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

    386 Auburn St Portland, ME 04103-2110

    • Commercial real estate
    • 5,001 SF
    • 0.43 lot acres
    OFF-MARKET
    Value Estimations
    $690,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US42-0227665
    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

    • Commercial real estate

    Property Details for 386 Auburn St

    Year built
    1926
    Lot size
    0.43 lot acres
    Property size
    5,001 SF
    Property type
    Commercial real estate
    APN
    PTLD M:383 B:A013001
    APU
    PTLDM383BA013001

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,035,000
      6.5%
      $955,000
      7%
      $885,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $870,000
      Market price range: $445k - $870k
      AI Estimate
      $561,000
      Market price range: $226k - $635k

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $695,000
      Current use
      RETAIL STORES
      $1,015,000
      Change: +46% Conversion: Easy
      OFFICE BUILDING
      $915,000
      Change: +32% Conversion: Easy
      INDUSTRIAL (GENERAL)
      $750,000
      Change: +8% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Cumberland
    State
    Maine
    Longitude
    -70.2921
    Latitude
    43.7133
    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
    $11,407
    $354,200
    $437,400
    $791,600
    -
    $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
      $2,220,000
      22,572 SF

      75 Bishop St

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

    Similar Nearby for Sale

    • $959,000
      3,840 SF

      Portland Office Building - High Return Potential

      Prime Portland location, high-traffic, multi-unit income.
      900 Riverside St, Portland, ME 04103
      View Details
    • $2,500,000
      16,546 SF

      Portland Flex Space - $2.5M

      Prime Portland flex space, 16,546 SF, high visibility.
      275 Read St, Portland, ME 04103
      View Details
    • $3,925,000
      22,150 SF

      Fully Leased Portland Office Building

      22,150 SF office building, 100% leased, excellent location.
      56 Northport Dr, Portland, ME 04103
      View Details
    • $1,750,000
      8,771 SF

      Portland Commercial Land For Sale

      3.42 AC of real estate conveniently located in Portland.
      1871 Forest Ave, Portland, ME 04103
      View Details
    • $445,000
      1,608 SF

      Professional Office Building For Sale

      Well-maintained 1,608± SF office building with signage opportunity.
      796 Forest Ave, Portland, ME 04103
      View Details
    • $710,000
      2,612 SF

      Portland Duplex with Attic Potential

      Investment opportunity: spacious units, attic potential, convenient location.
      605 Washington Ave, Portland, ME 04103
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr
      44,919 SF

      Portland Office Space for Lease

      Prime Portland Office: 5,000-10,000 SF Available
      1037 Forest Ave, Portland, ME 04103
      View Details
    • Contact for pricing
      3,128 SF

      Presumpscot Street Warehouse Sublease

      3,128 SF Warehouse, Ample Parking
      273 Presumpscot St, Portland, ME 04103
      View Details
    • Contact for pricing
      1,000 SF

      Retail Space in Stevens Square

      1,000 SF retail space in vibrant community center.
      631 Stevens Ave, Portland, ME 04103
      View Details
    • $6,750,000
      83,272 SF

      Well-Positioned Office Building For Rent

      Three-story office building with I-95 frontage and expansion potential.
      5 Davis Farm Rd, Portland, ME 04103
      View Details
    • $9 SF/Yr
      70,132 SF

      High Bay Distribution Warehouse Space

      70,132 SF distribution warehouse with five docks and ample parking.
      765 Warren Ave, Portland, ME 04103
      View Details
    • $11 SF/Yr
      9,800 SF

      Warehouse Space for Sublease

      9,800± SF warehouse space with loading docks and high ceilings.
      160 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.
    386 Auburn St
    Portland, ME 04103-2110
    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.