Entity Owned 
For Lease
$5,590,000
1016 Portland Rd, Saco, ME 04072
View Listing →
Property summary
AI-generated overview
The property is a build-to-suit industrial development offering up to 63,000± square feet, planned for construction on a 3.5-acre development site in Saco, Maine. The site is located on the US Route 1 corridor and provides convenient access to I-95 via the Scarborough and Biddeford connectors. Utilities available at the site include public water, public sewer, and 3-phase power. The property is designated under PRD zoning, which supports a variety of industrial and related uses.
Property profile
Verified
Property type
Other industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
2019
Construction
STEEL FRAME
Total area
35,714 SF
Lot
39.79 ac (1,733,256 SF)
Zoning code
MU3
APN
SACO M:064 L:012 U:000-000
UPID
US42-0417725
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Food Processing Plant
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$5.67M
Comparable Approach
Comparable
$5.51M
Blend (final)
Blend
$5.59M
Owner & transaction history
since 2017
1 recorded transaction
Zoning & alternative use
MU3 · Saco, ME
Top alternative use upside
Restaurant
$5.9M
+108.9%
Office building
$5.7M
+102.8%
Retail stores
$3.9M
+38.3%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
17% off on annual
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
4 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Summary
1
Valuation conclusion
Included free
Estimated market value
$5.59M
Value range
$5.03M – $6.15M
±10% around blend
Estimated value / SF
$157 / SF
Confidence
Property data
100
Comparable evidence
60
$5.03M
blend $5.59M
$6.15M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
35,714 SF
Lot area
39.79 ac
Year built
2019
Stories
1
APN
SACO M:064 L:012 U:000-000
Zoning
MU3
Assessed value
$8,866,100
Annual tax
$124,569
3
Income approach: direct capitalization
Partial preview
Income approach indication
$5.67M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$6.14M
@ 6.5% CAP return
$5.67M
@ 7% CAP return
$5.26M
4
Sales comparison
Partial preview
Sales approach indication
$5.51M
Range $966k – $5.51M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$5.59M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Alternative use screening
Partial preview
Top alternative use
Restaurant
Gross theoretical uplift
+109%
vs current-use indication
Office Building
Retail Stores
Auto Repair, Garage
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$8.87M
Move the market yield to see immediate price impact.
Value / SF
$248
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$559k
$11.17M
$7.98M
$6.21M
$621k
$12.41M
$8.87M
$6.90M
$683k
$13.65M
$9.75M
$7.59M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$124,569
Tax year 2024
Assessed value
$8,866,100
Assessed 2024
Previous assessed
$8,866,100
+0.0% YoY
Effective rate
1.41%
On assessed value
Assessed land
$1,399,300
Assessed improvement
$7,466,800
Applied tax rate
64,675.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Other industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
For Lease
Year built
2019
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
1
Rooms
8
Bathrooms
5
Total area
35,714 SF
Lot
39.79 ac (1,733,256 SF)
Zoning code
MU3
APN
SACO M:064 L:012 U:000-000
UPID
US42-0417725
Jurisdiction
SACO
Zoning & alternative use
MU3 · Saco, MEZoning MU3 · permitted uses
MU3 · Saco, ME
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
2019
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
1
Rooms
8
Bathrooms
5
Lot
39.79 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
MU3
Jurisdiction
Saco, ME
Recorded code
MU3
Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 5 · 30 · 100 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Pick a plan to open full owner contacts, all 4 valuations with methodology, the refine flow, comparable adjustments, the foot-traffic deep dive and PDF / CSV export. Cancel anytime.
