Mixed-Use Property with Detached
For Sale
$550,000
405 Western Avenue, Augusta, ME 04330
A 1.3-acre in-town parcel combines a residence with a detached garage, barn, paved circular drive, and frontage on two roads.
Property Size1,779 SF
Lot Size1.30 Acres
Price / SF$309.16
Days on Market120
Property Features for 405 Western Avenue
General Information
Standard status
Active
Size
1,779 SF
Lot size
1.30 Acres
Property subtype
Mixed Use
Additional Details
Road Access
Yes
Property Use
Office
Taxes and HOA fees
Annual Taxes
$4,351
Building Details
Building Size
1,779 SF
Year Built
1780
Listing Agency:
Your Home Sold Guaranteed Realty
Listed By:
Nathan Laflin
(207) 629-9211
Source:
Hoangrealty
Added: Jul 5
Changed: Oct 27
Last Checked: Oct 31 at 7:41PM
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 Your Home Sold Guaranteed Realty
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Investment Insights
Based on property information with market context.
This mixed-use property pairs a residence with a detached garage and barn on a 1.3-acre site. The home includes three upstairs bedrooms, a full bath, and wood floors in much of the interior. On the first floor, a separate room can serve as an office or den; a half bath and laundry are also located on this level. Living and dining rooms provide additional interior space. A rear deck faces the backyard, which includes lawn, mature trees and shrubs, and landscaping.
The property fronts both Western Avenue and Winthrop Road in Augusta, Maine. A paved circular driveway provides on-site parking. The garage and barn offer additional enclosed space, while the first-floor room creates a distinct area for office use within the residence.
The property fronts both Western Avenue and Winthrop Road in Augusta, Maine. A paved circular driveway provides on-site parking. The garage and barn offer additional enclosed space, while the first-floor room creates a distinct area for office use within the residence.
Key Highlights
- 1.3‑acre parcel with frontage on Western Avenue and Winthrop Road
- Residence has three upstairs bedrooms and a full bath
- First‑floor office or den, half bath, and laundry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,148
Cap Rate
4.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$502,960
$503.0K
Cap Rate 7%
$359,257
$359.3K
Cap Rate 9%
$279,422
$279.4K
Market Conditions
NOI Build-Up for 1,779 SF
Gross rent
$38.4K $21.60/SF
− Vacancy
−$4.9K −$2.75/SF
EGI
$33.5K $18.85/SF
− OpEx
−$8.4K −$4.71/SF
NOI
$25.1K $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%
$502,960
Cap Rate 7%
$359,257
Cap Rate 9%
$279,422
Alternative Uses
Best Use
Office B
$359.3K
$314.4K – $419.1K
NOI $25,148 @ 7.0% cap · market cap 4.57%
Second Best
Mixed Use
$262.2K
$229.4K – $305.9K
NOI $18,353 @ 7.0% cap · market cap 3.34%
Theoretical Best
Warehouse
$2.65M
$2.32M – $3.10M
NOI $185,787 @ 7.0% cap · market cap 33.78%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
884
Businesses Nearby
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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?
Mixed-use property - A 1.3-acre in-town parcel combines a residence with a detached garage, barn, paved circular drive, and frontage on two roads.
Where is this mixed-use property located?
The property is located at 405 Western Avenue Augusta, ME.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: 1.3‑acre parcel with frontage on Western Avenue and Winthrop Road; Residence has three upstairs bedrooms and a full bath; First‑floor office or den, half bath, and laundry
