Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    34 Vannah Ave Portland, ME 04103-4509

    • Commercial real estate
    • 4,980 SF
    • 0.12 lot acres
    OFF-MARKET
    Value Estimations
    $580,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US42-0365622
    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

    • Makkah Halal Market / Grocery & Convenience Store / Food Market

    Property Details for 34 Vannah Ave

    Year built
    1955
    Lot size
    0.12 lot acres
    Property size
    4,980 SF
    Property type
    Commercial real estate
    APN
    PTLD M:129 B:F013001
    APU
    PTLDM129BF013001

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $650,000
      Market price range: $443k - $867k
      AI Estimate
      $388,000
      Market price range: $225k - $633k

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $695,000
      Current use
      OFFICE BUILDING
      $915,000
      Change: +32% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Cumberland
    State
    Maine
    Longitude
    -70.283
    Latitude
    43.6719
    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
    $7,892
    $173,600
    $374,100
    $547,700
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      8.53 Acres

      1 Davis Farm Rd

      COMMERCIAL (GENERAL) • 8.53 Acres
      1 Davis Farm Rd, Portland, ME 04103-1668
      View Details
    • Value Estimation
      $1,895,000
      18,900 SF

      55 Warren Ave

      COMMERCIAL (GENERAL) • 18,900 SF
      55 Warren Ave, Portland, ME 04103-1103
      View Details
    • Value Estimation
      $2,550,000
      25,000 SF

      78 Walch Dr

      COMMERCIAL CONDOMINUIM • 25,000 SF
      78 Walch Dr, Portland, ME 04103
      View Details
    • Value Estimation by Request
      1,344 SF

      828 Riverside St

      COMMERCIAL (GENERAL) • 1,344 SF
      828 Riverside St, Portland, ME 04103-1027
      View Details
    • Value Estimation
      $955,000
      8,000 SF

      150 Riverside Industrial Pkwy

      COMMERCIAL (GENERAL) • 8,000 SF
      150 Riverside Industrial Pkwy, Portland, ME 04103-1431
      View Details
    • Value Estimation
      $2,220,000
      22,572 SF

      75 Bishop St

      COMMERCIAL (GENERAL) • 22,572 SF
      75 Bishop St, Portland, ME 04103-2614
      View Details

    Similar Nearby for Sale

    • $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
      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
    • $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
    • $275,000
      0.30 Acres

      Two Buildable Lots in Portland

      Two buildable lots in Portland's desirable North Deering neighborhood.
      Fisher St, Portland, ME 04103
      View Details
    • $625,000
      2,910 SF

      Mixed-Use Building in Downtown Portland

      Mixed-use building with storefront and apartment in downtown Portland.
      1435 Forest Ave, Portland, ME 04103
      View Details
    • $3,795,000
      26,285 SF

      Prime Retail Space on Riverside Street

      High-visibility retail space for sale or lease near I-95.
      375 Riverside St, Portland, ME 04103
      View Details

    Similar Nearby for Lease

    • $16 SF/Yr
      26,285 SF

      Riverside Street Retail Center

      Portland, ME Mixed-Use Opportunity
      375 Riverside St, Portland, ME 04103
      View Details
    • Contact for pricing
      4,572 SF

      Freestanding Building on Sanborn Street

      Individual salon suites for lease, easily accessible and near downtown.
      9 Sanborn St, Portland, ME 04103
      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
    • $12 SF/Yr
      3,000 SF

      Portland Flex Unit For Lease

      3,000 SF flex unit in Portland industrial park.
      220 Industrial Way, Portland, ME 04103
      View Details
    • $12 SF/Yr
      10,000 SF

      Office Space Near Downtown Portland

      Office space for lease, convenient location, ample parking.
      1037 Forest Ave, Portland, ME 04103
      View Details
    • $40 SF/Yr
      2,800 SF

      Historic Office Space For Rent

      2,800 SF office space in historic Roundhouse complex.
      125 Presumpscot St, Portland, ME 04103
      View Details
    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.
    34 Vannah Ave
    Portland, ME 04103-4509
    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.