Financial
Distress signals
Property profile

16 School St Sanford, ME 04073

FOR SALE
Turn key restaurants
Property ID
US42-0358005
4,332 SF 0.1 ac lot Built 1973
Last sale Jan 2024 · $650,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 2-yr Hold Held for 2 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property is a remodeled restaurant building built in 2019, configured for approximately 150 guests across two floors. The first floor contains a main dining room and a commercial kitchen area. The second floor includes a horseshoe-style bar with seating for 22 stools and additional dining seating for 75+ patrons. A finished basement provides walk-in coolers and freezers, along with a kitchen prep area and storage. The property also includes outdoor seating space. The sale of the real estate

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$4k
Tax billed · 2023
Assessed value$268k
Assessed land$63k
Assessed improvement$205k
Effective rate1.51%

Value estimate

· Sep 2026
$650k
$585k – $715k
AI approach$650k
Submarket $/SF estimate$650k
NOI build-up
Gross scheduled income$104k
Vacancy & credit loss−$2k
Operating expenses−$31k
NOI · 11.90% cap applied$71k

Realmo valuation models over county records and 3 qualifying comparable sales.

Recently sold

What actually traded nearby?
$208/SF
County average, outlier-cleaned · 20 recorded sales of this use type
Observed band · Q1–Q3$150 – $289
Qualifying comparables3

Cap rate analysis

How does the asset earn?
11.90%
$71k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
DB
JurisdictionSANFORD

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency12.4
Bakery9.2
Garden Center8.9

Location

16 School St Sanford, ME 04073
County assessor Recorded deeds · 5 transfers 3 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 11 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1601 Main, Sanford, ME 04073-2408 $399,000 Nov 2024 3,648 SF
1106 Main, Sanford, ME 04073-3659 $370,000 Sep 2024 1,640 SF
1252 Main, Sanford, ME 04073-3662 $899,000 Sep 2024 3,786 SF
89 Country Clb, Sanford, ME 04073-5201 $1,182,000 Feb 2024 5,539 SF
845 Main, Sanford, ME 04073-3525 $1,970,863 Aug 2023 1,980 SF
26 Riv, Sanford, ME 04073-2819 $600,000 Jan 2022 11,540 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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