Mixed-Use Property with Detached
For Sale
$649,900
405 Western Avenue, Augusta, ME 04330
Commercial Sale, Augusta, ME
Property Size1,779 SF
Lot Size1.30 Acres
Price / SF$365.32
Days on Market47
Property Features for 405 Western Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Regional Bus. CC
Rooms
Basement
Basement
Unfinished, Full
Lot features
Near Turnpike/ Interstate, Near Shopping
Standard status
Active
Size
1,779 SF
Lot size
1.30 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
4351
Utilities
Sewer type
Public Sewer
Heating system
Oil, Hot Water(Heating), Baseboard
Water source
Public
Building Details
Year built
1780
Flooring type
Laminate, Vinyl, Wood, Carpet
Building materials
Wood Frame, Vinyl Siding, Wood Siding
Roof type
Shingle
Listing Agency:
Your Home Sold Guaranteed Realty
(207) 629-9211
Listed By:
Nathan Laflin
(207) 629-9211
Added: Jul 6
Changed: Aug 19
Last Checked: Aug 21 at 1:06PM
MLS# 1670306
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.
Investment Insights
Based on property information with market context.
This mixed-use property combines a 1,779-square-foot residence with features suited to live-work or approved commercial use. The first floor includes a living room, dining room, office or den, and half bath with laundry. Three bedrooms and a full bath are located upstairs. Wood flooring appears throughout much of the interior, complemented by laminate, carpet, and vinyl surfaces.
The 1.3-acre parcel fronts both Western Avenue and Winthrop Road in Augusta, providing access from two roads. A paved circular driveway supplies on-site parking, while the detached garage and barn offer additional storage or workshop space. The property also includes a rear deck, lawn, mature trees and shrubs, and established landscaping. Regional Bus. CC zoning, public water, and public sewer are documented.
The 1.3-acre parcel fronts both Western Avenue and Winthrop Road in Augusta, providing access from two roads. A paved circular driveway supplies on-site parking, while the detached garage and barn offer additional storage or workshop space. The property also includes a rear deck, lawn, mature trees and shrubs, and established landscaping. Regional Bus. CC zoning, public water, and public sewer are documented.
Key Highlights
- 1.3‑acre parcel with frontage on both Western Avenue and Winthrop Road
- 1,779‑square‑foot mixed‑use property with residential and commercial flexibility
- Detached garage and barn provide storage or workshop space
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$25,148
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.87%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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 3.87%
Second Best
Mixed Use
$262.2K
$229.4K – $305.9K
NOI $18,353 @ 7.0% cap · market cap 2.82%
Theoretical Best
Warehouse
$2.65M
$2.32M – $3.10M
NOI $185,787 @ 7.0% cap · market cap 28.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
884
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
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - The building includes a first-floor office or den, three bedrooms, and public water and sewer.
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 $649,900.
What are key features of this property?
This property features: 1.3‑acre parcel with frontage on both Western Avenue and Winthrop Road; 1,779‑square‑foot mixed‑use property with residential and commercial flexibility; Detached garage and barn provide storage or workshop space
