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Property profile

527 Ocean Ave 3 Portland, ME 04103

OFF-MARKET
Commercial real estate
Property ID
US42-0487165
View Sample
2,865 SF Built 1987
Entity Owned 9-yr Hold ~ Est. High Equity

Property summary

AI-generated overview

This exceptional 2-story, 2,786 square foot office condo at 527 Ocean Avenue in Portland, Maine, presents a fantastic investment opportunity. Built in 1987, this traditional office space boasts a highly functional layout ideal for a variety of businesses. The property features a spacious reception area, perfect for welcoming clients and guests. Multiple conference rooms provide ample space for meetings and presentations, while a convenient kitchenette caters to staff needs. The layout also includes a substantial workspace and eight to ten individual offices, offering flexibility for various team configurations. The property is zoned for commercial use, ensuring versatility and future development potential. Ample on-site parking is available, providing convenience for employees and visitors. The property is located in Cumberland County, Maine, with the address 527 Ocean Ave, Portland, ME 04103 (APN: Map 163 Block E Lot 3). The asking price is $675,000. This well-maintained property offers a blend of functionality and location, making it an attractive option for businesses seeking a comfortable and productive workspace in a desirable Portland location. Ownership is held by Ocean Aventure II LLC.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL CONDOMINUIM
Year built 1987
Total area 2,865 SF
APN PTLD M:163 B:E003003
UPID US42-0487165

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Law Firm
  • Law Firm
  • Freight Service Logistics Company
  • Midwife
  • Midwife

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$290k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$290k

Owner & transaction history

since 2017
3 recorded transactions
2017
Price N/A
2014
Price N/A
2013
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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