2386 North Belfast Avenue Augusta, ME 04330
Well-maintained two-story office building with flexible layouts, reception space, and separate second-floor studio entry.
Property Features for 2386 North Belfast Avenue
General Information
- Standard status
- Active
- Size
- 1,237 SF
- Property subtype
- Office
Building Details
- Year Built
- 1939
Listing office Sprague & Curtis Real Estate (207) 623-1123
Listing date Apr 21, 2026
Source Xome
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Investment Insights
Based on property information with market context.
Located at 2386 North Belfast Avenue in Augusta, the property is positioned for visibility and exposure in a high-traffic area. The offering also includes ample parking and strong curb appeal, with convenient access to downtown, the hospital, the interstate, and local amenities.
For tenants, owners, or investors seeking an office property with multiple functional spaces, the building’s combination of reception and private offices on the first floor, along with the self-contained second-floor studio setup, can support everything from professional services to administrative operations. The maintained condition and documented improvements over the years add practicality for an owner-occupant or a buyer looking for a professional office asset with adaptable configuration possibilities.
Key Highlights
- Well‑maintained two‑story office building built in 1939
- First‑floor office includes reception area, 2 private offices, kitchen, 1/2 bath, and hardwood flooring
- Second‑floor studio space with kitchenette and 3/4 bath, plus a private exterior entrance
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $26.7k | $21.60 |
| − Vacancy | −$3.4k | −$2.75 |
| EGI | $23.3k | $18.85 |
| − OpEx | −$5.8k | −$4.71 |
| NOI | $17.5k | $14.14 |
