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    76 Northern Ave Gardiner, ME 04345

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    For Sale
    $5,100,000

    48,771 SF office building fully leased through 2033.

    Property size:
    48,771 SF
    Lot size:
    9.50 Acres

    Property Features for 76 Northern Ave

    General Information

    Size
    48,771 SF
    Lot size
    9.50 Acres

    Source: The Boulos Company Agent Nicholas Lucas

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

    Overview

    Fully Leased Gardiner Office Building

    This 48,771 square foot office building is fully leased to the Department of Professional & Financial Regulation through December 31, 2033. Situated on 9.5 acres, the property is located less than a mile from downtown Gardiner and directly off Maine Avenue/Route 201. The building underwent approximately $1,500,000 in renovations during 2022 and 2023. These renovations included new interior paint, carpet, and windows. The estimated net operating income is $370,386, with a cap rate of 7.3%. This property is intended for use as an office building.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Gardiner
    County
    Kennebec
    State
    Maine
    Longitude
    -69.7783759
    Latitude
    44.2362302

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    FAQs

    What type of property is this?
    Office building - 48,771 SF office building fully leased through 2033.
    Where is this office building located?
    The property is located at 76 Northern Ave Gardiner, ME.
    What is the asking price?
    The asking price for this property is $5,100,000.
    What are key features of this property?
    This property features: - Large 48,771+\/- SF state office building on 9.5+\/- acres.; - Fully leased through 12/31/2033 to Department of Professional & Financial Regulation, providing stable long-term income.; - Estimated NOI of $370,386 offers a strong return on investment.
    (207) 557-3513
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    76 Northern Ave Gardiner, ME 04345
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    Gardiner, ME 04345
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    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
    76 Northern Ave Gardiner, ME 04345
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