Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    11 Parkwood Dr Augusta, ME

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    3,400± SF office space for lease near State House.

    Type:OFFICE
    Property size:
    3,400 SF
    Lot size:
    1.30 Acres
    Added:
    Oct 21, 2025
    Days on Market:
    165
    Last Refresh:
    Apr 2 at 12:23 am

    Property Features for 11 Parkwood Dr

    General Information

    Standard status
    Active
    Size
    3,400 SF
    Lot size
    1.30 Acres
    Property subtype
    OFFICE

    Spaces For Lease

    at 11 Parkwood Dr Contact us

    We can help!

    Listing Contact
    Nicholas Lucas
    Nicholas Lucas

    Listing agent Nicholas Lucas

    Listing office The Boulos Company

    Listing date Oct 21, 2025

    Source Moodyscre

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of The Boulos Company

    Overview

    Available Office Space in Augusta

    This property offers approximately 3,400 square feet of office space available for lease. The building's exterior has been recently painted and renovated. It is located just off Capitol Street, a heavily traveled road, and is in close proximity to newly constructed State of Maine office buildings and the State House. The property is also located just minutes from Maine Turnpike Exit 109.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Medical Care Development ... Charitable Organization Doiron Therapeutic Massage Alternative Medicine Practice Healthy Us Physician TDES Medical Clinic MCD Public Health Association Or Organization

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Hair Salon Dental Office Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Augusta
    County
    Kennebec
    State
    Maine
    Longitude
    -69.7966
    Latitude
    44.3102

    Nearby Similar for Lease

    • Contact for pricing

      Two-Building Office Investment Opportunity

      Two-building office investment with strong tenants and upside potential.
      323-331 State St, Augusta, ME
      View Details
    • $12/mo

      Retail/Flex/Office Space in Augusta

      3,900± SF retail/flex/office space near State House.
      171 Capitol St, Augusta, ME
      View Details
    • $15/mo

      Augusta Office Suites For Rent

      Office suites available in downtown Augusta, Maine.
      1 Weston Court, Augusta, ME
      View Details
    • Contact for pricing

      Augusta Business Park Office Space

      6,000± SF office space for lease in Augusta Business Park.
      36 Anthony Ave, Augusta, ME
      View Details
    • $11/mo

      Freestanding Retail Building in Augusta

      17,500± SF retail building on 2.5± AC lot.
      1 Anthony Ave, Augusta, ME
      View Details
    • $15/mo

      Prime Augusta Office Space

      4,000 SF office space near Maine State House.
      5 Wade St, Augusta, ME
      View Details
    • $13/mo

      Augusta Office Building For Sale

      28,000 SF office building in central Maine for sale.
      249 Western Ave, Augusta, ME
      View Details
    • $14/mo

      Professional Office Suites For Rent

      Professional office suites available with on-site amenities and parking.
      45 Commerce Drive, Augusta, ME
      View Details
    • Contact for pricing

      Downtown Augusta Office Space

      Professional office space in downtown Augusta with flexible layouts.
      49 Oak St, Augusta, ME
      View Details
    • Contact for pricing

      Spacious Office with Flexible Layout

      Adaptable office space in a highly visible, convenient location.
      4 Water St, Augusta, ME
      View Details
    • Contact for pricing

      Single-Floor Office Building For Lease

      Single-floor office building for lease in Augusta, Maine.
      28 Meadow Rd, Augusta, ME
      View Details
    • Contact for pricing

      Class A Office Space Available

      Class A office space for lease in Augusta, Maine.
      45 Memorial Cir, Augusta, ME
      View Details

    FAQs

    What type of property is this?
    Office units - 3,400± SF office space for lease near State House.
    Where is this office units located?
    The property is located at 11 Parkwood Dr Augusta, ME.
    What is the lease rate?
    The lease rate is $10 SF/Yr.
    What are key features of this property?
    This property features: 3,400± SF of office space available; Close proximity to State of Maine office buildings and State House; Located just off heavily traveled Capitol Street
    (207) 557-3513 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Nicholas Lucas
    Nicholas Lucas
    Learn More
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!