1761 Augusta Road, Belgrade, ME 04917

Building Details

Building Size 2,824 SF More

Year Built 1850 More

Listing Agency: Hoang Realty i***@hoangrealty.com Show Phone

Listed By: Heidi Witham Hoa Hoang Show Phone

Source: Integrityhomesrealestategroup

Added: Nov 8, 2023 Changed: Nov 11 Last Checked: Nov 11 at 2:06AM

Report an Issue

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 Hoang Realty

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This mixed-use property combines a dog boarding business with a three-bedroom home, allowing residential and business functions on the same premises. Dogs have access to indoor areas as well as several open yards, with gazebos providing covered outdoor space. The property was built in 1850 and is zoned Rural.

Located at 1761 Augusta Road in Belgrade, Maine, the property serves clients from the Belgrade Lakes community. The boarding operation has an established clientele, including repeat customers, and current staff have expressed interest in remaining with the business.

Key Highlights

• Dog boarding business paired with a three‑bedroom home
• Several open yards, gazebos and indoor areas for dogs
• Built in 1850

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$29,133

Cap Rate

6.85%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$582,660 $582.7K

Cap Rate 7%

$416,186 $416.2K

Cap Rate 9%

$323,700 $323.7K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,824 SF

Gross rent

$50.8K $18.00/SF

− Vacancy

−$4.2K −$1.49/SF

EGI

$46.6K $16.51/SF

− OpEx

−$17.5K −$6.19/SF

NOI

$29.1K $10.32/SF

Area

Kennebec County, ME

Vacancy

8.30%

Lease Rate

$18.00 /SF/Yr

Expense Ratio

37.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$582,660

Cap Rate 7%

$416,186

Cap Rate 9%

$323,700

Alternative Uses

Best Use

Mixed Use

$416.2K

$364.2K – $485.6K (±1% cap)

NOI $29,133 @ 7.0% cap · market cap 6.85%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$802.6K

$702.3K – $936.4K (±1% cap)

NOI $56,184 @ 7.0% cap · market cap 13.22%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

White Willow Retreat ... Kennel & Boarding Facility

Suggested Use

Top Pick Building Supply Department Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Turnkey business

Opportunity

Location Intelligence

Trade Area within ½ mile

7

Businesses Nearby

Explore this area Business Placement

Demographics for 04917, ME

3,259

Population

2,261

Households

1.4

Avg Household Size

49

Median Age

46%

College-Educated

98%

High-School Grad

42.7 sq mi

ZIP Area

76

Density / Sq Mi

$86,021

Median Household Income

$41,846

Median Earnings

$868

Median Rent

$304,600

Median Home Value

Market

Average Price Trend$/SF for Mixed-use properties in Kennebec County, ME

$124 Jul

$133 Aug

$133 Sep

$132 Oct

Properties on Market for Mixed-use properties in Kennebec County

Jul

Aug

Sep

Oct

Similar For Sale Nearby

See more

Mixed-Use Property with Apartment

47 Main Street, Belgrade, ME 04917

$450,000

1,937 SF

View details

Mixed-Use Farm Property

538 Augusta Road, Belgrade, ME 04917

$1,199,000

3,033 SF

View details

Mixed-Use Property with Lake Access

14 Lakeshore Drive, Belgrade, ME 04917

$789,000

4,500 SF

View details

Retail Space in Belgrade, Maine

1005 Augusta Rd, Belgrade, ME 04917

$195,000

2,176 SF

View details

Lakeside Multifamily Property

333 Smithfield Road, Belgrade, ME 04917

$975,000

3,878 SF

View details

Restaurant with Attached Retail Space

16 Main Street, Belgrade, ME 04917

$490,000

1,392 SF

View details

Automotive Property with Garage

991 Augusta Road, Belgrade, ME 04917

$179,000

1,040 SF

View details

Frequently Asked Questions

What type of property is this?

Mixed-use property - A three-bedroom residence shares the property with a dog boarding business and indoor and outdoor areas for dogs.

Where is this mixed-use property located?

The property is located at 1761 Augusta Road Belgrade, ME.

What is the asking price?

The asking price for this property is $425,000.

What are key features of this property?

This property features: Dog boarding business paired with a three‑bedroom home; Several open yards, gazebos and indoor areas for dogs; Built in 1850