k

Realmo valuation models over county records and 10 qualifying comparable sales.

Recently sold

What actually traded nearby?
$139/SF
ZIP average, outlier-cleaned · 19 recorded sales of this use type
Observed band · Q1–Q3$89 – $174
Qualifying comparables10

Cap rate analysis

How does the asset earn?
7.16%
$36k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

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: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency11.3
Clothing Store11.1
Parking Facility10.7

Location

1435 Forest Ave Portland, ME 04103
County assessor Recorded deeds · 4 transfers 10 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 · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
171 Warren, Portland, ME 04103-1103 $669,000 Sep 2023 4,408 SF
352 Warren Ave, Portland, ME 04103-1188 $340,000 Mar 2023 2,350 SF
1067 Riverside, Portland, ME 04103-1065 $1,875,000 Dec 2022 7,500 SF
55 Industrial, Portland, ME 04103-1071 $625,000 Oct 2022 4,949 SF
726 Frst, Portland, ME 04103-4156 $975,000 May 2019 5,488 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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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