Auto Repair Shop with
New
For Sale
$499,900
1094 Main Street, Sanford, ME 04073
Commercial Sale, Sanford, ME
Property Size3,760 SF
Lot Size0.30 Acres
Price / SF$132.95
Days on Market1
Property Features for 1094 Main Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Urban
Rooms
Basement
Basement
Partial
Lot features
Downtown
Standard status
Active
Size
3,760 SF
Lot size
0.30 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
3258
Utilities
Sewer type
Public Sewer
Heating system
Other (Heating), Forced Air
Water source
Public
Amenities
waste oil furnace
Building Details
Year built
1930
Number of units
1
Flooring type
Concrete
Building materials
Wood Frame, Concrete
Roof type
Shingle
Listing Agency:
Real Estate 2000 ME/NH
(207) 636-9996
Listed By:
Stephen Foglio Jr
(207) 432-0718
Added: Sep 3
Last Checked: Sep 3 at 9:06PM
MLS# 1679091
Copyright © 2026 Maine Listings. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This operating automotive property combines a repair facility with an auto sales component. The 3,760-square-foot property includes a 2,500-square-foot shop, four vehicle lifts, a waste oil furnace, and a front sales office. Concrete flooring supports the service area, while the building also includes a basement and forced-air heating.
Built in 1930, the wood-frame and concrete structure sits on 0.3 acres and has Urban zoning. Public water and public sewer serve the property. A shingle roof completes the existing improvements, providing a straightforward physical setup for continued automotive operations.
Built in 1930, the wood-frame and concrete structure sits on 0.3 acres and has Urban zoning. Public water and public sewer serve the property. A shingle roof completes the existing improvements, providing a straightforward physical setup for continued automotive operations.
Key Highlights
- 2,500‑square‑foot repair shop within a 3,760‑square‑foot property
- Four vehicle lifts and a waste oil furnace
- Front sales office with visibility from Main Street
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
4
Service bays
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Auto shop - Operating automotive service property with a front sales office and concrete work area.
Where is this auto shop located?
The property is located at 1094 Main Street 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 within a 3,760‑square‑foot property; Four vehicle lifts and a waste oil furnace; Front sales office with visibility from Main Street
