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    Property profile & analytics

    500 Washington Ave Portland, ME 04103-5334

    • Office buildings
    • 14,742 SF
    • 0.52 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US42-0313534
    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

    • Otherside Diner / Diner
    • Lotfey Dennett Insurance Brokers / Auto Insurance Agency / Insurance Broker
    • Pioneer Telephone / Telephone Company / Telecommunications Service Provider
    • National Association of Wetland Managers / Non-Profit Organization / Non-Governmental Organization
    • Acorn Engineering, Inc. / Civil Engineering Company / Civil Engineer

    Property Details for 500 Washington Ave

    Year built
    1987
    Lot size
    0.52 lot acres
    Property size
    14,742 SF
    Property type
    Office buildings
    APN
    PTLD M:429 B:I007001
    APU
    PTLDM429BI007001

    Description

    This exceptional sublease opportunity presents 3,225 square feet of traditional office space at 500 Washington Avenue in Portland, Maine. Located in the heart of the city at the intersection of Washington Avenue and Veranda Street, this property offers unparalleled access and visibility within the Greater Portland area and downtown core. The building itself totals 14,472 square feet, and this specific sublease space is immediately available. The property is zoned B-2, providing flexibility for a variety of commercial uses. The single-tenant occupancy ensures a quiet and productive work environment. This is an ideal location for businesses seeking a prominent address with excellent accessibility and high visibility in a thriving urban setting. The address is 500 Washington Avenue, Portland, ME 04103, within Cumberland County. This sublease offers a chance to secure a well-situated office space in a dynamic and desirable location. The space is ready for immediate occupancy, providing a seamless transition for your business. Contact us today to schedule a viewing and explore the possibilities of establishing your business in this prime Portland location.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Cumberland
    State
    Maine
    Longitude
    -70.2575
    Latitude
    43.6798
    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
    $36,747
    $318,800
    $2,231,300
    $2,550,100
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      10,082 SF

      1039 Washington Ave

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    • Value Estimation
      $345,000
      3,024 SF

      1438 Washington Ave

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

      203 Ocean Ave

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

      844 Stevens Ave

      OFFICE BUILDING • 9,366 SF
      844 Stevens Ave, Portland, ME 04103-2676
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      $330,000
      4,468 SF

      489 Stevens Ave

      OFFICE BUILDING • 4,468 SF
      489 Stevens Ave, Portland, ME 04103
      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

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    500 Washington Ave
    Portland, ME 04103-5334
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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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