Auto Repair Shop with Multiple
New
For Sale
$1,100,000
56 Alfred Rd, Sanford, ME 04073
Automotive repair and detailing property with two existing tenants and dedicated service-garage improvements.
Property Size5,511 SF
Lot Size3.00 Acres
Price / SF$199.60
Days on Market7
Property Features for 56 Alfred Rd
General Information
Standard status
Active
Size
5,511 SF
Lot size
3.00 Acres
Property subtype
Other
Zoning
U
Occupancy
100%
Site & Location
Road Access
Yes
Utilities to Site
Yes
Building Details
Building Size
5,511 SF
Year Built
1983
Tenancy
Multi
Listing Agency:
SVN | The Masiello Group
(833) 746-6479
Listed By:
Marc Brunelle · License #BA919174
Source:
Commercialcafe
Added: Aug 15
Changed: Aug 17
Last Checked: Aug 18 at 5:24AM
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 SVN | The Masiello Group
Investment Insights
Based on property information with market context.
This automotive property includes a 5,511 SF building constructed in 1983, with a service garage, an attached original building, and seven overhead doors in total. The property is occupied by two tenants operating auto repair and detailing businesses across the site. Private utilities serve the property, while municipal sewer is available.
The approximately 3-acre site fronts Route 4 for approximately 300' and is positioned near a newly installed signalized intersection. Zoned U (Urban), the property includes room for additional development. Its existing configuration combines automotive service improvements, tenant occupancy, and a sizable commercial site in South Sanford.
The approximately 3-acre site fronts Route 4 for approximately 300' and is positioned near a newly installed signalized intersection. Zoned U (Urban), the property includes room for additional development. Its existing configuration combines automotive service improvements, tenant occupancy, and a sizable commercial site in South Sanford.
Key Highlights
- 5,511 SF building constructed in 1983
- Approximately 3‑acre site with approximately 300' frontage along Route 4
- Seven overhead doors across the service garage and attached original building
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
$66,925
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
6.08%
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%
$1,338,500
$1.3M
Cap Rate 7%
$956,071
$956.1K
Cap Rate 9%
$743,611
$743.6K
Market Conditions
NOI Build-Up for 5,511 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
$104.5K $18.96/SF
− Vacancy
−$8.9K −$1.61/SF
EGI
$95.6K $17.35/SF
− OpEx
−$28.7K −$5.20/SF
NOI
$66.9K $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%
$1,338,500
Cap Rate 7%
$956,071
Cap Rate 9%
$743,611
Alternative Uses
Best Use
Retail
$956.1K
$836.6K – $1.12M
NOI $66,925 @ 7.0% cap · market cap 6.08%
Second Best
Industrial
$811.9K
$710.4K – $947.2K
NOI $56,830 @ 7.0% cap · market cap 5.17%
Theoretical Best
Office A
$1.75M
$1.53M – $2.04M
NOI $122,287 @ 7.0% cap · market cap 11.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
218
Businesses Nearby
122k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 41%
Shops & Services 38%
Groceries 20%
Beauty & Spa 1%
Shaw's Supermarket
Groceries
23,732 visits/mo
0.2 miles
Wendy's
Dining
16,496 visits/mo
0.3 miles
Dollar Tree
Shops & Services
15,792 visits/mo
0.2 miles
Applebee's
Dining
14,642 visits/mo
0.2 miles
McDonald's
Dining
13,550 visits/mo
0.4 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
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Similar Off Market Nearby
- Maine Auto Service — 1423 Main St, Sanford, ME 04073
- ASP Performance — 1508A Main St, Sanford, ME 04073
- VIP Tires & Service — 1285 Main St, Sanford, ME 04073
- Fabrication Station and Performance — 20B Renaissance Way, Sanford, ME 04073
- Grondin Towing & Recovery — 1397 main st, sanford, me 04073
Frequently Asked Questions
What type of property is this?
Auto shop - Automotive repair and detailing property with two existing tenants and dedicated service-garage improvements.
Where is this auto shop located?
The property is located at 56 Alfred Rd Sanford, ME.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 5,511 SF building constructed in 1983; Approximately 3‑acre site with approximately 300' frontage along Route 4; Seven overhead doors across the service garage and attached original building
