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

    209 Sanford Rd Wells, ME

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Automotive repair space with lifts and ample parking available forrent.

    Type:RETAIL
    Property size:
    1,500 SF
    Lot size:
    0.98 Acres
    Price / SF:
    $1,133/SF
    Added:
    Oct 1, 2024
    Days on Market:
    578
    Last Refresh:
    Apr 5 at 8:37 pm

    Property Features for 209 Sanford Rd

    General Information

    Standard status
    Active
    Size
    1,500 SF
    Lot size
    0.98 Acres
    Property subtype
    RETAIL

    We can help!

    Listing Contact
    Michael Hall
    Michael Hall

    Listing agent Michael Hall

    Listing office The Jordie Lee Company Business & Commercial Brokerage

    Listing date Oct 1, 2024

    Source Moodyscre

    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 The Jordie Lee Company Business & Commercial Brokerage

    Overview

    Sanford Road Automotive Repair Space

    This 1,500 square-foot space located on Sanford Road in Wells, ME, is available for rent and suitable for various uses, including auto repair and used car sales. The property features three lifts, air compressors, and ample parking.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Archie's Off Road ... Auto Repair Shop

    Suggested Use

    Restaurant Law Firm Real Estate Agency Spa & Massage Center Hair Salon Dental Office Nail Salon Building Supply Auto Repair Shop Big Box & Wholesale Store

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Wells Auto Care — 1433 Post Rd, Wells, ME 04090
    • Archie's Off Road & Auto Repair Center — 209 Sanford Rd #109, Wells, ME 04090
    • J.R.'s Small Engine — 261 Burnt Mill Rd, Wells, ME 04090
    • Robert Brown Service Station — 1590 Post Rd, Wells, ME 04090
    • Robert E Brown — Wells, ME 04090

    Location Insight

    • Map
    • Local Demand
    City
    Wells
    County
    York
    State
    Maine
    Longitude
    -70.5909
    Latitude
    43.3222

    Nearby Similar for Sale

    • $850,000
      2,200 SF

      Restaurant Opportunity in Wells, Maine

      Commercial real estate opportunity in high-traffic Wells, Maine.
      743 N Berwick Road, Wells, ME 04090
      View Details
    • $1,299,000
      4,310 SF

      Retail Opportunity on Route 1

      Two-story commercial building on a high-traffic retail corridor.
      2049 Post Road, Wells, ME 04090
      View Details
    • $1,749,000
      5,218 SF

      Established Restaurant and Office Space

      Restaurant and office space near beaches, shopping, and attractions.
      52 Post Road, Wells, ME 04090
      View Details
    • $975,000
      18,324 SF

      Unique Retail Building with Expansion Potential

      High-visibility retail building with expansion and development opportunities.
      259 Post Road, Wells, ME 04090
      View Details
    • $989,000
      2,145 SF

      COMMERCIAL - Wells, ME

      133 Eldridge Road, Wells, ME 04090
      View Details
    • $650,000
      2,079 SF

      Approved Site For Restaurant

      Approved site for a restaurant with drive-through.
      910 Post Rd, Wells, ME 04090
      View Details

    FAQs

    What type of property is this?
    Auto shop - Automotive repair space with lifts and ample parking available forrent.
    Where is this auto shop located?
    The property is located at 209 Sanford Rd Wells, ME.
    What is the asking price?
    The asking price for this property is $1,700,000.
    What are key features of this property?
    This property features: Includes **3 lifts, ready for auto repair use.**; Includes air compressors, ready for auto repair use.; Suitable for multiple uses (auto repair, used cars, etc.).
    (207) 838-8956 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Michael Hall
    Michael Hall
    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!