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    10 Willey Rd Saco, ME 04072-1881
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    Property profile & analytics

    10 Willey Rd, Saco, ME 04072-1881

    View on Map
    • Truck terminals
    • 12,720 SF
    • 11.18 lot acres
    Off-Market
    Property ID
    US42-0424445
    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.
    Value Estimations
    $555,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Associated Global Systems / Freight Service / Logistics Company
    • Palco Air Cargo / Trucking Company

    Property Details for 10 Willey Rd

    Year built
    2000
    Construction
    STEEL FRAME
    Lot size
    11.18 lot acres
    Zone code
    I-1
    Property type
    Truck terminals
    APN
    SACO M:073 L:021 U:000-000
    APU
    SACOM073L021U000000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Nov 25, 2024 — Mb Jb Real Estate LLC — Deed · related $250k · Machias Savings Bank
    Apr 24, 2017 — Mbjb Real Estate LLC — Deed · related $1.4M · Machias Savings Bk
    Dec 11, 2013 — Mbjb Real Estate LLC — Deed Of Trust · related $1.1M · Bangor Savings Bank
    Oct 11, 2005 — Mbjb Real Estate LLC — Deed Of Trust · related $875k · Zions First National Bank

    Description

    This exceptional investment opportunity presents two vacant industrial buildings totaling 14,000 square feet situated on an 11.2-acre lot in Saco, Maine. Built in 2000, this property features two structures, each two stories high, offering a combined 14,000 square feet of net rentable space. The asking price is $6,200,000, translating to $442.86 per square foot and $3,100,000 per unit. The property is zoned for industrial use and boasts excellent access for trucking operations, including nine loading docks and four dock-high doors. The high ceilings, measuring 20 feet, provide ample vertical space for storage and operations. This property is ideally suited for a variety of industrial uses, offering significant potential for a discerning investor. The location in Saco, Maine, within York County (zip code 04072), provides convenient access to major transportation routes. Detailed financial information is available upon execution of a confidentiality agreement.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $555,000

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $820,000
      WAREHOUSE, STORAGE
      $415,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Saco
    County
    York
    State
    Maine
    Longitude
    -70.434
    Latitude
    43.5383
    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
    $17,844
    $501,800
    $768,200
    $1,270,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $945,000
      33,576 SF

      85 Industrial Park Rd

      TRUCK TERMINAL (MOTOR FREIGHT)
      85 Industrial Park Rd, Saco, ME 04072-1804
      View Details
    • Value Estimation
      $1,005,000
      94,393 SF

      115 Industrial Park Rd

      TRUCK TERMINAL (MOTOR FREIGHT)
      115 Industrial Park Rd, Saco, ME 04072-1877
      View Details
    • Value Estimation
      $2,505,000
      20,400 SF

      33 Spg Hl Rd

      MIXED USE (COMMERCIAL/INDUSTRIAL)
      33 Spg Hl Rd, Saco, ME 04072-9650
      View Details
    • Value Estimation by Request
      10,560 SF

      Eastview Pkwy

      Flex space
      0 Eastview Pkwy, Saco, ME 04072
      View Details
    • Value Estimation by Request
      10,017 SF

      91 Industrial Park Rd

      WAREHOUSE, STORAGE
      91 Industrial Park Rd, Saco, ME 04072-1862
      View Details
    • Value Estimation
      $1,720,000
      18,750 SF

      92 Industrial Park Rd

      INDUSTRIAL (GENERAL)
      92 Industrial Park Rd, Saco, ME 04072-1861
      View Details

    Similar Nearby for Sale

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      3,150 SF

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      3,150 SF industrial condominium suitable for storage or business.
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    • $500,000
      11.60 Acres

      Saco Industrial Land - $500K

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      10,550 SF

      Saco Mixed-Use Development Opportunity

      2.28 acres with building and buildable lot on Rt. 1.
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    • $2,900,000
      10,260 SF

      Saco Commercial Property For Sale

      Commercial property in Saco, Maine, suitable for various uses.
      5 Willey Rd, Saco, ME 04072
      View Details
    • Contact for pricing

      Undeveloped Industrial Land For Sale

      Undeveloped industrial land in Saco Industrial Park available for purchase.
      45 Industrial Park Rd, Saco, ME 04072
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      63,000 SF

      Industrial Build-to-Suit Opportunity, Saco

      63,000± SF build-to-suit industrial building on US Route 1.
      1016 Portland Rd, Saco, ME 04072
      View Details
    • Contact for pricing

      Saco Flex Space Available

      Flex space suitable for office or medical office use.
      42 Industrial Park Rd, Saco, ME 04072
      View Details
    • Contact for pricing
      30,195 SF

      High Bay Warehouse Space Available

      30,195± SF high bay warehouse space for sublease.
      14 Phillips Spring Rd, Saco, ME 04072
      View Details
    • Contact for pricing
      4,590 SF

      Saco Flex Space For Lease

      Flex space suitable for office or medical office use.
      42 Industrial Park Rd, Saco, ME 04072
      View Details
    • Contact for pricing

      Retail/Athletic Space in Saco

      Retail/athletic space in OA Sports Center complex, accessible from I-195.
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    • Contact for pricing
      1,222 SF

      Downtown Saco Office Space Available

      Office/studio space for rent in downtown Saco.
      209 Main St, Saco, ME 04072
      View Details
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    10 Willey Rd
    Saco, ME 04072-1881
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    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
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