Financial
Distress signals
Property profile

187 Washington St Auburn, ME 04210

FOR LEASE
Office buildings
Property ID
US42-0419541
7,380 SF 0.5 ac lot Built 1920
Last sale Apr 2018
Entity Owned Owner of record is a legal entity (LLC / corporation). 8-yr Hold Held for 8 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This exceptional 8,856-square-foot executive office building, located at 187 Washington Street in Auburn, Maine, presents a unique opportunity for owner-occupancy or investment. Situated on a 0.66-acre lot, this three-story building, constructed in 1920, boasts high visibility on Route 202, providing easy access to downtown Auburn and the Maine Turnpike. The entire building is currently vacant, offering immediate occupancy for a single tenant. The property is zoned as Commercial Form Based…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$9k
Tax billed · 2023
Assessed value$384k
Assessed land$68k
Assessed improvement$316k
Effective rate2.27%

Value estimate

· Sep 2026
$250k
$225k – $275k
AI approach$250k
NOI build-up
Gross scheduled income$191k
Vacancy & credit loss−$24k
Operating expenses−$63k
NOI · 2,089,840.00% cap applied$104k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$68/SF
County average, outlier-cleaned · 25 recorded sales of this use type
Observed band · Q1–Q3$35 – $95

Cap rate analysis

How does the asset earn?
2,089,840.00%
$104k estimated NOI · market benchmarks for this use type

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

Zoning insight

No data for this section
What can be built here?

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

JurisdictionAUBURN

Location intelligence

Which uses thrive at this corner?
Best fit: Restaurant
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Restaurant19.7
Wholesale Shop14.2
Auto Parts Store13.8

Location

187 Washington St Auburn, ME 04210
County assessor Recorded deeds · 2 transfers 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

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
259 Minot, Auburn, ME 04210-4810 $400,000 Feb 2025 2,064 SF
223 Main, Auburn, ME 04210-5833 $475,000 Jan 2025 3,917 SF
800 Ctr, Auburn, ME 04210-6404 $2,000,000 Jun 2024 9,000 SF
83 Pleasant, Auburn, ME 04210-5937 $575,000 Mar 2024 7,096 SF
9 Grv, Auburn, ME 04210-6027 $260,000 Sep 2023 2,624 SF
10 Minot, Auburn, ME 04210-4900 $487,500 Jun 2023 6,853 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
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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