Storage Warehouse with Overhead
For Sale
$180,000
11 Wilson St, Sanford, ME 04073
Compact storage building with essential utilities, heating, and a half bath on a surveyed lot.
Property Size1,144 SF
Price / SF$157.34
Days on Market19
Property Features for 11 Wilson St
General Information
Standard status
Active
Size
1,144 SF
Warehouse & Industrial
Warehouse Space
1,144 SF
Drive-In Doors
1
Additional Details
Utilities to Site
Yes
Building Details
Year Built
1940
Buildings
1
Building Size
1,144 SF
Listing Agency:
Town Square Realty Group
(207) 608-8879
Listed By:
Stephen Cabana
Source:
Samonasgroup
Added: Aug 14
Changed: Aug 28
Last Checked: Aug 31 at 6:22PM
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
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.
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 = 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
$14,325
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
7.96%
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%
$286,500
$286.5K
Cap Rate 7%
$204,643
$204.6K
Cap Rate 9%
$159,167
$159.2K
Market Conditions
NOI Build-Up for 1,144 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
$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 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%
$286,500
Cap Rate 7%
$204,643
Cap Rate 9%
$159,167
Alternative Uses
Best Use
Warehouse
$204.6K
$179.1K – $238.8K
NOI $14,325 @ 7.0% cap · market cap 7.96%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$362.6K
$317.3K – $423.1K
NOI $25,385 @ 7.0% cap · market cap 14.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Sanford Self Storage — 17 Bennett St, Sanford, ME 04073
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 $180,000.
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
