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    Property profile & analytics

    21 University Dr Augusta, ME 04330-8042

    • Individual retail properties
    • 1,200 SF
    • 0.42 lot acres
    OFF-MARKET
    Value Estimation
    $270,000
    Location Intelligence
    Property ID
    US42-0101017
    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

    • Kennebec Valley Wellness Spa / Beauty Salon / Wellness Center

    Property Details for 21 University Dr

    Year built
    1974
    Construction
    STEEL FRAME
    Lot size
    0.42 lot acres
    Property size
    1,200 SF
    Property type
    Individual retail properties
    APN
    AUGU M:0005A B:00009 L:00000
    APU
    AUGUM0005AB00009L00000

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $240,000

    • CAP approach

      CAP return
      Estimation
      6%
      $330,000
      6.5%
      $335,000
      7%
      $325,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $365,000
      Geo Method
      $335,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $285,000
      Retail
      $325,000
      Mixed-Use
      $310,000
      Hospitality
      $325,000
      Educational
      $285,000
      Residential Income
      $255,000
      Energy
      $270,000
      Income-Based Land
      $265,000
      Food Service
      $250,000

    Location Insight

    • Map
    • Local Demand
    City
    Augusta
    County
    Kennebec
    State
    Maine
    Longitude
    -69.795
    Latitude
    44.3418
    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
    $5,965
    $219,900
    $39,900
    $259,800
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $370,000
      10,745 SF

      499 Riverside Dr

      GYM, HEALTH SPA • 10,745 SF
      499 Riverside Dr, Augusta, ME 04330-3824
      View Details
    • Value Estimation
      $360,000
      7,400 SF

      994 Riverside Dr

      GYM, HEALTH SPA • 7,400 SF
      994 Riverside Dr, Augusta, ME 04330-8311
      View Details
    • Value Estimation
      $355,000
      4,680 SF

      725 Civic Ctr Dr

      GYM, HEALTH SPA • 4,680 SF
      725 Civic Ctr Dr, Augusta, ME 04330-7912
      View Details
    • Value Estimation by Request
      1.30 Acres

      29 Quaker Rd

      FINANCIAL BUILDING • 1.30 Acres
      29 Quaker Rd, Sidney, ME 04330-2303
      View Details
    • Value Estimation by Request
      139,383 SF

      53 Xing Way

      RETAIL STORES (PERSONAL SERVICES) • 139,383 SF
      53 Xing Way, Augusta, ME 04330-6101
      View Details
    • Value Estimation by Request
      26,910 SF

      150 State St

      FINANCIAL BUILDING • 26,910 SF
      150 State St, Augusta, ME 04330-7418
      View Details

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    Similar Nearby for Lease

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      Retail/Restaurant Building Near I-95

      3,257± SF retail/restaurant building with ample parking and roadside signage.
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      Retail Space in Augusta Center

      Retail space for lease in established Augusta shopping center.
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      Restaurant/Retail Space on Mount Vernon

      Turnkey restaurant/retail space in a high-traffic Augusta location.
      146 Mount Vernon Ave, Augusta, ME 04330
      View Details
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    21 University Dr
    Augusta, ME 04330-8042
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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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