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    Property profile & analytics

    489 Stevens Ave Portland, ME 04103

    • Office buildings
    • 4,468 SF
    • 0.17 lot acres
    OFF-MARKET
    Value Estimation
    $330,000
    Last Sale
    Mar 05, 2021
    Location Intelligence
    Property ID
    US42-0102490
    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

    • Office buildings

    Property Details for 489 Stevens Ave

    Year built
    1900
    Lot size
    0.17 lot acres
    Property size
    4,468 SF
    Property type
    Office buildings
    APN
    PTLD M:135 B:C021001
    APU
    PTLDM135BC021001

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $305,000

    • CAP approach

      CAP return
      Estimation
      6%
      $360,000
      6.5%
      $395,000
      7%
      $430,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $320,000
      Geo Method
      $360,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $415,000
      Retail
      $330,000
      Mixed-Use
      $455,000
      Hospitality
      $395,000
      Educational
      $405,000
      Residential Income
      $340,000
      Energy
      $440,000
      Income-Based Land
      $365,000
      Food Service
      $430,000

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Cumberland
    State
    Maine
    Longitude
    -70.2946
    Latitude
    43.6753
    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
    $6,248
    $210,700
    $222,900
    $433,600
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      10,082 SF

      1039 Washington Ave

      OFFICE BUILDING • 10,082 SF
      1039 Washington Ave, Portland, ME 04103-3628
      View Details
    • Value Estimation
      $345,000
      3,024 SF

      1438 Washington Ave

      OFFICE BUILDING • 3,024 SF
      1438 Washington Ave, Portland, ME 04103-2024
      View Details
    • Value Estimation by Request
      7,009 SF

      203 Ocean Ave

      OFFICE BUILDING • 7,009 SF
      203 Ocean Ave, Portland, ME 04103
      View Details
    • Value Estimation by Request
      9,366 SF

      844 Stevens Ave

      OFFICE BUILDING • 9,366 SF
      844 Stevens Ave, Portland, ME 04103-2676
      View Details
    • Value Estimation
      $315,000
      2,920 SF

      28 Vannah Ave

      OFFICE BUILDING • 2,920 SF
      28 Vannah Ave, Portland, ME 04103-4509
      View Details
    • Value Estimation by Request
      22,522 SF

      94 Auburn St

      OFFICE BUILDING • 22,522 SF
      94 Auburn St, Portland, ME 04103-2141
      View Details

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    Similar Nearby for Lease

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      View Details
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    489 Stevens Ave
    Portland, ME 04103
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    Realmo Value Estimation

    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.

    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.

    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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