Two-Story Office
For Sale
$329,900
2386 North Belfast Avenue, Augusta, ME 04330
Two distinct floors provide private offices, reception space, and a separate studio area.
Property Size1,237 SF
Price / SF$266.69
Days on Market175
Property Features for 2386 North Belfast Avenue
General Information
Standard status
Active
Size
1,237 SF
Property subtype
Office
Additional Details
Highway Access
Yes
Property Use
Office
Taxes and HOA fees
Annual Taxes
$3,920
Building Details
Building Size
1,237 SF
Year Built
1939
Buildings
1
Listing Agency:
Sprague & Curtis Real Estate
Listed By:
Lori Dube
(207) 623-1123
Source:
Hoangrealty
Added: May 12
Changed: Oct 27
Last Checked: Oct 31 at 2:21PM
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 Sprague & Curtis Real Estate
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Investment Insights
Based on property information with market context.
This 1,237-square-foot office building, constructed in 1939, is arranged across two floors. The first floor has an entry, reception area, two private offices, a kitchen, a half bathroom, and hardwood floors. Upstairs, a studio includes a kitchenette, a three-quarter bathroom, and its own exterior entrance. Interior access between the floors could be added through conversion.
The property is at 2386 North Belfast Avenue in Augusta, Maine, with access to downtown, a hospital, the interstate, and local amenities. Improvements have been made over the years, and the building has been maintained.
The property is at 2386 North Belfast Avenue in Augusta, Maine, with access to downtown, a hospital, the interstate, and local amenities. Improvements have been made over the years, and the building has been maintained.
Key Highlights
- 1,237 square feet across two floors
- First floor includes reception, 2 private offices, kitchen, and half bathroom
- Upper‑level studio has a kitchenette, 3/4 bathroom, and private exterior entrance
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
Warehouse
$1.85M
$1.61M – $2.15M
NOI $129,184 @ 7.0% cap · market cap 39.16%
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
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office building - Two distinct floors provide private offices, reception space, and a separate studio area.
Where is this office building located?
The property is located at 2386 North 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 feet across two floors; First floor includes reception, 2 private offices, kitchen, and half bathroom; Upper‑level studio has a kitchenette, 3/4 bathroom, and private exterior entrance
