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Property profile & analytics
FOR LEASE
Office buildings
45 Commerce Dr Augusta, ME 04330
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US42-0099453
For Lease
1 / 3
$14 SF/Yr
45 Commerce Dr, Augusta, ME 04330
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1980
Construction
STEEL FRAME
Total area
302,400 SF
Lot
24.18 ac (1,053,281 SF)
APN
AUGU M:00001 B:00038 L:00000
UPID
US42-0099453
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Tyler Technologies (Bike/Boat/Book/etc) Store Corporate Office
-
Augusta training Training Center
-
Unisys Corporation IT Consulting Firm (Bike/Boat/Book/etc) Store
-
Maine Emergency Medical Services Public Health Department
-
Human Resources Office State Government Office Social Services Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$18.67M
Blend (final)
Blend
$18.00M
Owner & transaction history
Milton 45 Commerce Dr LLC · 3 yrs held
Milton 45 Commerce Dr LLC
since 2023
Last sale
$18.5M
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Augusta submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Augusta submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$16,830,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$25,395,000
Current use
RETAIL STORES
$25,100,000
Change: -1% · Conversion: Moderate
COMMERCIAL (GENERAL)
$24,230,000
Change: -5% · Conversion: Easy
Blend value · Realmo final
$18.00M
Range $16.20M – $19.79M · ±10% · vs last sale $18.50M (Feb 14 2023)
Last sale anchor
$18.50M
Feb 14 2023
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$60 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$470,457
Tax year 2023
Assessed value
$20,490,300
Assessed 2023
Previous assessed
$20,490,300
+0.0% YoY
Effective rate
2.30%
On assessed value
Assessed land
$2,543,900
Assessed improvement
$17,946,400
Applied tax rate
2,100.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1980
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
1
Total area
302,400 SF
Lot
24.18 ac (1,053,281 SF)
APN
AUGU M:00001 B:00038 L:00000
UPID
US42-0099453
Jurisdiction
AUGUSTA
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$25.4M
RETAIL STORES
Est. value
$25.1M
COMMERCIAL (GENERAL)
Est. value
$24.2M
OFFICE BUILDING Current
RETAIL STORES
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1980
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
1
Lot
24.18 ac
Current owner
From public records · entity-resolved
Milton 45 Commerce Dr LLC
Entity
Mailing address
45 COMMERCE DR, AUGUSTA, ME 04330-7889
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 3, 2024
—
Milton 45 Commerce Dr LLC
—
Deed
related
$5,000,000 · Mizzen Capital II LP
Feb 14, 2023
$18,500,000
Milton 45 Commerce Dr LLC
Ctrl Me Commerce Ctr LP
Quit Claim Arm's Length For Ne States
$7,400,000 · Tbk Bank Ssb
Feb 7, 2023
—
Central Me Commerce Ctr
—
Deed
related
$16,000,000 · Androscoggin Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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