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

    187 Riverside Dr Augusta, ME 04330-4133

    • Commercial real estate
    • 42,357 SF
    • 2.50 lot acres
    OFF-MARKET
    Value Estimations
    $1,620,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US42-0068596
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Hutchins Motors Inc. / Car Dealership
    • O'Connor Trucks / Car Dealership
    • JK Premier Bike / Motorcycle Shop

    Property Details for 187 Riverside Dr

    Year built
    1950
    Construction
    STEEL FRAME
    Lot size
    2.50 lot acres
    Property size
    42,357 SF
    Property type
    Commercial real estate
    APN
    AUGU M:00040 B:00026 L:00000
    APU
    AUGUM00040B00026L00000

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,064,000
      Market price range: $2.06M - $4.96M
      AI Estimate
      $1,895,000
      Market price range: $1.59M - $5.08M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Augusta
    County
    Kennebec
    State
    Maine
    Longitude
    -69.7618
    Latitude
    44.3289
    CBSA code
    12300
    CBSA name
    AUGUSTA-WATERVILLE, ME MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $44,372
    $400,000
    $1,532,600
    $1,932,600
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      4,033 SF

      1020 Weeks Mls Rd

      COMMERCIAL (GENERAL) • 4,033 SF
      1020 Weeks Mls Rd, Augusta, ME 04330-8507
      View Details
    • Value Estimation
      $7,125,000
      54,000 SF

      9 Marketplace Dr, Unit 23

      COMMERCIAL (GENERAL) • 54,000 SF
      9 Marketplace Dr, Augusta, ME 04330-8037
      View Details
    • Value Estimation
      $5,195,000
      168,000 SF

      485 Old Belgrade Rd

      COMMERCIAL (GENERAL) • 168,000 SF
      485 Old Belgrade Rd, Augusta, ME 04330-8061
      View Details
    • Value Estimation
      $2,385,000
      18,058 SF

      5 Senator Way

      COMMERCIAL (GENERAL) • 18,058 SF
      5 Senator Way, Augusta, ME 04330-5056
      View Details
    • Value Estimation
      $860,000
      18,700 SF

      47 Western Ave

      SHOW ROOM, WAREHOUSE • 18,700 SF
      47 Western Ave, Augusta, ME 04330-6326
      View Details
    • Value Estimation
      $3,905,000
      122,441 SF

      56 Western Ave

      COMMERCIAL (GENERAL) • 122,441 SF
      56 Western Ave, Augusta, ME 04330-6347
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      72.00 Acres

      Augusta Riverfront Land Lease

      72 acres, diverse zoning, river frontage.
      Riverside Dr, Augusta, ME 04330
      View Details
    • $1,299,000
      11,580 SF

      Augusta Commercial Property w/ Waterfront

      Prime Augusta location, large buildings, waterfront access.
      5 Reynolds Ln, Augusta, ME 04330
      View Details
    • $550,000
      18.82 Acres

      Augusta Commercial Land - 18.82 Acres

      Prime Augusta land, ideal for development. Excellent location & access.
      418 Civic Center Dr, Augusta, ME 04330
      View Details
    • Contact for pricing
      15.08 Acres

      Augusta, ME Multifamily Development

      15-Acre Site, 250 Units Approved
      375-391 Civic Center Dr, Augusta, ME 04330
      View Details
    • $1,200,000
      14,350 SF

      Augusta Office Building - Prime Location

      Class A Office Building, I-95 Access, Investment Opportunity
      125 Community Dr, Augusta, ME 04330
      View Details
    • $1,600,000
      3,257 SF

      Prime Augusta Restaurant Building

      High-traffic location, 3,257 sq ft, $1.6M
      123 Civic Center Dr, Augusta, ME 04330
      View Details

    Similar Nearby for Lease

    • $10 SF/Yr
      32,000 SF

      Prime Augusta Creative Office Space

      32,000 SF Creative Office in Augusta, ME
      36 Anthony Ave, Augusta, ME 04330
      View Details
    • $1,250 /Mo
      845 SF

      Retail Storefronts in Augusta, Maine

      Retail spaces for lease in vibrant Augusta neighborhood.
      257 Water St, Augusta, ME 04330
      View Details
    • Contact for pricing
      3,136,320 SF

      Commercial Land For Lease Augusta

      72-acre commercial land available for lease in Augusta, Maine.
      Riverside Dr, Augusta, ME 04330
      View Details
    • $5 SF/Yr
      10,192 SF

      Prime Kennebec County Warehouse

      10,192 SF Warehouse, 1.61 Acres
      50 Maple St, Augusta, ME 04330
      View Details
    • Contact for pricing
      1 SF

      Prime Augusta Development Land

      3.94 Acres, I-95 Visibility, Build-to-Suit
      53 Leighton Rd, Augusta, ME 04330
      View Details
    • $17 SF/Yr
      15,328 SF

      Class A Office Space Available

      Prime Augusta location, 3,500 SF, ample parking.
      151 Capitol St, 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.
    187 Riverside Dr
    Augusta, ME 04330-4133
    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

    Google sign-in failed. Please try again or use another login method.