Office Building with Studio
2386 N Belfast Avenue, Augusta, ME 04330
For Sale
$329,900
Commercial Sale, Augusta, ME
Property Size1,237 SF
Lot Size0.41 Acres
Price / SF$266.69
Days on Market127
Property Features for 2386 N Belfast Avenue
General Information
Property type
Property subtype
Zoning
Rooms
Basement
Lot features
Standard status
Size
Lot size
Additional Details
Property Use
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Sewer type
Heating system
Cooling system
Water source
Building Details
Year built
Flooring type
Building materials
Roof type
Buildings
Listing Agency:
Sprague & Curtis Real Estate
Listed By:
Lori Dube
(207) 623-1123
Added: Jul 7
Changed: Oct 27
Last Checked: Nov 10 at 7:06PM
MLS# 1661819
Copyright © 2026 Maine Listings. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 1,237-square-foot office building in Augusta sits on a 0.41-acre parcel and dates to 1939. The main level includes a reception area, two private offices, a kitchen, a half bathroom, and wood flooring. Upstairs, a studio has a kitchenette, a three-quarter bathroom, and a dedicated exterior entrance; interior access between floors could be added through conversion. The property has wood-frame and stucco construction, oil and electric heating options, forced-air and heat-pump systems, and heat-pump cooling. Water and sewer service are private.
The property is zoned Comm. The location offers access to downtown Augusta, the hospital, and the interstate. Interior finishes also include vinyl flooring, and the building has a shingle roof.
The property is zoned Comm. The location offers access to downtown Augusta, the hospital, and the interstate. Interior finishes also include vinyl flooring, and the building has a shingle roof.
Key Highlights
- 1,237‑square‑foot office building on a 0.41‑acre lot
- Upper‑level studio with kitchenette, three‑quarter bathroom, and private exterior entrance
- Main floor includes reception, 2 private offices, kitchen, and half bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,486
Cap Rate
5.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$349,720
$349.7K
Cap Rate 7%
$249,800
$249.8K
Cap Rate 9%
$194,289
$194.3K
Market Conditions
NOI Build-Up for 1,237 SF
Gross rent
$26.7K $21.60/SF
− Vacancy
−$3.4K −$2.75/SF
EGI
$23.3K $18.85/SF
− OpEx
−$5.8K −$4.71/SF
NOI
$17.5K $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%
$349,720
Cap Rate 7%
$249,800
Cap Rate 9%
$194,289
Alternative Uses
Best Use
Office B
$249.8K
$218.6K – $291.4K
NOI $17,486 @ 7.0% cap · market cap 5.30%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$351.6K
$307.6K – $410.2K
NOI $24,610 @ 7.0% cap · market cap 7.46%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
36
Businesses Nearby
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
$197,600
Median Home Value
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Market
Average Price Trend$/SF for Office buildings in Kennebec County, ME
Properties on Market for Office buildings in Kennebec County
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office building - A separate upper-level studio has its own exterior entrance, kitchenette, and three-quarter bathroom.
Where is this office building located?
The property is located at 2386 N Belfast Avenue Augusta, ME.
What is the asking price?
The asking price for this property is $329,900.
What are key features of this property?
This property features: 1,237‑square‑foot office building on a 0.41‑acre lot; Upper‑level studio with kitchenette, three‑quarter bathroom, and private exterior entrance; Main floor includes reception, 2 private offices, kitchen, and half bathroom
