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Property profile & analytics
OFF-MARKET
Estimated value
$1,675,000
Office buildings
83 Anthony Ave Augusta, ME 04330-7880
Entity Owned
~
Est. High Equity
Property ID
US42-0058355
Property summary
AI-generated overview
This exceptional Augusta, Maine industrial property presents a compelling investment opportunity. The 19,188 square foot flex/warehouse building, constructed in 1996, sits on a 4.28-acre lot and boasts a 10% cap rate, generating a net operating income (NOI) of $234,979. Currently 100% occupied by a long-term tenant (Spectrum) under a net lease, the property offers significant income potential. The lease extends to October 31, 2025, with two two-year renewal options, potentially extending occupancy to October 31, 2029. The building features a 12-foot ceiling height, one loading dock, and ample on-site parking exceeding 100 spaces, plus a fenced storage yard. The property is zoned IA - Industrial, offering flexibility for various uses. This Class B building represents a strong owner-user or investment opportunity with a sale price of $2,350,000, translating to a price per square foot of $122.47. The Avangrid Foundation is the current owner. This is a single-story building with a second story. The property is located at 83 Anthony Ave, Augusta, ME 04330.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1996
Construction
STEEL FRAME
Total area
19,188 SF
Lot
4.28 ac (186,437 SF)
APN
AUGU M:0005A B:0066A L:00000
UPID
US42-0058355
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.73M
Blend (final)
Blend
$1.68M
Owner & transaction history
83 Anthony Ave LLC
83 Anthony Ave LLC
since 2025
Last sale
$1.7M
1 recorded transaction
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
by Request
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
$1,610,000
Current use
RETAIL STORES
$1,595,000
Change: -1% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,535,000
Change: -5% · Conversion: Easy
Blend value · Realmo final
$1.68M
Range $1.51M – $1.84M · ±10% · vs last sale $1.68M (Jul 31 2025)
Last sale anchor
$1.68M
Jul 31 2025
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
$87 / 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
$43,688
Tax year 2023
Assessed value
$1,902,800
Assessed 2023
Previous assessed
$1,902,800
+0.0% YoY
Effective rate
2.30%
On assessed value
Assessed land
$363,200
Assessed improvement
$1,539,600
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
Off-Market
Year built
1996
Construction
STEEL FRAME
Heating
BASEBOARD
Buildings
1
Stories
2
Units
1
Bathrooms
1
Total area
19,188 SF
Lot
4.28 ac (186,437 SF)
APN
AUGU M:0005A B:0066A L:00000
UPID
US42-0058355
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
$1.6M
RETAIL STORES
Est. value
$1.6M
COMMERCIAL (GENERAL)
Est. value
$1.5M
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
1996
Construction
STEEL FRAME
Heating
BASEBOARD
Stories
2
Buildings
1
Units
1
Bathrooms
1
Lot
4.28 ac
Current owner
From public records · entity-resolved
83 Anthony Ave LLC
Entity
Mailing address
83 EDISON DR, AUGUSTA, ME 04336-0002
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 31, 2025
$1,675,000
83 Anthony Ave LLC
Avangrid Foundation INC
Warranty Deed
$1,580,000 · Kennebec Savings 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.
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