Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    45 Commerce Ctr Dr Augusta, ME 04330
    Back to Search
    Property profile & analytics

    45 Commerce Ctr Dr Augusta, ME 04330

    View on Map
    • Office properties & Spaces
    • 304,200 SF
    • 40.59 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office properties & Spaces

    Property Details for 45 Commerce Ctr Dr

    Year built
    1980
    Lot size
    40.59 lot acres
    Property size
    304,200 SF
    Property type
    Office properties & Spaces

    Description

    This exceptional Class A office property, the Central Maine Commerce Center, offers a prime opportunity for businesses seeking executive-level space in Augusta, Maine. Located at 45 Commerce Center Drive, this single-story building boasts 304,200 square feet of total space, with multiple suites available. The property features a minimum divisible space of 3,926 square feet and a maximum contiguous space of 23,275 square feet, providing flexibility for various business needs. Built in 1980 and extensively renovated in 2006, the building maintains a high standard of quality and modern amenities. The ample 1,425 parking spaces ensure convenient access for employees and clients. Situated on a generous 40.59 acres of land, the property is zoned IA - Industrial Zone and identified by APN 1/38, 237 & 244 in Kennebec County. The building comprises four total suites, offering a range of sizes to accommodate different business requirements. This prestigious location provides easy access to major transportation routes and essential amenities, making it an ideal location for businesses seeking a professional and efficient work environment. The property's modern design and extensive parking make it a highly desirable location for businesses of all sizes. Contact us today to explore the available suites and secure your ideal office space in this sought-after Augusta location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Augusta
    County
    Kennebec
    State
    Maine
    Longitude
    -69.8013
    Latitude
    44.367

    Comparable in this City

    • Value Estimation by Request
      19,028 SF

      264 Civic Center Dr

      Office Units • 19,028 SF
      264 Civic Center Dr, Augusta, ME 04330
      View Details
    • Value Estimation by Request
      18,000 SF

      6 Pond Rd

      Flex space • 18,000 SF
      6 Pond Rd, Sidney, ME 04330
      View Details
    • Value Estimation by Request
      14,862 SF

      314-320 Water St St

      Office properties & Spaces • 14,862 SF
      314-320 Water St St, Augusta, ME 04330
      View Details
    • Value Estimation by Request
      1,232 SF

      412 Western Ave

      Mixed-use properties • 1,232 SF
      412 Western Ave, Augusta, ME 04330
      View Details
    • Value Estimation by Request
      1,676 SF

      86 Western Avenue Pl

      Office properties & Spaces • 1,676 SF
      86 Western Avenue Pl, Augusta, ME 04330
      View Details
    • Value Estimation
      $850,000
      11,592 SF

      5 Community Dr, Unit A1

      CONDOMINIUM OFFICES • 11,592 SF
      5 Community Dr, Augusta, ME 04330-8087
      View Details

    Similar Nearby for Sale

    • $950,000
      18,952 SF

      Prime Augusta Gas Station & Office Building

      Historic Augusta commercial property, high rental income.
      191 Water St, Augusta, ME 04330
      View Details
    • Contact for pricing
      5,072 SF

      Prime Commercial Lot with Church

      One-acre commercial lot with church overlooking Kennebec River.
      2 Howard St, Augusta, ME 04330
      View Details
    • $475,000
      1.00 Acre

      Prime Commercial Land Overlooking Kennebec

      One-acre commercial lot with river views in Augusta, Maine.
      2 Howard St, Augusta, ME 04330
      View Details
    • Contact for pricing
      18,407 SF

      Medical Office Building For Sale

      Class A medical office building fully leased to MaineGeneral Medical
      21 Enterprise Dr, Augusta, ME 04330
      View Details
    • $475,000
      2,988 SF

      Augusta Commercial Property Overlooking Kennebec

      Prime commercial location with river views and development potential.
      2 Howard St, Augusta, ME 04330
      View Details
    • $599,000
      10,786 SF

      Augusta Commercial Investment Opportunity

      Two buildings on one property with income and flexibility.
      2 Bangor Street Pl, Augusta, ME 04330
      View Details

    Similar Nearby for Lease

    • $15 SF/Yr
      44,835 SF

      Augusta Office Space For Lease

      Prime Augusta office, 1,247 sq ft.
      1 Weston St, Augusta, ME 04330
      View Details
    • Contact for pricing

      Office/Retail Space on Civic Center

      Office/Retail space available on heavily traveled Civic Center Drive.
      264 Civic Center Dr, Augusta, ME 04330
      View Details
    • Contact for pricing

      Spacious Office with Flexible Layout

      Adaptable office space in a highly visible, convenient location.
      4 Water St, Augusta, ME 04330
      View Details
    • $13 SF/Yr
      3,065 SF

      Augusta Office Suites For Rent

      Office suites available in downtown Augusta, Maine.
      1 Weston Ct, Augusta, ME 04330
      View Details
    • Contact for pricing

      Single-Floor Office Building For Lease

      Single-floor office building for lease in Augusta, Maine.
      28 Meadow Rd, Augusta, ME 04330
      View Details
    • Contact for pricing
      7,525 SF

      Office/Retail Space Near I-95

      Office or retail space with highway visibility and ample parking.
      264 Civic Center Dr, Augusta, ME 04330
      View Details
    Request Owner's contact information
    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.
    45 Commerce Ctr 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
    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

    Thank You for Inquiry
    45 Commerce Ctr Dr, Augusta, ME, 04330
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!