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    Property profile & analytics

    534 Belgrade Rd Oakland, ME 04963

    • Commercial real estate
    • 10.74 lot acres
    For Lease
    View listing
    $8 SF/Yr
    Value Estimation
    $3,030,000
    Last Sale
    Sep 20, 2023
    $3,540,000
    Location Intelligence
    Property ID
    US42-0103121
    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

    • Commercial real estate

    Property Details for 534 Belgrade Rd

    Lot size
    10.74 lot acres
    Zone code
    NEIGHB
    Property type
    Commercial real estate
    APN
    OAKL M:011 L:046
    APU
    OAKLM011L046

    Description

    This exceptional Class A industrial warehouse, located at 534 Belgrade Rd, Oakland, ME 04963, offers 56,271 square feet of versatile space on a substantial 10.74-acre lot. Built in 1980 and extensively renovated in 2009, this single-story building boasts a 24-27 foot clear ceiling height, ideal for various industrial and distribution needs. The property features four loading docks and three drive-in doors, ensuring efficient loading and unloading operations. Power is supplied by a robust 3-phase, 2-service entrance system with 800 AMP and 400 AMP capacity. The property is situated in Kennebec County (APN: Map 11, Lot 046) and is currently configured as a single suite, although it is suitable for multiple tenants. This prime location offers easy access to major transportation routes, making it an attractive option for businesses seeking a high-quality, functional warehouse space in a strategic location. The property's size and features make it suitable for a wide range of industrial and distribution operations. Currently, 40,000 square feet is available for lease.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $2,720,000

    • CAP approach

      CAP return
      Estimation
      6%
      $3,355,000
      6.5%
      $3,355,000
      7%
      $3,670,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $3,325,000
      Geo Method
      $3,500,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $3,955,000
      Retail
      $3,565,000
      Mixed-Use
      $3,015,000
      Hospitality
      $3,135,000
      Educational
      $3,850,000
      Residential Income
      $3,030,000
      Energy
      $3,500,000
      Income-Based Land
      $3,950,000
      Food Service
      $3,335,000

    Location Insight

    • Map
    • Local Demand
    City
    Oakland
    County
    Kennebec
    State
    Maine
    Longitude
    -69.7592
    Latitude
    44.5214
    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
    $60,612
    $88,500
    $4,120,700
    $4,209,200
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request

      18 Ward Ave

      COMMERCIAL CONDOMINUIM
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      View Details
    • Value Estimation by Request

      18 Ward Ave, Unit F

      COMMERCIAL CONDOMINUIM
      18 Ward Ave, Oakland, ME 04963
      View Details
    • Value Estimation by Request

      415 Belgrade Rd

      SHOW ROOM, WAREHOUSE
      415 Belgrade Rd, Oakland, ME 04963
      View Details
    • Value Estimation by Request
      6.67 Acres

      8 Powell Ave

      COMMERCIAL (GENERAL) • 6.67 Acres
      8 Powell Ave, Oakland, ME 04963-4158
      View Details
    • Value Estimation by Request
      35,000 SF

      6 Highland Dr

      SHOW ROOM, WAREHOUSE • 35,000 SF
      6 Highland Dr, Oakland, ME 04963-5322
      View Details
    • Value Estimation by Request

      671 Smithfield Rd

      COMMERCIAL (GENERAL)
      671 Smithfield Rd, Oakland, ME 04963-4116
      View Details

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    534 Belgrade Rd
    Oakland, ME 04963
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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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