Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    2 Howard St Augusta, ME 04330

    Sponsored
    For Sale
    $525,000

    LAND - Augusta, ME

    Lot size:
    1.00 Acre
    Days on Market:
    10
    Last Refresh:
    Jan 19 at 2:06 am

    Property Features for 2 Howard St

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Commercial
    Parking features
    Driveway
    Lot size
    1.00 Acre

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public
    Water front
    1

    We can help!

    Listing Contact
    John Lawrence

    Keller Williams Realty (207) 879-9800 [email protected]

    Listing agent John Lawrence (207) 879-9800

    Listing date Jan 10, 2026

    MLS# 1617463 Listing URL

    Copyright © 2026 Maine Real Estate Information System, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Augusta Commercial Land Overlooking Kennebec

    This one-acre lot, offered for sale for the first time in over 100 years, features a prime location overlooking the Kennebec River, Old Fort Western, City Hall, and downtown Augusta. Currently used as a church, the property is zoned commercially, offering potential for commercial offices, residential housing, mixed-use development, or a combination thereof. The building structure is well-maintained. Conveniently located near I-95, the Capitol Complex, U.M.A., and all of Augusta's amenities, this property presents a unique location.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Churches & religious facilities

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Augusta
    County
    Kennebec
    State
    Maine
    Longitude
    -69.770683
    Latitude
    44.315083

    Nearby Similar for Sale

    • $525,000
      12,093 SF

      Versatile Commercial Building in Augusta

      12,000 sq ft commercial building on 1.04-acre lot.
      10 Pethaven Ln, Augusta, ME 04330
      View Details
    • $1,750,000
      13,446 SF

      Prime Augusta Office Building Investment

      First-class commercial office building with long-term tenants and high visibility.
      5 Community Dr, Augusta, ME 04330
      View Details
    • $584,900
      5,856 SF

      Augusta Multifamily Investment Opportunity

      Two buildings, two mobile homes, potential for a ninth unit.
      202 Mount Vernon Ave, Augusta, ME 04330
      View Details
    • $525,000
      2,988 SF

      Augusta Commercial Property Overlooking Kennebec

      Prime commercial location overlooking Kennebec River, downtown Augusta, and City Hall.
      2 Howard St, Augusta, ME 04330
      View Details
    • $390,000
      5,076 SF

      Classic Federal House in Augusta

      Commercially zoned property near downtown Augusta with potential options.
      8 Crosby Street Pl, Augusta, ME 04330
      View Details
    • $399,000
      11.17 Acres

      Augusta Land with River Frontage

      Large parcel with over 1,000 feet of Kennebec River frontage.
      Kennedy Rd, Augusta, ME 04330
      View Details
    • New
      $199,000
      1,536 SF

      Augusta Duplex with Rental History

      Two-unit residential building with spacious units and ample parking.
      19 Cumberland St, Augusta, ME 04330
      View Details
    • $379,900
      1,490 SF

      Versatile Commercial Property on Civic Center

      Adaptable property on a high-traffic commercial corridor.
      347 Civic Center Dr, Augusta, ME 04330
      View Details
    • $298,000
      1,992 SF

      Augusta Multifamily Greek Revival

      Two-unit multifamily property with garage near downtown Augusta, Maine.
      25 Washington Street Ext, Augusta, ME 04330
      View Details
    • $40,000
      0.74 Acres

      Augusta Land with Abandoned Barn

      0.7 acre lot with abandoned barn on corner.
      896 Summerhaven Rd, Augusta, ME 04330
      View Details
    • $449,500
      2,241 SF

      Updated Four-Unit Multifamily Building

      Well-maintained Augusta multifamily property with recent updates and long-term tenants.
      28 Weston St, Augusta, ME 04330
      View Details
    • $299,000
      5,725 SF

      Historic Queen Anne Office Building

      Historic Augusta office building with versatile potential and prominent location.
      16 East Chestnut St, Augusta, ME 04330
      View Details

    FAQs

    What type of property is this?
    Church & religious facility - One-acre commercial lot with prime location overlooking Kennebec River.
    Where is this church & religious facility located?
    The property is located at 2 Howard St Augusta, ME.
    What is the asking price?
    The asking price for this property is $525,000.
    What are key features of this property?
    This property features: - Prime 1-acre lot overlooking the Kennebec River, Old Fort Western, City Hall, and downtown Augusta.; - Commercially zoned, allowing for commercial offices, residential housing, mixed-use, or any combination.; - Convenient location to I-95, the Capitol Complex, U.M.A., and all of Augusta's amenities.
    (207) 479-8888
    Request Owner's contact information
    2 Howard St Augusta, ME 04330
    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.
    2 Howard St
    Augusta, ME 04330
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    2 Howard St Augusta, ME 04330
    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
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    John Lawrence
    (207) 479-8888
    Learn more
    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.