Building Details

Year Built 1940

Buildings 1

Building Size 1,144 SF

Listing Agency: Town Square Realty Group

Listed By: Stephen Cabana Show Phone

Source: Samonasgroup

Added: Aug 14 Changed: Oct 15 Last Checked: Oct 7 at 2:30PM

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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 Town Square Realty Group

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Investment Insights

Based on property information with market context.

Built in 1940, this 1,144-square-foot warehouse provides a straightforward storage configuration with one overhead garage door and a half bath. The building has heat, water, sewerage, and electricity, supporting continued storage use for contractor materials or recreational equipment. The property also includes a surveyed lot and backyard area.

Access to downtown and Route 4 adds convenience for property visits and local travel. The existing structure is presented as a storage building, with the source information also identifying possible conversion to a single-family home.

Key Highlights

• 1,144 SF storage building constructed in 1940
• One overhead garage door and half bath
• Heat, water, sewerage, and electricity in place

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$14,325

Cap Rate

8.95%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$286,500 $286.5K

Cap Rate 7%

$204,643 $204.6K

Cap Rate 9%

$159,167 $159.2K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,144 SF

Gross rent

$17.2K $15.00/SF

− Vacancy

−$307 −$0.27/SF

EGI

$16.9K $14.73/SF

− OpEx

−$2.5K −$2.21/SF

NOI

$14.3K $12.52/SF

Area

York County, ME

Vacancy

1.79%

Lease Rate

$15.00 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$286,500

Cap Rate 7%

$204,643

Cap Rate 9%

$159,167

Alternative Uses

Best Use

Warehouse

$204.6K

$179.1K – $238.8K (±1% cap)

NOI $14,325 @ 7.0% cap · market cap 8.95%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$362.6K

$317.3K – $423.1K (±1% cap)

NOI $25,385 @ 7.0% cap · market cap 15.87%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Warehouses

Suggested Use

Top Pick Real Estate Agency Building Supply Pharmacy Big Box & Wholesale Store Auto Repair Shop Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

1

Drive-in doors

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

328

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

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 Industrial in Northeast region

5.4% 2019

4.6% 2020

3.2% 2021

3.3% 2022

5.3% 2023

6.6% 2024

7.6% 2025

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Frequently Asked Questions

What type of property is this?

Warehouse - Compact storage building with essential utilities, heating, and a half bath on a surveyed lot.

Where is this warehouse located?

The property is located at 11 Wilson St Sanford, ME.

What is the asking price?

The asking price for this property is $160,000.

What are key features of this property?

This property features: 1,144 SF storage building constructed in 1940; One overhead garage door and half bath; Heat, water, sewerage, and electricity in place