Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    7 Rdg Rd Augusta, ME 04330-6181

    • Specialty properties
    • 32,832 SF
    • 2.79 lot acres
    OFF-MARKET
    Value Estimations
    $1,420,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US42-0057884
    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

    • Volunteers of America / Community Center

    Property Details for 7 Rdg Rd

    Year built
    1997
    Construction
    FRAME
    Lot size
    2.79 lot acres
    Property size
    32,832 SF
    Property type
    Specialty properties
    APN
    AUGU M:00084 B:0002B L:00000
    APU
    AUGUM00084B0002BL00000

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS
      $1,870,000
      Current use
      INDUSTRIAL (GENERAL)
      $1,985,000
      Change: +6% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Augusta
    County
    Kennebec
    State
    Maine
    Longitude
    -69.8046
    Latitude
    44.3099
    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
    $0.00
    $540,000
    $2,300,400
    $2,840,400
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      3.20 Acres

      Belfast Ave

      CHARITABLE ORGANIZATION • 3.20 Acres
      Belfast Ave, Augusta, ME 04330
      View Details
    • Value Estimation by Request
      36.00 Acres

      2273 Belfast Ave

      CHARITABLE ORGANIZATION • 36.00 Acres
      2273 Belfast Ave, Augusta, ME 04330-8201
      View Details
    • Value Estimation by Request
      0.19 Acres

      23-25 Melville St

      CHARITABLE ORGANIZATION • 0.19 Acres
      23-25 Melville St, Augusta, ME 04330
      View Details
    • Value Estimation
      $1,045,000
      22,553 SF

      15 Chestnut St

      CHARITABLE ORGANIZATION • 22,553 SF
      15 Chestnut St, Augusta, ME 04330-5736
      View Details
    • Value Estimation
      $1,740,000
      45,957 SF

      37 Gray Birch Dr

      CHARITABLE ORGANIZATION • 45,957 SF
      37 Gray Birch Dr, Augusta, ME 04330-6105
      View Details
    • Value Estimation by Request
      6,229 SF

      18 Grn St

      CHARITABLE ORGANIZATION • 6,229 SF
      18 Grn St, Augusta, ME 04330-7428
      View Details

    Similar Nearby for Sale

    • $475,000
      2,988 SF

      Augusta Commercial Property Overlooking River

      One-acre commercial lot with well-maintained building and unmatched location.
      2 Howard St, Augusta, ME 04330
      View Details
    • $475,000
      1.00 Acre

      Augusta Commercial Lot Overlooking River

      One-acre commercial lot with prime location in Augusta, Maine.
      2 Howard St, Augusta, ME 04330
      View Details
    • $70,000
      0.51 Acres

      Augusta Building Lot in Neighborhood

      Half-acre building lot in established Augusta neighborhood with utilities.
      116 Fieldstone Dr, Augusta, ME 04330
      View Details
    • Contact for pricing
      0.22 Acres

      Augusta Land with River Views

      0.22-acre lot in Augusta, KBD2 zone, with Kennebec River views.
      Arsenal St, Augusta, ME 04330
      View Details
    • $1,200,000
      14,350 SF

      Augusta Office Building - Prime Location

      Class A Office Building, I-95 Access, Investment Opportunity
      125 Community Dr, Augusta, ME 04330
      View Details
    • $69,000
      1.05 Acres

      Waterfront Access Lot in Augusta

      1.05 acre lot with waterfront access on Three Cornered Pond.
      Lone Indian Trl, Augusta, ME 04330
      View Details

    Similar Nearby for Lease

    • $15 SF/Yr
      44,835 SF

      Augusta Office Space For Lease

      Prime Augusta office, 1,247 sq ft.
      1 Weston St, Augusta, ME 04330
      View Details
    • Contact for pricing

      Augusta Commercial Land Lease Opportunity

      Prime Augusta location, 0.83 acres, high visibility.
      400 Western Ave, Augusta, ME 04330
      View Details
    • $10 SF/Yr
      19,028 SF

      Prime Augusta Office Space

      7,525 SF Executive Office Suite Available
      264 Civic Center Dr, Augusta, ME 04330
      View Details
    • Contact for pricing
      6,000 SF

      Augusta Business Park Office Space

      6,000± SF office space for lease in Augusta Business Park.
      36 Anthony Ave, Augusta, ME 04330
      View Details
    • Contact for pricing
      3,900 SF

      Retail/Flex/Office Space in Augusta

      3,900± SF retail/flex/office space near State House.
      171 Capitol St, Augusta, ME 04330
      View Details
    • Contact for pricing
      3,400 SF

      Available Office Space in Augusta

      3,400± SF office space for lease near State House.
      11 Parkwood Dr, Augusta, ME 04330
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    7 Rdg Rd
    Augusta, ME 04330-6181
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!