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    Property profile & analytics

    292 Main St Saco, ME 04072

    • Office buildings
    • 1,288 SF
    • 0.05 lot acres
    For Sale
    View listing
    $385,000
    Value Estimation
    Last Sale
    Jan 30, 2025
    $330,000
    Location Intelligence
    Property ID
    US42-0460857
    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

    • Platinum Pawn & Jewelry / Pawn Shop

    Property Details for 292 Main St

    Year built
    1923
    Construction
    FRAME
    Lot size
    0.05 lot acres
    Property size
    1,288 SF
    Zone code
    B-3
    Property type
    Office buildings
    APN
    SACO M:038 L:103 U:001-000
    APU
    SACOM038L103U001000

    Description

    This exceptional 1,288 square foot commercial property at 292 Main Street, Saco, ME, presents a rare investment opportunity. Located in a vibrant downtown district, this vacant, single-level building boasts a newly installed roof and is ready for immediate occupancy. Its prime location, nestled between Bangor Savings Bank and Sweets & Co. bakery, ensures high foot traffic and visibility. Ample street parking is readily available. The property's 0.05-acre lot offers convenient access and is situated off US-Route 1, providing excellent exposure. Its proximity to the bustling downtown Biddeford area and easy access to I-95 and the Amtrak train station further enhance its appeal. The versatile space is ideal for a variety of uses, including but not limited to: yoga studio, dance studio, art studio, office space, retail shop, hair/nail salon, or a food-related business that could complement the neighboring cafe. This turnkey property offers an unparalleled chance to establish a thriving business in a rapidly growing area, capitalizing on Maine's anticipated 2025 tourism season. Don't miss this chance to own a piece of Saco's thriving commercial landscape. The asking price is $385,000.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $265,000

    • CAP approach

      CAP return
      Estimation
      6%
      $400,000
      6.5%
      $370,000
      7%
      $370,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $390,000
      Geo Method
      $385,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $365,000
      Retail
      $370,000
      Mixed-Use
      $430,000
      Hospitality
      $400,000
      Educational
      $365,000
      Residential Income
      $350,000
      Energy
      $395,000
      Income-Based Land
      $365,000
      Food Service
      $360,000

    Location Insight

    • Map
    • Local Demand
    City
    Saco
    County
    York
    State
    Maine
    Longitude
    -70.4452
    Latitude
    43.4988
    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
    2022
    $2,801
    $58,500
    $94,300
    $152,800
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

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    • Value Estimation by Request
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      209 Main St

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      890 Portland Rd

      OFFICE BUILDING • 8,056 SF
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      View Details
    • Value Estimation
      $395,000
      3,010 SF

      75 Nn St

      OFFICE BUILDING • 3,010 SF
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      View Details
    • Value Estimation
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      863 SF

      25-27 Cmn St

      OFFICE BUILDING • 863 SF
      25-27 Cmn St, Saco, ME 04072
      View Details
    • Value Estimation
      $315,000
      10,140 SF

      180 Main St

      OFFICE BUILDING • 10,140 SF
      180 Main St, Saco, ME 04072-1507
      View Details

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    • Contact for pricing
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    292 Main St
    Saco, ME 04072
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    Realmo Value Estimation

    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.

    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.

    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
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