Medical Office Building For
For Sale
$6,900,000
21 Enterprise Dr, Augusta, ME 04330
Class A medical office building fully leased to MaineGeneral Medical
Property Size18,407 SF
Days on Market333
Property Features for 21 Enterprise Dr
General Information
Standard status
Active
Size
18,407 SF
Class
A
Property subtype
Office
Building Details
Building Size
18,407 SF
Year Built
2007
Listed By:
Chris Paszyc, CCIM, SIOR
(207) 939-4147
Source:
Boulos
Added: Nov 24, 2025
Changed: Oct 13
Last Checked: Oct 23 at 4:53AM
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 Chris Paszyc, CCIM, SIOR
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This is an 18,407 square foot Class A medical office building. It is fully leased to MaineGeneral Medical Center through December 31, 2028. The property includes 120 parking spaces. It is conveniently located near Civic Center Drive Interstate Exit 112 and MaineGeneral’s medical campus. The property features annual rental increases. The cap rate is 8.5%.
Key Highlights
- Fully‑leased to MaineGeneral Medical Center thru 12/31/2028
- 8.5% Cap Rate**
- 18,407±sf Class A Medical Office Building**
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$260,204
Cap Rate
3.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,204,080
$5.2M
Cap Rate 7%
$3,717,200
$3.7M
Cap Rate 9%
$2,891,156
$2.9M
Market Conditions
NOI Build-Up for 18,407 SF
Gross rent
$397.6K $21.60/SF
− Vacancy
−$50.7K −$2.75/SF
EGI
$346.9K $18.85/SF
− OpEx
−$86.7K −$4.71/SF
NOI
$260.2K $14.14/SF
Area
Kennebec County, ME
Vacancy
12.74%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,204,080
Cap Rate 7%
$3,717,200
Cap Rate 9%
$2,891,156
Alternative Uses
Best Use
Office B
$3.72M
$3.25M – $4.34M
NOI $260,204 @ 7.0% cap · market cap 3.77%
Second Best
Healthcare Medical
$3.56M
$3.11M – $4.15M
NOI $249,078 @ 7.0% cap · market cap 3.61%
Theoretical Best
Warehouse
$27.46M
$24.03M – $32.04M
NOI $1,922,302 @ 7.0% cap · market cap 27.86%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
283
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 04330, ME
26,322
Population
13,017
Households
2
Avg Household Size
44
Median Age
28%
College-Educated
95%
High-School Grad
116.9 sq mi
ZIP Area
225
Density / Sq Mi
$55,158
Median Household Income
$43,177
Median Earnings
$912
Median Rent
$197,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Medical Office Space - Class A medical office building fully leased to MaineGeneral Medical
Where is this medical office space located?
The property is located at 21 Enterprise Dr Augusta, ME.
What is the asking price?
The asking price for this property is $6,900,000.
What are key features of this property?
This property features: Fully‑leased to MaineGeneral Medical Center thru 12/31/2028; 8.5% Cap Rate**; 18,407±sf Class A Medical Office Building**
