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    Property profile & analytics

    2 Bangor St Augusta, ME 04330-4724

    • Office buildings
    • 6,849 SF
    • 0.24 lot acres
    OFF-MARKET
    Value Estimation
    $320,000
    Location Intelligence
    Property ID
    US42-0063516
    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

    • Music Lessons Augusta ME / Musical Instrument Repair Shop / Music School
    • Musician's First Choice In / Musical Instrument Store
    • Rotary Music Instruction / Music Instructor
    • Augusta Recovery Reentry Center / Social Welfare Center
    • Greenhouse Games / Game Store

    Property Details for 2 Bangor St

    Year built
    1926
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.24 lot acres
    Property size
    6,849 SF
    Property type
    Office buildings
    APN
    AUGU M:00038 B:00207 L:00000
    APU
    AUGUM00038B00207L00000

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $290,000

    • CAP approach

      CAP return
      Estimation
      6%
      $410,000
      6.5%
      $365,000
      7%
      $425,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $350,000
      Geo Method
      $360,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $455,000
      Retail
      $375,000
      Mixed-Use
      $325,000
      Hospitality
      $405,000
      Educational
      $430,000
      Residential Income
      $385,000
      Energy
      $340,000
      Income-Based Land
      $330,000
      Food Service
      $410,000

    Location Insight

    • Map
    • Local Demand
    City
    Augusta
    County
    Kennebec
    State
    Maine
    Longitude
    -69.768
    Latitude
    44.3169
    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
    $10,826
    $163,800
    $307,700
    $471,500
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      30,168 SF

      2 Anthony Ave

      OFFICE BUILDING • 30,168 SF
      2 Anthony Ave, Augusta, ME 04330-9426
      View Details
    • Value Estimation by Request
      11,475 SF

      160 Capitol St

      OFFICE BUILDING • 11,475 SF
      160 Capitol St, Augusta, ME 04330-6835
      View Details
    • Value Estimation
      $875,000
      9,540 SF

      125 Community Dr

      OFFICE BUILDING • 9,540 SF
      125 Community Dr, Augusta, ME 04330-8156
      View Details
    • Value Estimation
      $360,000
      8,564 SF

      841 Riverside Dr

      OFFICE BUILDING • 8,564 SF
      841 Riverside Dr, Augusta, ME 04330-8302
      View Details
    • Value Estimation
      $315,000
      3,072 SF

      26 Ganneston Dr

      OFFICE BUILDING • 3,072 SF
      26 Ganneston Dr, Augusta, ME 04330-6243
      View Details
    • Value Estimation
      $270,000
      1,680 SF

      1 Higgins St

      OFFICE BUILDING • 1,680 SF
      1 Higgins St, Augusta, ME 04330-6312
      View Details

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    Similar Nearby for Lease

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      Adaptable office space in a highly visible, convenient location.
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      Augusta Office Suites For Rent

      Office suites available in downtown Augusta, Maine.
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      Prime Augusta Creative Office Space

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    2 Bangor St
    Augusta, ME 04330-4724
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    Realmo Value Estimation

    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.

    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.

    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
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