Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    10 Snow Canning Rd Scarborough, ME 04074-5002

    • Industrial properties
    • 93,862 SF
    • 7.00 lot acres
    OFF-MARKET
    Last Sale
    Jan 04, 2021
    Value Estimations
    $1,065,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US42-0525826
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • East Atlantic Seafood, LLC / Stores And Shopping / Seafood Wholesaler
    • The Maine Cannabis Shop / Garden
    • Shannon's Best Buds (Medical Cannabis) / Cannabis Store / Herbal Medicine Store
    • Black Bear Landscaping Design / Landscaper / Landscape Designer
    • Pine State Seafood / Fish Processing

    Property Details for 10 Snow Canning Rd

    Year built
    1920
    Lot size
    7.00 lot acres
    Property size
    93,862 SF
    Zone code
    31
    Property type
    Industrial properties
    APN
    SCAR M:R087 L:005
    APU
    SCARMR087L005

    Description

    This exceptional investment opportunity presents a fully leased, 111,000 square foot industrial property situated on 8.05 acres in Scarborough, Maine. The property, comprised of two buildings constructed in 1920, boasts 12 loading docks and 14 dock-high doors, along with ample parking for 50 vehicles. High ceilings and both indoor and outdoor parking are additional features. Currently housing 30 tenants under a triple net lease (NNN) with a 10% cap rate, this multi-tenant property offers a strong cash flow. The asking price is $5,900,000, translating to $53.15 per square foot. Located on Route 9, the property enjoys high visibility and accessibility. Its strategic location includes approximately 1000 feet of waterfront and 502 feet of frontage on Snow Canning Road. The property is zoned Town Village Center with Industrial and Shoreline Overlay, presenting significant development potential. Public sewer and water services are available. Seller financing may be considered. This is a rare opportunity to acquire a substantial industrial asset with exceptional waterfront views and significant upside potential in a desirable Maine location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $1,065,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Scarborough
    County
    Cumberland
    State
    Maine
    Longitude
    -70.3494
    Latitude
    43.5438
    CBSA code
    38860
    CBSA name
    PORTLAND-SOUTH PORTLAND-BIDDEFORD, ME METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $23,858
    $838,700
    $1,344,100
    $2,182,800
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $330,000
      47.00 Acres

      Beech Rdg Rd

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 47.00 Acres
      Beech Rdg Rd, Scarborough, ME 04074
      View Details
    • Value Estimation
      $550,000
      11,348 SF

      107 Pleasant Hl Rd

      INDUSTRIAL (GENERAL) • 11,348 SF
      107 Pleasant Hl Rd, Scarborough, ME 04074-9309
      View Details
    • Value Estimation
      $670,000
      12,000 SF

      40 Ctr St

      INDUSTRIAL (GENERAL) • 12,000 SF
      40 Ctr St, Scarborough, ME 04074-6521
      View Details
    • Value Estimation
      $3,300,000
      2.00 Acres

      100 Innovation Way

      INDUSTRIAL (GENERAL) • 2.00 Acres
      100 Innovation Way, Scarborough, ME 04074-6537
      View Details
    • Value Estimation
      $375,000
      800 SF

      8 Earles Way

      INDUSTRIAL (GENERAL) • 800 SF
      8 Earles Way, Scarborough, ME 04074
      View Details
    • Value Estimation
      $510,000
      9,600 SF

      6 Gibson Rd

      INDUSTRIAL (GENERAL) • 9,600 SF
      6 Gibson Rd, Scarborough, ME 04074-9307
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      15.00 Acres

      Prime Scarborough Industrial Land

      Up to 40 acres, ideal for warehousing.
      107 Mussey Rd, Scarborough, ME 04074
      View Details
    • Contact for pricing
      60,000 SF

      Maine Industrial Investment Opportunity

      60,000 SF Flex Space, NNN Lease
      44 Manson Libby Rd, Scarborough, ME 04074
      View Details
    • Contact for pricing
      20,000 SF

      Maine Warehouse Investment Opportunity

      NNN Lease, High NOI, Corporate Tenant
      4 Cloutier Ln, Scarborough, ME 04074
      View Details
    • $4,500,000
      40,000 SF

      Scarborough Warehouse Investment Opportunity

      40,000 SF office/warehouse on 3 acres, NNN lease.
      44 Manson Libby Rd, Scarborough, ME 04074
      View Details
    • $5,900,000
      59,220 SF

      Scarborough Industrial Park Opportunity

      Industrial property in Scarborough's premier park with highway access.
      16 Washington Ave, Scarborough, ME 04074
      View Details
    • $2,500,000
      25.00 Acres

      Scarborough Commercial Land - 25 Acres

      Prime Maine commercial development land, excellent location.
      292 Payne Rd, Scarborough, ME 04074
      View Details

    Similar Nearby for Lease

    • $975 /Mo
      68,818 SF

      Scarborough Warehouse with Truck Terminal

      68,818±SF warehouse with 50 doors on 15.45± acre site.
      7 Manson Libby Rd, Scarborough, ME 04074
      View Details
    • $15 SF/Yr
      22,000 SF

      Prime Flex/Warehouse Space Available

      22,000 SF Flex Space in Scarborough Downs
      106 Innovation Way, Scarborough, ME 04074
      View Details
    • $11 SF/Yr
      9,420 SF

      Industrial Property with Outdoor Space

      9,420 SF industrial property on 2.33 acre lot.
      125 Pleasant Hill Rd, Scarborough, ME 04074
      View Details
    • $18 SF/Yr
      9,000 SF

      400 Roundwood Dr

      Distribution properties • 9,000 SF
      400 Roundwood Dr, Scarborough, ME 04074
      View Details
    • $10 SF/Yr
      5,500 SF

      Scarborough Flex Space Available

      5,500± SF flex space for lease in Scarborough Industrial Park.
      40 Manson Libby Rd, Scarborough, ME 04074
      View Details
    • $12 SF/Yr
      4,000 SF

      Scarborough Industrial Space Available

      4,000± SF industrial space suitable for various uses.
      3 Commercial Rd, Scarborough, ME 04074
      View Details
    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.
    10 Snow Canning Rd
    Scarborough, ME 04074-5002
    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.
    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.