Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    418 Civic Center Dr Augusta, ME 04330

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $550,000

    Prime Augusta land, ideal for development. Excellent location & access.

    Property Features for 418 Civic Center Dr

    General Information

    Property type
    Land
    Lot Size
    819,799 SF

    We can help!

    Listing Contact
    Chris Paszyc
    Chris Paszyc

    Listing Agency: The Boulos Company Listing Agent: Chris Paszyc

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    This exceptional 18.82-acre commercial and industrial land parcel, located at 418 Civic Center Drive in Augusta, Maine (APN 5/122), presents a unique development opportunity. Zoned PD - Planned Development District, this property offers significant potential for a variety of uses. The asking price is $550,000. The site boasts convenient access to Civic Center Drive, shared with the neighboring Tractor Supply Company, ensuring high visibility and easy ingress/egress. Its strategic location provides effortless access to Maine Turnpike Exit 112B, enhancing connectivity and accessibility. The surrounding area is thriving, with a diverse range of established businesses including The Furniture Gallery, Planet Fitness, Wendy's, Comfort Inn, 99 Restaurant, Fairfield Inn, the Department of Motor Vehicles, and the Social Security Administration, among others. This prime location offers excellent visibility and proximity to a strong customer base. This substantial acreage is ready for immediate development, making it an attractive investment for discerning buyers seeking a high-impact commercial or industrial project in a bustling Maine market. The property is owned by Greely Associates, LLC.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Real Estate Agency Restaurant Law Firm Building Supply Dental Office Auto Repair Shop Big Box & Wholesale Store Nail Salon Gym & Fitness Center Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Augusta
    County
    Kennebec
    State
    Maine
    Longitude
    -69.7974344
    Latitude
    44.3582063

    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 Ln, Augusta, ME 04330
      View Details
    • $1,750,000
      13,446 SF

      Prime Augusta Office Building Investment

      First-class commercial office building with long-term tenants and high visibility.
      5 Community Dr, Augusta, ME 04330
      View Details
    • $584,900
      5,856 SF

      Augusta Multifamily Investment Opportunity

      Two buildings, two mobile homes, potential for a ninth unit.
      202 Mount Vernon Ave, Augusta, ME 04330
      View Details
    • $475,000
      2,988 SF

      Augusta Commercial Property Overlooking River

      One-acre commercial lot with well-maintained building and unmatched location.
      2 Howard St, Augusta, ME 04330
      View Details
    • $475,000
      1.00 Acre

      Augusta Commercial Lot Overlooking River

      One-acre commercial lot with prime location in Augusta, Maine.
      2 Howard St, Augusta, ME 04330
      View Details
    • $390,000
      5,076 SF

      Classic Federal House in Augusta

      Commercially zoned property near downtown Augusta with potential options.
      8 Crosby Street Pl, Augusta, ME 04330
      View Details
    • $199,000
      1,536 SF

      Augusta Duplex with Rental History

      Two-unit residential building with spacious units and ample parking.
      19 Cumberland St, Augusta, ME 04330
      View Details
    • $379,900
      1,490 SF

      Versatile Commercial Property on Civic Center

      Adaptable property on a high-traffic commercial corridor.
      347 Civic Center Dr, Augusta, ME 04330
      View Details
    • New
      $295,000
      1,996 SF

      Augusta Multifamily Property with Garage

      Multifamily property featuring two units, garage, and recent renovations.
      21 Laurel St, Augusta, ME 04330
      View Details
    • New
      $246,900
      1,205 SF

      Augusta Duplex in Quiet Neighborhood

      Well-kept duplex near shopping, dining, and highway access.
      26 North St, Augusta, ME 04330
      View Details
    • $298,000
      1,992 SF

      Augusta Multifamily Greek Revival

      Two-unit multifamily property with garage near downtown Augusta, Maine.
      25 Washington Street Ext, Augusta, ME 04330
      View Details
    • New
      $1,100,000
      3,424 SF

      Augusta Multifamily Investment Opportunity

      Three-building portfolio with 12 units in Augusta, Maine.
      18 Crosby Street Pl, Augusta, ME 04330
      View Details

    FAQs

    What type of property is this?
    Land - Prime Augusta land, ideal for development. Excellent location & access.
    Where is this land located?
    The property is located at 418 Civic Center Dr 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: 18.82± acres of developable land.; Shared access to Civic Center Drive with Tractor Supply Co.; Convenient access to Maine Turnpike Exit 112B.
    Request Owner's contact information
    418 Civic Center Dr Augusta, ME 04330
    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.
    418 Civic Center Dr
    Augusta, ME 04330
    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
    418 Civic Center Dr Augusta, ME 04330
    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

    We can help!
    Listing Contact
    Chris Paszyc
    Chris Paszyc
    Real Estate License ID: BR913433
    Learn more
    Google sign-in failed. Please try again or use another login method.