Financial
Distress signals
Property profile

2338 Congress St Portland, ME 04103

FOR LEASE
Office buildings
Property ID
US42-0408071
9,746 SF 1.75 ac lot Built 1987
Entity Owned Owner of record is a legal entity (LLC / corporation). 9-yr Hold Held for 9 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

A freestanding office building located on Congress Street in Portland, Maine. The building supports leasing arrangements with a rentable area range of approximately 4,800 to 9,746 square feet, with flexible space sizing to accommodate a variety of office use needs. The property is positioned for convenient regional access, with easy driving connections to Interstate 95 (I-95) and Interstate 295 (I-295).

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?
$24k
Tax billed · 2023
Assessed value$1.69M
Assessed land$315k
Assessed improvement$1.38M
Effective rate1.44%

Value estimate

· Sep 2026
$1.28M
$1.15M – $1.40M
Submarket $/SF estimate$1.72M
NOI build-up
Gross scheduled income$213k
Vacancy & credit loss−$27k
Operating expenses−$47k
NOI · 996,607.14% cap applied$140k

Realmo valuation models over county records and 3 qualifying comparable sales.

Recently sold

What actually traded nearby?
$183/SF
Submarket average, outlier-cleaned · 42 recorded sales of this use type
Observed band · Q1–Q3$129 – $255
Qualifying comparables3

Cap rate analysis

How does the asset earn?
996,607.14%
$140k 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: Plumbing Service
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Plumbing Service8.6
Furniture Store8.3
Convenience Store8.3

Location

2338 Congress St Portland, ME 04103
County assessor Recorded deeds · not on file 3 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 · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
249 Saint John, Portland, ME 04102-3109 $168,000 Apr 2025 3,941 SF
2320 Congress, Portland, ME 04102-1908 $1,850,000 Oct 2024 7,928 SF
612 Brighton, Portland, ME 04102-2359 $1,820,000 Sep 2024 7,534 SF
949 Brighton, Portland, ME 04102-1060 $680,000 Jan 2023 4,154 SF
295 Park, Portland, ME 04102-2911 $2,100,000 Mar 2022 9,975 SF
686 Brighton, Portland, ME 04102-1012 $616,000 Jan 2022 8,594 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?”
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