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    Property profile & analytics

    23 Ocean Ave Portland, ME 04103-5702

    • Office Properties & Spaces
    • 2,082 SF
    OFF-MARKET
    Value Estimation
    $290,000
    Location Intelligence
    Property ID
    US42-0071590
    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

    • Sonic Pictures / Video Production Service
    • Sewall Associates Inc / General Contractor
    • Jill Siegel Holistic Body Work / Holistic Medicine Practitioner
    • Bulley Sarah J / Family Counselor / Doctor
    • Greg Perchik, LCSW, CCS / Social Worker

    Property Details for 23 Ocean Ave

    Year built
    1925
    Property size
    2,082 SF
    Property type
    Office Properties & Spaces
    APN
    PTLD M:129 B:G001006
    APU
    PTLDM129BG001006

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $285,000

    • CAP approach

      CAP return
      Estimation
      6%
      $260,000
      6.5%
      $280,000
      7%
      $290,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $250,000
      Geo Method
      $275,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $335,000
      Retail
      $295,000
      Mixed-Use
      $250,000
      Hospitality
      $325,000
      Educational
      $310,000
      Residential Income
      $340,000
      Energy
      $320,000
      Income-Based Land
      $250,000
      Food Service
      $295,000

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Cumberland
    State
    Maine
    Longitude
    -70.2839
    Latitude
    43.6726
    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
    $4,045
    $41,800
    $238,900
    $280,700
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      7,341 SF

      14 Veranda St

      Office Properties & Spaces • 7,341 SF
      14 Veranda St, Portland, ME 04103
      View Details
    • Value Estimation
      $210,000
      1,445 SF

      527 Ocean Ave, Unit 4A

      CONDOMINIUM OFFICES • 1,445 SF
      527 Ocean Ave, Portland, ME 04103-4972
      View Details
    • Value Estimation by Request
      29,848 SF

      81 Northport Dr

      CONDOMINIUM OFFICES • 29,848 SF
      81 Northport Dr, Portland, ME 04103-3668
      View Details
    • Value Estimation by Request
      44,919 SF

      1037 Forest Ave

      Office space • 44,919 SF
      1037 Forest Ave, Portland, ME 04103
      View Details
    • Value Estimation
      $4,515,000
      32,532 SF

      27 Northport Dr

      CONDOMINIUM OFFICES • 32,532 SF
      27 Northport Dr, Portland, ME 04103-3637
      View Details
    • Value Estimation by Request
      27,052 SF

      352 Warren Ave

      Office space • 27,052 SF
      352 Warren Ave, Portland, ME 04103
      View Details

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      Portland Retail/Office Space For Sale

      Retail and office spaces available in Portland, Maine.
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      Portland Office Condo For Sale

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    Similar Nearby for Lease

    • $16 SF/Yr
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      Prime Portland Office, 4,942 SF Available
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    • $17 SF/Yr
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      Portland Industrial/Office Gem

      10,609 SF, 2-Story Flex Space
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    • Contact for pricing
      15,360 SF

      Portland Mixed-Use Commercial Space

      Prime Portland location, office & warehouse space available.
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      View Details
    • $10 SF/Yr
      31,900 SF

      Warehouse and Office Space Available

      27,500 SF warehouse and 4,400 SF office space for lease.
      250 Read St, Portland, ME 04103
      View Details
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    23 Ocean Ave
    Portland, ME 04103-5702
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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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