Retail Space in UB
For Sale
$985,000
1306 Main St, Sanford, ME 04073
Retail space in UB Zone with signage potential near major banks in Sanford.
Property Size7,288 SF
Price / SF$135.15
Days on Market48
Property Features for 1306 Main St
General Information
Standard status
Active
Size
7,288 SF
Zoning
UB Zone
Building Details
Year Built
1979
Listing Agency:
EXP Realty
Listed By:
Roslind Anton
(207) 450-3230
Source:
Aroostookrealestate
Added: Jul 28
Changed: Sep 10
Last Checked: Sep 12 at 11:53AM
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 EXP Realty
Investment Insights
Based on property information with market context.
Retail space at 1306 Main St, Sanford, ME, positioned for multiple possibilities. The property is located off Route 109 on the South Main Street side of Sanford, providing convenient access within the local retail corridor.
The area is anchored by nearby financial uses, including Kennebunk Savings and the new site for Chase Bank. The property is described as having excellent signage capability supported by its UB Zone designation, which can be a key consideration for retail visibility and tenant branding.
If you are evaluating retail space that can support storefront visibility, UB zoning and the established banking adjacency are central considerations for site planning and tenant fit.
The area is anchored by nearby financial uses, including Kennebunk Savings and the new site for Chase Bank. The property is described as having excellent signage capability supported by its UB Zone designation, which can be a key consideration for retail visibility and tenant branding.
If you are evaluating retail space that can support storefront visibility, UB zoning and the established banking adjacency are central considerations for site planning and tenant fit.
Key Highlights
- UB Zone designation supporting signage
- Located off Route 109 on the South Main Street side of Sanford
- Near Kennebunk Savings
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
$88,505
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
8.99%
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%
$1,770,100
$1.8M
Cap Rate 7%
$1,264,357
$1.3M
Cap Rate 9%
$983,389
$983.4K
Market Conditions
NOI Build-Up for 7,288 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
$138.2K $18.96/SF
− Vacancy
−$11.7K −$1.61/SF
EGI
$126.4K $17.35/SF
− OpEx
−$37.9K −$5.20/SF
NOI
$88.5K $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%
$1,770,100
Cap Rate 7%
$1,264,357
Cap Rate 9%
$983,389
Alternative Uses
Best Use
Retail
$1.26M
$1.11M – $1.48M
NOI $88,505 @ 7.0% cap · market cap 8.99%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.31M
$2.02M – $2.70M
NOI $161,718 @ 7.0% cap · market cap 16.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
254
Businesses Nearby
131k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 44%
Shops & Services 35%
Groceries 18%
Electronics 2%
Shaw's Supermarket
Groceries
23,732 visits/mo
0.5 miles
Wendy's
Dining
16,496 visits/mo
0.2 miles
Dollar Tree
Shops & Services
15,792 visits/mo
0.3 miles
Applebee's
Dining
14,642 visits/mo
0.3 miles
KFC
Dining
14,581 visits/mo
0.3 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
Retail space - Retail space in UB Zone with signage potential near major banks in Sanford.
Where is this retail space located?
The property is located at 1306 Main St Sanford, ME.
What is the asking price?
The asking price for this property is $985,000.
What are key features of this property?
This property features: UB Zone designation supporting signage; Located off Route 109 on the South Main Street side of Sanford; Near Kennebunk Savings
