$299,000 2,872 SF

16 E Chestnut St, Augusta, ME 04330
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This stunning 3,436 square foot Queen Anne style office building, constructed in 1892, is a registered National Historic Landmark located at 16 E Chestnut Street in Augusta, Maine. The property sits on a 0.28-acre corner lot with frontage on both East Chestnut and St. Catherine Streets, within the BP zoning district. Currently configured as a medical office, the building features several private consultation rooms, a spacious reception area, and administrative offices. The second and third floors each include bathrooms and were previously used as apartments

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?

$6k

Tax billed · 2023

Assessed value$277k

Assessed land$70k

Assessed improvement$207k

Effective rate2.30%

Value estimate

· Nov 2026

$245k

$221k – $270k

AI approach$245k

NOI build-up

Gross scheduled income$124k

Vacancy & credit loss−$16k

Operating expenses−$27k

NOI · 27.07% cap applied$81k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?

$80/SF

ZIP average, outlier-cleaned · 18 recorded sales of this use type

Observed band · Q1–Q3$49 – $117

Cap rate analysis

How does the asset earn?

27.07%

$81k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionAUGUSTA

Location intelligence

Which uses thrive at this corner?

Best fit: Realty agency

Demand heat for this use is drawn on the map · LocInt grid

Demand index

Realty agency10.8

Building Supply9.7

Electrical Service9.5

16 E Chestnut St Augusta, ME 04330

County assessor Recorded deeds · 1 transfer Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

5 recorded sales · 12 properties nearby

Address Sale price Sold Size

11 Middle, Augusta, ME 04330-5210 $200,000 Mar 2024 3,194 SF

3 Sarahs, Augusta, ME 04330-7761 $1,587,687 Dec 2023 5,950 SF

147 Riverside, Augusta, ME 04330-4100 $520,000 Dec 2023 7,224 SF

2310 Belfast, Augusta, ME 04330-8206 $2,171,676 Oct 2023 14,600 SF

59 Davenport, Augusta, ME 04330-5812 $265,000 Apr 2023 2,083 SF

Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.

Comparable nearby

Value Estimation
$195,000

2,858 SF

37 Sewall St

OFFICE/RESIDENTIAL (MIXED USE)

37 Sewall St, Augusta, ME 04330-7313

View Details
Value Estimation
$200,000

2,332 SF

161-163 Water St

OFFICE/RESIDENTIAL (MIXED USE)

161-163 Water St, Augusta, ME 04330

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Value Estimation
$220,000

2,328 SF

2002 Belfast Ave

OFFICE/RESIDENTIAL (MIXED USE)

2002 Belfast Ave, Augusta, ME 04330-4372

View Details
Value Estimation
$200,000

3,600 SF

741 Riv Rd

OFFICE/RESIDENTIAL (MIXED USE)

741 Riv Rd, Augusta, ME 04330

View Details
Value Estimation
$190,000

3,778 SF

111 Commercial St

OFFICE/RESIDENTIAL (MIXED USE)

111 Commercial St, Augusta, ME 04330-4604

View Details
Value Estimation
$200,000

2,170 SF

17 Worcester St

OFFICE/RESIDENTIAL (MIXED USE)

17 Worcester St, Augusta, ME 04330-6128

View Details

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16 E Chestnut St Augusta, ME 04330

Property summary