Auto Repair Shop with Sales
New
For Sale
$499,900
1094 Main St, Sanford, ME 04073
Operating automotive facility with service lifts, a waste oil furnace, and front-of-building office space.
Property Size3,760 SF
Price / SF$132.95
Days on Market2
Property Features for 1094 Main St
General Information
Standard status
Active
Size
3,760 SF
Additional Details
Business Included
Yes
Amenities
4 lifts
waste oil furnace
Building Details
Year Built
1930
Buildings
1
Listing Agency:
Real Estate 2000 ME/NH
Listed By:
Stephen Foglio Jr
(207) 636-9996
Source:
Soldbymichaelthomas
Added: Sep 5
Last Checked: Sep 5 at 6:16AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Real Estate 2000 ME/NH
Investment Insights
Based on property information with market context.
This operating automotive property combines vehicle repair and auto sales in a facility with 3,760 square feet of property size. The 2,500-square-foot shop contains four lifts, a waste oil furnace, and overhead doors for service operations. A sales office occupies the front of the building, providing a dedicated area for vehicle sales and customer interaction.
Constructed in 1930, the property is located at 1094 Main Street in Sanford, Maine. The existing repair-shop and auto-sales configuration, along with the installed service equipment and front office, supports continued automotive use.
Constructed in 1930, the property is located at 1094 Main Street in Sanford, Maine. The existing repair-shop and auto-sales configuration, along with the installed service equipment and front office, supports continued automotive use.
Key Highlights
- 2,500‑square‑foot repair shop
- Four service lifts
- Waste oil furnace installed
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$45,661
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
9.13%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$913,220
$913.2K
Cap Rate 7%
$652,300
$652.3K
Cap Rate 9%
$507,344
$507.3K
Market Conditions
NOI Build-Up for 3,760 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$71.3K $18.96/SF
− Vacancy
−$6.1K −$1.61/SF
EGI
$65.2K $17.35/SF
− OpEx
−$19.6K −$5.20/SF
NOI
$45.7K $12.14/SF
Area
York County, ME
Vacancy
8.50%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$913,220
Cap Rate 7%
$652,300
Cap Rate 9%
$507,344
Alternative Uses
Best Use
Retail
$652.3K
$570.8K – $761.0K
NOI $45,661 @ 7.0% cap · market cap 9.13%
Second Best
Industrial
$553.9K
$484.7K – $646.2K
NOI $38,773 @ 7.0% cap · market cap 7.76%
Theoretical Best
Office A
$1.19M
$1.04M – $1.39M
NOI $83,433 @ 7.0% cap · market cap 16.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
251
Businesses Nearby
28k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 92%
Shops & Services 8%
McDonald's
Dining
21,370 visits/mo
0.4 miles
Dairy Queen
Dining
4,500 visits/mo
0.4 miles
Advance Auto Parts
Shops & Services
2,354 visits/mo
0.1 miles
Demographics for 04073, ME
17,283
Population
7,772
Households
2.2
Avg Household Size
41
Median Age
21%
College-Educated
90%
High-School Grad
37.7 sq mi
ZIP Area
458
Density / Sq Mi
$69,135
Median Household Income
$42,758
Median Earnings
$1,145
Median Rent
$259,500
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Auto shop - Operating automotive facility with service lifts, a waste oil furnace, and front-of-building office space.
Where is this auto shop located?
The property is located at 1094 Main St Sanford, ME.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: 2,500‑square‑foot repair shop; Four service lifts; Waste oil furnace installed
