Automotive Property with
991 Augusta Road, Belgrade, ME 04917
For Sale
$179,000
The site includes a garage with office space, a full bath, a drilled well, and a new septic system.
Property Size1,040 SF
Lot Size3.10 Acres
Price / SF$172.12
Days on Market766
Property Features for 991 Augusta Road
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Additional Details
Road Access
Automotive Uses
Real Estate Included
Taxes and HOA fees
Annual Taxes
Amenities
full bath
office
new septic system
drilled well
Building Details
Building Size
Year Built
Buildings
Stories
Listing Agency:
The Maine Real Estate Experience
(207) 345-2207
Listed By:
Lindsey Brann
(207) 441-9317
Source:
Integrityhomesrealestategroup
Added: Oct 7, 2024
Changed: Nov 11
Last Checked: Nov 11 at 2:16AM
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 The Maine Real Estate Experience
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This automotive property occupies 3.10+/- acres and includes a 26x40 garage built in 2010. The building has an office and a full bath, with a drilled well and new septic system serving the site. The property is currently approved and used as an automotive dealership; other commercial uses may be considered with town approval.
The site fronts Route 27, with 730'+/- of road frontage. Zoning is Rural 11.
The site fronts Route 27, with 730'+/- of road frontage. Zoning is Rural 11.
Key Highlights
- 3.10+/- acres with 730'+/- of road frontage on Route 27
- 26x40 garage built in 2010, with an office and full bath
- Currently approved and used as an automotive dealer
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,043
Cap Rate
5.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$200,860
$200.9K
Cap Rate 7%
$143,471
$143.5K
Cap Rate 9%
$111,589
$111.6K
Market Conditions
NOI Build-Up for 1,040 SF
Gross rent
$15.0K $14.40/SF
− Vacancy
−$629 −$0.60/SF
EGI
$14.3K $13.80/SF
− OpEx
−$4.3K −$4.14/SF
NOI
$10.0K $9.66/SF
Area
Kennebec County, ME
Vacancy
4.20%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$200,860
Cap Rate 7%
$143,471
Cap Rate 9%
$111,589
Alternative Uses
Best Use
Retail
$143.5K
$125.5K – $167.4K
NOI $10,043 @ 7.0% cap · market cap 5.61%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$295.6K
$258.6K – $344.9K
NOI $20,691 @ 7.0% cap · market cap 11.56%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
25
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 04917, ME
3,259
Population
2,261
Households
1.4
Avg Household Size
49
Median Age
46%
College-Educated
98%
High-School Grad
42.7 sq mi
ZIP Area
76
Density / Sq Mi
$86,021
Median Household Income
$41,846
Median Earnings
$868
Median Rent
$304,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Automotive properties in Kennebec County, ME
Properties on Market for Automotive properties in Kennebec County
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Automotive property - The site includes a garage with office space, a full bath, a drilled well, and a new septic system.
Where is this automotive property located?
The property is located at 991 Augusta Road Belgrade, ME.
What is the asking price?
The asking price for this property is $179,000.
What are key features of this property?
This property features: 3.10+/- acres with 730'+/- of road frontage on Route 27; 26x40 garage built in 2010, with an office and full bath; Currently approved and used as an automotive dealer
