Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Prime Development Land in Augusta Title is generated by Realmo AI

    369 Civic Center Drive, Augusta, ME 04330

    View on Map
    Claim this Listing
    For Sale
    $550,000

    LAND - Augusta, ME

    Lot size:
    8.00 Acres
    Added:
    Apr 23, 2026
    Days on Market:
    23
    Last Refresh:
    May 15 at 2:06 pm

    Property Features for 369 Civic Center Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    PD
    Parking features
    Off Street
    Standard status
    Active
    Lot size
    8.00 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    3530

    Utilities

    Sewer type
    Private Sewer, Septic Tank
    Water source
    Private, Well

    We can help!

    Listing Contact
    Dennis Wheelock
    Dennis Wheelock

    Listing agent Dennis Wheelock License #BR921652

    Listing office Keller Williams Realty 50 Sewall Street, Portland, ME

    Listing date Apr 23, 2026

    MLS# 1636534 Listing URL

    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.

    Overview

    This 8+/- acre site is located on Civic Center Drive, a highly traveled retail and commercial corridor in central Maine. Zoned for Planned Development, the property offers flexibility for projects ranging from breweries, distilleries, and restaurants to retail, medical, banking, grocery, or residential apartments. The property is strategically located along Augusta's prime development corridor on Route 27, just under a mile from Exit 112 of the Maine Turnpike, providing visibility and access. Nearby landmarks include The Marketplace at Augusta, Augusta Civic Center, University of Maine, Walmart, Comfort Inn, Augusta Business Park, and MaineGeneral Medical Center. The property features an existing three-bedroom ranch, offering immediate use or potential interim income as plans take shape.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Auto Repair Shop Hair Salon Building Supply Dental Office Big Box & Wholesale Store Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Augusta
    County
    Kennebec
    State
    Maine
    Longitude
    -69.795356
    Latitude
    44.354675

    Nearby Similar for Sale

    • $525,000
      12,093 SF

      Versatile Commercial Building in Augusta

      12,000 sq ft commercial building on 1.04-acre lot.
      10 Pethaven Lane, Augusta, ME 04330
      View Details
    • $599,000
      10,786 SF

      Augusta Commercial Investment Opportunity

      Two buildings on one property with income and flexibility.
      2 Bangor Street, Augusta, ME 04330
      View Details
    • $379,900
      1,237 SF

      Well-Maintained Office Building in Augusta

      High-visibility office building with flexible layouts and ample parking.
      2386 N Belfast Avenue, Augusta, ME 04330
      View Details
    • $1,750,000
      13,446 SF

      Prime Augusta Commercial Office Building

      First-class office building with long-term tenants and high visibility.
      5 Community Drive, Augusta, ME 04330
      View Details
    • $875,000
      2,572 SF

      Prime Commercial Lot in Augusta

      1.1 acre commercial lot near Maine General and Augusta Civic Center.
      595-597 Civic Center Drive, Augusta, ME 04330
      View Details
    • $550,000
      1,152 SF

      Prime Augusta Development Opportunity

      8-acre commercial site in Augusta's dynamic retail corridor.
      369 Civic Center Drive, Augusta, ME 04330
      View Details
    • $949,999
      1,497 SF

      Profitable Monument Business Opportunity

      Established monument business for sale in Augusta, Maine.
      585 Riverside Drive, Augusta, ME 04330
      View Details
    • $375,000
      2,496 SF

      Victorian Multi-Family in Augusta, ME

      Three-unit building near shopping, restaurants, and medical facilities.
      20 Cedar Street, Augusta, ME 04330
      View Details
    • $450,000
      2,756 SF

      Versatile Mixed-Use Property in Augusta

      Multi-functional property with office, retail, and residential potential.
      59 Bangor Street, Augusta, ME 04330
      View Details
    • $475,000
      2,988 SF

      Augusta Commercial Property Overlooking Kennebec

      Prime commercial location with river views and development potential.
      2 Howard Street, Augusta, ME 04330
      View Details
    • $289,900
      2,747 SF

      Augusta Multifamily Federal-Style Residence

      Two-unit property in Augusta, ideal for owner-occupants or investors.
      69 Green Street, Augusta, ME 04330
      View Details
    • $179,000

      Commercial Land in Augusta, Maine

      0.96 acre commercial land, approved for two duplexes.
      490-497 Old Belgrade Road, Augusta, ME 04330
      View Details

    FAQs

    What type of property is this?
    Commercial land - 8+/- acre site on Civic Center Drive, Augusta, Maine.
    Where is this commercial land located?
    The property is located at 369 Civic Center Drive Augusta, ME.
    What is the asking price?
    The asking price for this property is $550,000.
    (207) 242-5588
    We can help!
    Listing Contact
    Dennis Wheelock
    Dennis Wheelock
    Real Estate License ID: BR921652
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    369 Civic Center Drive, Augusta, ME 04330
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!