You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
Back to Search
Property profile & analytics
OFF-MARKET Estimated value $525,000
Parking lots & garages

38 Winter St Portland, ME 04102

0.19 ac lot
Entity Owned 1-yr Hold ~ Est. High Equity
Property ID
US42-0483088
Property summary
AI-generated overview

This exceptional 0.187-acre commercial land parcel, located at 38-42 Winter Street in Portland, Maine's desirable West End, presents a compelling investment or development opportunity. Zoned R-6, the property boasts a prime location directly across from the newly constructed Winter Street Town Homes, ensuring high visibility and desirability. Currently operating as a 23-space paved parking lot, a lease agreement is in place, providing a steady income stream until March 31, 2027. The 0.187-acre lot offers significant potential for various development projects, capitalizing on the vibrant and growing West End neighborhood. Its strategic location and existing infrastructure make it an attractive proposition for developers and investors seeking a high-return investment in a thriving urban area. The property's address is 38-42 Winter Street, Portland, ME 04102, within Cumberland County. The asking price for this exceptional property is $685,000. Don't miss this chance to acquire a piece of Portland's thriving real estate market.

Property profile
Verified
Property type Parking lots & garages
Use group PARKING LOT
Lot 0.19 ac (8,168 SF)
APN PTLD M:045 B:F006001
UPID US42-0483088
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$495k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$525k
Owner & transaction history
38 Winter St LLC · 1 yrs held
38 Winter St LLC
since 2025
Last sale
$550,000
4 recorded transactions
2025
$550,000
2017
Price N/A
2017
Price N/A
2014
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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?”
You own 38 Winter St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
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