Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    958 Portland Rd Saco, ME 04072

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $790,000

    1.39 acre commercial development site in Saco, Maine.

    Lot size:
    1.39 Acres

    Property Features for 958 Portland Rd

    General Information

    Lot size
    1.39 Acres

    We can help!

    Listing Contact
    Bryan Plourde, Mai
    Source: Moodyscre

    Listing Agent: Bryan Plourde, Mai

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Saco Commercial Development Site

    This 1.39± acre, level development site is available for build-to-suit, ground lease, or sale. It is located in Saco’s PR zoning district, which allows for a wide variety of commercial uses. The location benefits from traffic counts of 17,000-18,000 AADT and 261’ of frontage along US Route 1, as well as good access. The site is in proximity to I-195, I-95, and Scarborough village. It is located across the street from a new apartment complex. Build-to-suit options are available up to 10,000 SF.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Cannabis Cured Saco Cannabis Store Cannabis Cured Medical ... Cannabis Store

    Suggested Use

    Restaurant Realty agency Building Supply Dental Office Spa & Massage Wholesale Shop Hair Salon Auto Repair Shop Clothing Store Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Saco
    County
    York
    State
    Maine
    Longitude
    -70.4100538
    Latitude
    43.5496392

    Nearby Similar for Sale

    • $2,265,000
      4,026 SF

      Saco Riverfront Multi-Family Property

      Remodeled multi-family property on 4.32 acres with river views.
      38 Pine Ridge Rd, Saco, ME 04072
      View Details
    • $995,000
      8,736 SF

      Historic Brick Building in Saco

      Iconic, fully leased, historic brick building in downtown Saco, Maine.
      190 Main St, Saco, ME 04072
      View Details
    • $399,000
      2,511 SF

      Versatile Saco Two-Unit Property

      Two-unit property in prime location with renovation potential.
      120 Lincoln St, Saco, ME 04072
      View Details
    • $680,000
      1,960 SF

      Saco Multifamily Investment Opportunity

      Multifamily property in Saco, Maine, with convenient access to amenities.
      4 Primrose Ln, Saco, ME 04072
      View Details
    • $1,595,000
      6,912 SF

      Restaurant Building with Large Parking

      Stand-alone restaurant building in excellent condition with investment potential.
      512 Main St, Saco, ME 04072
      View Details
    • New
      $640,000
      2,566 SF

      Saco River Proximity Triplex

      Three-unit property near Saco River with garage and ample parking.
      242 Lincoln St, Saco, ME 04072
      View Details
    • $724,900
      4,976 SF

      Mixed-Use Property in Saco, ME

      Mixed-use property with retail and office spaces in Saco.
      239 Main St, Saco, ME 04072
      View Details
    • $2,900,000
      10,260 SF

      Saco Commercial Building For Sale

      Commercial building in Saco, Maine, suitable for multiple uses.
      5 Willey Rd, Saco, ME 04072
      View Details
    • $2,350,000

      Prime Retail Investment Opportunity

      High-visibility retail property with long-term tenants and income potential.
      937 Portland Rd, Saco, ME 04072
      View Details
    • $695,000
      2,240 SF

      Turn-Key Dental Office Condominium

      2,240 SF turn-key dental office condominium for sale.
      Confidential St, Saco, ME
      View Details
    • $995,000
      6,000 SF

      Saco Riverfront Office/Warehouse Building

      Turn-key office/warehouse near Maine Turnpike and walkable to downtowns.
      44 Lincoln St, Saco, ME 04072
      View Details
    • $550,000

      Retail Property Near Maine Turnpike

      Retail property located near Maine Turnpike Exit 36.
      19 Industrial Park Rd, Saco, ME 04072
      View Details

    FAQs

    What type of property is this?
    Land - 1.39 acre commercial development site in Saco, Maine.
    Where is this land located?
    The property is located at 958 Portland Rd Saco, ME.
    What is the asking price?
    The asking price for this property is $790,000.
    What are key features of this property?
    This property features: - 1.39± acre level development site suitable for build-to-suit, ground lease, or sale.; - Located in Saco’s PR zoning district, allowing for a wide variety of commercial uses.; - Exceptional traffic counts (17,000-18,000 AADT).
    (207) 650-5122
    Request Owner's contact information
    958 Portland Rd Saco, ME 04072
    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.
    958 Portland Rd
    Saco, ME 04072
    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
    958 Portland Rd Saco, ME 04072
    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

    We can help!
    Listing Contact
    Bryan Plourde, Mai
    (207) 650-5122
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.