Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • 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

    Lot B Bernier Rd Sanford, ME 04073

    Sponsored
    For Sale
    $285,000

    Single - Sanford, ME

    Type:Single Family Residence
    Lot size:
    304,484.00 Acres
    Days on Market:
    36
    Last Refresh:
    Jan 28 at 5:06 pm

    Property Features for Lot B Bernier Rd

    General Information

    Property type
    Land
    Property subtype
    Single Family Residence
    Standard status
    Active
    Lot size
    304,484.00 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    John Caramihalis
    John Caramihalis

    Better Homes and Gardens-The Masiello Group (800) 741-1540

    Listing agent John Caramihalis (207) 490-2900

    Listing date Dec 24, 2025

    MLS# 1602082 Listing URL

    Copyright © 2026 Better Homes and Gardens-The Masiello Group. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Sanford Land with Water Access

    This is a 6.9899908172635445-acre lot with water access to Estes Lake. The property offers wooded privacy and is located on a town-maintained dead-end road. Power is available on Bernier Road, and there are multiple access points with over 1000 feet of road frontage. The land, previously in tree growth, now presents a blank canvas for development. It borders land owned by the Maine Turnpike, which is designated to remain undeveloped.
    Location Intelligence

    Current Use by Public Records

    Land

    Map

    City
    Sanford
    County
    York
    State
    Maine
    Longitude
    -70.710473
    Latitude
    43.440392

    Nearby Similar for Sale

    • New
      $315,000
      1,489 SF

      Updated Duplex in Sanford, Maine

      Two-unit property with updates, ideal for owner-occupants or investors.
      44 Emery St, Sanford, ME 04073
      View Details
    • $3,600,000
      28,118 SF

      Sanford Office Park Investment

      28,000+ sq ft office park investment opportunity in Sanford.
      1137 Main St, Sanford, ME 04073
      View Details
    • New
      $315,000
      1,489 SF

      Updated Duplex in Sanford, Maine

      Two-unit property with updates, ideal for owner-occupants or investors.
      44 Emery St, Sanford, ME 04073
      View Details
    • New
      $374,900
      1,652 SF

      Turnkey Two-Unit Investment Opportunity

      Renovated two-unit property in Springvale with strong income potential.
      6 Harris St, Springvale, ME 04083
      View Details
    • $499,900
      4,048 SF

      Mixed-Use Investment Opportunity

      Mixed-use property with commercial space and apartments in downtown Sanford.
      446 Main St, Sanford, ME 04083
      View Details
    • $300,000
      1,768 SF

      Classic Sanford Duplex Opportunity

      Over-under duplex with rental income potential in Sanford, Maine.
      91 Brook St, Sanford, ME 04073
      View Details
    • $1,180,000
      7,288 SF

      Sanford Retail and Warehouse Space

      Retail and warehouse space with flexible heated and cold storage.
      1306 Main St, Sanford, ME 04073
      View Details
    • $5,500,000
      93,000 SF

      Established Retail Plaza For Sale

      98,282 +/- SF retail plaza in Sanford, Maine.
      1247 Main St, Sanford, ME 04073
      View Details
    • $599,900

      Multifamily Property Near Mousam River

      Four-unit multifamily property with strong rental history and recent updates.
      14 Pleasant St, Springvale, ME 04083
      View Details
    • $595,000

      Sanford Warehouse/Distribution Property for Sale

      9,500 SF warehouse/distribution property for sale in Sanford, Maine.
      103 River St, Sanford, ME 04073
      View Details
    • $4,950,000

      Warehouse, Storage, and Manufacturing Buildings

      Mix of buildings with laydown area and power generation.
      563 New Dam Rd, Sanford, ME 04073
      View Details
    • $599,000
      3,500 SF

      Sanford Office Building - Prime Location

      Modern Office Space, Ample Parking, High Visibility
      69 Eagle Dr, Sanford, ME 04073
      View Details

    FAQs

    What type of property is this?
    Land - Large lot with water access to Estes Lake.
    Where is this land located?
    The property is located at Lot B Bernier Rd Sanford, ME.
    What is the asking price?
    The asking price for this property is $285,000.
    What are key features of this property?
    This property features: - Water access to Estes Lake; - Large lot with wooded privacy; - Over 1000 feet of road frontage
    (207) 651-0242
    Request Owner's contact information
    Lot B Bernier Rd Sanford, ME 04073
    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.
    Lot B Bernier Rd
    Sanford, ME 04073
    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
    Lot B Bernier Rd Sanford, ME 04073
    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

    We can help!
    Listing Contact
    John Caramihalis
    John Caramihalis
    (207) 651-0242
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.