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    Property profile & analytics

    286 Water St Augusta, ME 04330

    • Office buildings
    • 76,510 SF
    • 0.37 lot acres
    For Lease
    View listing
    $12 SF/Yr
    Value Estimation
    Location Intelligence
    Property ID
    US42-0061892
    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

    • State of Maine: Health Inspection Program / State Government Office / Public Health Department
    • Health Engineering Division / Department Of Transportation
    • Dr. Molly Schwenn / Doctor
    • Maine Center for Disease Control and Prevention / Government Office
    • Radon Levels for Maine / Information Services

    Property Details for 286 Water St

    Year built
    1988
    Construction
    STEEL FRAME
    Lot size
    0.37 lot acres
    Property size
    76,510 SF
    Property type
    Office buildings
    APN
    AUGU M:00034 B:00051 L:00000
    APU
    AUGUM00034B00051L00000

    Description

    This exceptional Class A property at 286 Water Street in Augusta offers 76,510 square feet of prime commercial space, ideal for a variety of uses. Currently, there are 23,571 square feet of vacant space available, divisible into units ranging from a minimum of 5,834 square feet to a maximum contiguous space of 12,199 square feet. Three spaces are immediately available, ranging from 5,538 to 12,199 square feet. The building, constructed in 1988, boasts a desirable location in the heart of downtown Augusta, with ample on-site parking. The flexible floor plan allows for customization to suit diverse business needs, including retail, restaurant, or office tenants. First-floor spaces, ranging from 5,834 to 11,372 square feet, benefit from large windows and street-level access, creating excellent visibility and accessibility. The second floor offers a contiguous 12,199 square feet of office space. A charming courtyard provides the potential for outdoor seating, adding a unique amenity to the property. The property is zoned KBD1 - Kennebec Business 1, ensuring a wide range of permitted uses. This is a rare opportunity to secure high-quality commercial space in a thriving downtown location. Inquire today to learn more about leasing options and explore the possibilities this exceptional property offers.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Augusta
    County
    Kennebec
    State
    Maine
    Longitude
    -69.7744
    Latitude
    44.3152
    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
    $168,157
    $208,900
    $7,115,000
    $7,323,900
    -
    $0.00
    $0.00
    $0.00

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    Augusta, ME 04330
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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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