Office Building with Private
For Sale
$300,000
69 Sewall Street, Augusta, ME 04330
The property is across from the Muskie Federal Building and within walking distance of state capital buildings.
Property Size1,888 SF
Price / SF$158.90
Days on Market1052
Property Features for 69 Sewall Street
General Information
Standard status
Active
Size
1,888 SF
Property subtype
Commercial
Zoning
CB
Additional Details
Condition
Move-in Ready
Property Use
Office
Taxes and HOA fees
Annual Taxes
$5,322
Building Details
Building Size
1,888 SF
Year Built
1916
Stories
2
Listing Agency:
Your Home Sold Guaranteed Realty
(207) 629-9211
Listed By:
Amy Wastella
(207) 877-1107
Source:
Amerorealty
Added: Dec 15, 2023
Changed: Oct 31
Last Checked: Oct 31 at 2:25PM
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 1,888-square-foot office building at 69 Sewall Street was built in 1916 and has CB zoning. A private parking lot and a new roof are among its existing features.
The property faces the Muskie Federal Building and is within walking distance of state capital buildings in Augusta, Maine.
The property faces the Muskie Federal Building and is within walking distance of state capital buildings in Augusta, Maine.
Key Highlights
- 1,888‑square‑foot office building
- Private parking lot
- New roof
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,689
Cap Rate
8.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$533,780
$533.8K
Cap Rate 7%
$381,271
$381.3K
Cap Rate 9%
$296,544
$296.5K
Market Conditions
NOI Build-Up for 1,888 SF
Gross rent
$40.8K $21.60/SF
− Vacancy
−$5.2K −$2.75/SF
EGI
$35.6K $18.85/SF
− OpEx
−$8.9K −$4.71/SF
NOI
$26.7K $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%
$533,780
Cap Rate 7%
$381,271
Cap Rate 9%
$296,544
Alternative Uses
Best Use
Office B
$381.3K
$333.6K – $444.8K
NOI $26,689 @ 7.0% cap · market cap 8.90%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$2.82M
$2.46M – $3.29M
NOI $197,170 @ 7.0% cap · market cap 65.72%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,235
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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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office building - The property is across from the Muskie Federal Building and within walking distance of state capital buildings.
Where is this office building located?
The property is located at 69 Sewall Street Augusta, ME.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: 1,888‑square‑foot office building; Private parking lot; New roof
