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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    356 Riverside Industrial Pkwy Portland, ME 04103-1488

    • Industrial properties
    • 8,460 SF
    • 7.17 lot acres
    OFF-MARKET
    Last Sale
    Oct 20, 2022
    $1,750,000
    Value Estimations
    $1,885,000
    Show details
    Cap Rate Potential
    2.7%
    Industrial properties
    Location Intelligence
    Property ID
    US42-0493023
    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

    • U-Pack / Trucking Company
    • ABF Freight / Trucking Company

    Property Details for 356 Riverside Industrial Pkwy

    Year built
    1973
    Lot size
    7.17 lot acres
    Property size
    8,460 SF
    Property type
    Industrial properties
    APN
    PTLD M:330A B:B003001
    APU
    PTLDM330ABB003001

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,025,000
      ML approach
      $2,015,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,131,000
      Market price range: $824k - $1.84M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $1,265,000
      Current use
      RETAIL STORES
      $1,715,000
      Change: +35% Conversion: Moderate
      OFFICE BUILDING
      $1,550,000
      Change: +22% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $1,180,000
      Change: -7% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Cumberland
    State
    Maine
    Longitude
    -70.3073
    Latitude
    43.7097
    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
    2024
    $12,455
    $755,900
    $73,900
    $829,800
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $805,000
      11.54 Acres

      90 Quarry Rd

      INDUSTRIAL (GENERAL) • 11.54 Acres
      90 Quarry Rd, Portland, ME 04103
      View Details
    • Value Estimation
      $575,000
      6.15 Acres

      182 Read St

      INDUSTRIAL (GENERAL) • 6.15 Acres
      182 Read St, Portland, ME 04103
      View Details
    • Value Estimation
      $1,090,000
      11,310 SF

      934 Ocean Ave

      INDUSTRIAL (GENERAL) • 11,310 SF
      934 Ocean Ave, Portland, ME 04103
      View Details
    • Value Estimation by Request
      2,762 SF

      165 Presumpscot St

      INDUSTRIAL (GENERAL) • 2,762 SF
      165 Presumpscot St, Portland, ME 04103-5201
      View Details
    • Value Estimation
      $2,595,000
      25,000 SF

      921 Riverside St

      INDUSTRIAL (GENERAL) • 25,000 SF
      921 Riverside St, Portland, ME 04103-1070
      View Details
    • Value Estimation
      $1,485,000
      14,720 SF

      306 Riverside Industrial Pkwy

      INDUSTRIAL (GENERAL) • 14,720 SF
      306 Riverside Industrial Pkwy, Portland, ME 04103
      View Details

    Similar Nearby for Sale

    • $2,500,000
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      Portland Flex Space - $2.5M

      Prime Portland flex space, 16,546 SF, high visibility.
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    • 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.
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    • New
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      Warren Avenue Retail/Showroom/Warehouse Space

      19,000 SF Portland retail/showroom/warehouse space in a visible location.
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    • $709,000
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      Portland Warehouse with Office Space

      4,610 SF building with office and warehouse space for sale.
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    • $675,000
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      Portland Office Building - Ocean Ave

      Prime Portland office space, 2,786 sq ft.
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    • $625,000
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      Portland Retail Opportunity For Sale

      Retail property in Portland, Maine, available for purchase.
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    Similar Nearby for Lease

    • Contact for pricing
      17,600 SF

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      Versatile Industrial Units, Portland, ME
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      View Details
    • $9 SF/Yr
      48,897 SF

      Portland Office/Flex Building For Lease

      48,897± SF office/flex building for lease near I-95.
      1 Davis Farm Rd, Portland, ME 04103
      View Details
    • $15 SF/Yr
      5,400 SF

      Riverside Street Industrial Flex Space

      5,400 SF Flex Warehouse For Lease
      597 Riverside St, Portland, ME 04103
      View Details
    • $10 SF/Yr
      24,962 SF

      Portland Warehouse - 25,000 SF

      Prime Portland warehouse, ideal for distribution. Available Q3 2024.
      340 Presumpscot St, Portland, ME 04103
      View Details
    • $12 SF/Yr
      14,128 SF

      Industrial Building with Air Conditioning

      14,128 SF industrial building suitable for manufacturing and warehousing.
      116 Riverside Industrial Pkwy, Portland, ME 04103
      View Details
    • $10 SF/Yr
      20,725 SF

      Portland Retail/Flex/Industrial Space Available

      20,725-45,567± SF retail/flex/industrial space for lease in Portland.
      75 Northport Dr, Portland, ME 04103
      View Details
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    356 Riverside Industrial Pkwy
    Portland, ME 04103-1488
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    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
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