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

    Lot B Bernier Road Sanford, ME 04073

    View on Map
    Claim this Listing
    For Sale
    $285,000

    Single - Sanford, ME

    Type:Single Family Residence
    Lot size:
    304,484.00 Acres
    Added:
    Aug 29, 2024
    Days on Market:
    610
    Last Refresh:
    Apr 30 at 12:06 am

    Property Features for Lot B Bernier Road

    General Information

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

    Taxes and HOA fees

    Tax Annual Amount
    79

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    John Caramihalis
    John Caramihalis

    Listing agent John Caramihalis

    Listing office Sanford, Maine 1293 Main Street Suite B, Keene, ME

    Listing date Aug 29, 2024

    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.

    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

    • $889,900
      17,568 SF

      Sanford Commercial Property For Sale

      Multi-building commercial property in Sanford, Maine, near Main St.
      6 Breary Avenue, Sanford, ME 04073
      View Details
    • $1,180,000
      7,288 SF

      Sanford Commercial Building For Sale

      7288 SF commercial building with retail and storage space.
      1306 Main Street, Sanford, ME 04073
      View Details
    • $3,600,000
      28,118 SF

      Sanford Commercial Investment Opportunity

      28,000+ sq ft office park near Main Street.
      1137 Main Street, Sanford, ME 04073
      View Details
    • $485,000
      2,370 SF

      Sanford Multifamily Property For Sale

      Two-unit property with full basement, enclosed porches, and parking.
      55 Tanguay Street, Sanford, ME 04073
      View Details
    • $300,000
      1,768 SF

      Classic Sanford Duplex Opportunity

      Over-under duplex with rental income potential in Sanford, Maine.
      91 Brook Street, Sanford, ME 04073
      View Details
    • $350,000

      20-Acre Land with Water Frontage

      20-acre land with water frontage on Littlefield Pond in Sanford.
      Elm Street, Sanford, ME 04083
      View Details
    • $125,000

      Sanford, ME Development Opportunity

      1.10 acre lot available for development in Sanford, Maine.
      Gatehouse Road lot: 2, Sanford, ME 04073
      View Details
    • $125,000

      Sanford, Maine Development Opportunity

      1.13 acre lot in prime southern Maine location.
      Gatehouse Road lot: 3, Sanford, ME 04073
      View Details
    • $125,000

      Sanford, ME Development Opportunity

      1.13 acre lot in southern Maine for development.
      Gatehouse Road lot: 1, Sanford, ME 04073
      View Details
    • $350,000

      Sanford Land Parcel on Route

      2.5 acre parcel with frontage on busy Route 109.
      R15-83 Main Street, Sanford, ME 04073
      View Details
    • $1,180,000
      7,288 SF

      Versatile Commercial Building with Retail

      7288 SF commercial building with retail and flexible space.
      1306 Main Street, Sanford, ME 04073
      View Details
    • $25,000

      Sanford Land For Sale

      0.23 acre lot near downtown Sanford, Maine.
      Dudley Street, 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 Road 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
    We can help!
    Listing Contact
    John Caramihalis
    John Caramihalis
    Learn More
    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.
    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!