Calculate cap rates and net operating income for commercial properties in Maine. Compare your results against Maine's tertiary market benchmarks sourced from CBRE H2 2025.
Portland, Maine has emerged as one of New England's most desirable small cities, with strong demand from remote workers and Boston-area residents seeking lower costs. The market is small with limited transaction volume, but Portland's quality of life, food scene, and housing shortage have driven strong multifamily fundamentals. Tourism drives significant retail and hospitality activity statewide.
| Property Type | Typical Low % | Typical High % |
|---|---|---|
| Multifamily | 5.5% | 7.5% |
| Industrial | 6.0% | 8.0% |
| Retail | 6.0% | 8.5% |
| Office | 7.0% | 9.5% |
Benchmarks sourced from CBRE H2 2025 Cap Rate Survey, JP Morgan, Matthews, and Cushman & Wakefield market data. Ranges represent typical stabilized assets — actual rates vary by asset quality, location, and market conditions.
Maine cap rates range from 5.5–7.5% for multifamily, 6.0–8.0% for industrial, 6.0–8.5% for retail, and 7.0–9.5% for office. Portland's tight housing market and lifestyle appeal have kept multifamily rates lower than most tertiary markets its size.
Portland has become a destination for remote workers, retirees, and Boston-area residents seeking lower costs while maintaining urban amenities. The city's nationally recognized food scene, proximity to outdoor recreation, and historic architecture attract tourism and lifestyle-driven businesses. Limited housing supply has kept multifamily fundamentals strong.
Maine is a small, relatively illiquid CRE market outside of Portland. Transaction volumes are low, comparable sales are limited, and institutional investors are rarely active outside of multifamily or hospitality assets. Cap rates reflect this illiquidity premium — investors require higher yields to compensate for the difficulty of exiting positions.
This tool is for informational and educational reference only and does not constitute real estate investment advice. Cap rate benchmarks are estimates based on published industry surveys and may not reflect current conditions in your specific market, submarket, or asset class. Actual cap rates vary significantly based on property condition, location, tenant quality, lease terms, and local market dynamics. Always consult a licensed commercial real estate broker, appraiser, or investment advisor before making real estate investment decisions.