Your AI Navigator in Commercial Real Estate
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
    Property profile & analytics

    509 Frst Ave Portland, ME 04101-1521

    • Office buildings
    • 73,750 SF
    • 0.61 lot acres
    OFF-MARKET
    Value Estimation
    $9,610,000
    Last Sale
    Aug 14, 2024
    $9,500,000
    Location Intelligence
    Property ID
    US42-0506369
    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

    • Va Portland Clinic: Frydman Ruth E MD / Doctor
    • MMCRI Center for Outcomes Research and Evaluation / Research Institute
    • Red Hot & Ladylike / Dance School / Performing Arts Group
    • I Vantage Health Analytics Inc / Business Management Consultant
    • KO Cleaning / Janitorial Service / House Cleaning Service

    Property Details for 509 Frst Ave

    Year built
    1927
    Lot size
    0.61 lot acres
    Property size
    73,750 SF
    Property type
    Office buildings
    APN
    PTLD M:127 B:A002001
    APU
    PTLDM127BA002001

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $9,500,000

    • CAP approach

      CAP return
      Estimation
      6%
      $9,290,000
      6.5%
      $10,355,000
      7%
      $10,395,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $10,770,000
      Geo Method
      $8,140,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $10,770,000
      Retail
      $9,955,000
      Mixed-Use
      $11,515,000
      Hospitality
      $10,700,000
      Educational
      $8,845,000
      Residential Income
      $10,495,000
      Energy
      $10,900,000
      Income-Based Land
      $11,755,000
      Food Service
      $11,195,000

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Cumberland
    State
    Maine
    Longitude
    -70.2787
    Latitude
    43.6678
    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
    $49,602
    $414,100
    $3,028,100
    $3,442,200
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      40,861 SF

      128 High St

      OFFICE BUILDING • 40,861 SF
      128 High St, Portland, ME 04101
      View Details
    • Value Estimation by Request
      25,140 SF

      111 Commercial St

      OFFICE BUILDING • 25,140 SF
      111 Commercial St, Portland, ME 04101-4719
      View Details
    • Value Estimation by Request
      53,916 SF

      245 Commercial St

      OFFICE BUILDING • 53,916 SF
      245 Commercial St, Portland, ME 04101-4622
      View Details
    • Value Estimation by Request
      14,784 SF

      480 Congress St

      OFFICE BUILDING • 14,784 SF
      480 Congress St, Portland, ME 04101-3400
      View Details
    • Value Estimation by Request
      35,178 SF

      15 Franklin St

      OFFICE BUILDING • 35,178 SF
      15 Franklin St, Portland, ME 04101-4169
      View Details
    • Value Estimation by Request
      5,786 SF

      55 Baxter Blvd

      OFFICE BUILDING • 5,786 SF
      55 Baxter Blvd, Portland, ME 04101-1801
      View Details

    Similar Nearby for Sale

    • $16,000,000
      85,972 SF

      Portland Office Building For Sale

      85,972 SF office building with redevelopment potential.
      110 Free St, Portland, ME 04101
      View Details
    • $10,950,000
      99,488 SF

      Historic Landmark in Portland's Downtown

      Landmark building with value-add potential in Portland's vibrant downtown.
      142 High St, Portland, ME 04101
      View Details
    • $1,290,000
      5,102 SF

      Downtown Portland Freestanding Office Building

      5,000 SF downtown Portland building, ideal for owner or investment.
      7 Forest Ave, Portland, ME 04101
      View Details
    • Contact for pricing
      1.29 Acres

      Portland Tech Park Land Sale

      Prime Maine commercial land, I-95 access.
      0 Technology Park Dr, Portland, ME 04101
      View Details
    • $2,165,000
      16,380 SF

      Mixed-Use Building in Downtown Portland

      16,380± SF mixed-use building in the heart of downtown.
      496 Congress St, Portland, ME 04101
      View Details
    • $1,225,000

      Net Leased Investment Property

      Single tenant property with lease through 2027.
      83-85 India St, Portland, ME 04101
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      860 SF

      Prime Portland Executive Office Space

      860 SF Executive Suite - Available Now
      237 Oxford St, Portland, ME 04101
      View Details
    • $20 SF/Yr
      3,248 SF

      Prime Portland Executive Suites

      1,624 SF Downtown Portland Office Space Available
      100 Silver St, Portland, ME 04101
      View Details
    • $26 SF/Yr
      160,000 SF

      Class A Waterfront Office Space

      Portland's premier office tower; 6,973 SF available.
      12 Mountfort St, Portland, ME 04101
      View Details
    • $25 SF/Yr
      61,657 SF

      Portland Office Building - 61,657 SF

      Historic Portland office space, multiple tenants. Prime downtown location.
      100 Commercial St, Portland, ME 04101
      View Details
    • $21 SF/Yr
      18,301 SF

      Historic Portland Office Building

      Prime Portland location, 18,301 sq ft.
      103 Exchange St, Portland, ME 04101
      View Details
    • $24 SF/Yr
      4,129 SF

      Class A Office Space

      Class A office space in Portland's central business district.
      2 City Ctr, Portland, ME 04101
      View Details

    Property Visit Statistics

    • Visits by month
      6.3k
    • Visitors by month
      4.7k
    • Avg Time on site
      9 min
    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.
    509 Frst Ave
    Portland, ME 04101-1521
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.