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Property profile & analytics
FOR LEASE
Investment properties
644 Main St Saco, ME 04072
Individually Owned
Absentee Owner
Free & Clear
Property ID
US42-0360764
For Lease
1 / 2
Contact for pricing
644 Main St, Saco, ME 04072
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Property summary
AI-generated overview
This exceptional 2.28-acre commercial property at 644 Main Street in Saco, Maine, presents a compelling value-add investment opportunity. The property features a substantial 10,550+ square foot single-story building situated on a highly visible corner lot along Route 1, boasting over 20,000 vehicles passing daily. This prime location is within Saco's burgeoning business district, a rare find for its visibility and accessibility. A portion of the building is currently leased to a permitted medical marijuana grow operation under a short-term agreement. Beyond the main building, the property includes additional improvements such as a two-unit garage and cabins. The property is part of a larger master plan, offering potential for future development and expansion. Note that the listed price of $2,300,000 excludes a 0.5-acre front pad site
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Lot
15.28 ac (665,486 SF)
Zoning code
B-2B
APN
SACO M:042 L:010 U:000-000
UPID
US42-0360764
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$385k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$385k
Owner & transaction history
LEON M FOSTER
LEON M FOSTER
Zoning & alternative use
B-2B · Saco, ME
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Saco submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Saco submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$385,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$385k
Range $347k – $424k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$27,336
Tax year 2022
Assessed value
$1,491,300
Assessed 2022
Previous assessed
$1,491,300
+0.0% YoY
Effective rate
1.83%
On assessed value
Assessed land
$700,600
Assessed improvement
$790,700
Applied tax rate
64,675.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
For Lease
Heating
NONE
Buildings
3
Units
1
Lot
15.28 ac (665,486 SF)
Zoning code
B-2B
APN
SACO M:042 L:010 U:000-000
UPID
US42-0360764
Jurisdiction
SACO
Zoning & alternative use
B-2B · Saco, MEZoning B-2B · permitted uses
B-2B · Saco, ME
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Heating
NONE
Buildings
3
Units
1
Lot
15.28 ac
Current owner
From public records · entity-resolved
LEON M FOSTER
Individual
Free & Clear · 0 yrs held
Mailing address
4707 SPINNAKER DR, BRADENTON, FL 34208-8492
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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