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Property profile & analytics
OFF-MARKET
Estimated value
$820,000
Manufacturing properties
12 High St Sanford, ME 04073
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US42-0103139
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1900
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
33,406 SF
Lot
0.42 ac (18,295 SF)
Zoning code
IR
APN
SANF M:0J29 B:018A
UPID
US42-0103139
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$700k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$938k
Blend (final)
Blend
$820k
Owner & transaction history
High Street Invs INC · 2 yrs held
High Street Invs INC
since 2024
2 recorded transactions
Zoning & alternative use
IR · Sanford, ME
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Industrial Reuse Zone (IR). H. Airport Development Zone (AD). (1) Airport Development Zone Airport Subdistrict. (2) Airport Development Zone Support Subdistrict. I. Public Water Supply Protection Districts. J. Mousam River Watershed. K. Great Works River Watershed. L. Airport Protection Overlay Zone and Airport Clear Zone. M. Transmitter Tower Overlay Zone.…
Zone name
Industrial Reuse
General category
MIXED_USE
Zone area
209.95 ac
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Sanford submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sanford submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$700,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$820k
Range $738k – $902k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$25 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$4,414
Tax year 2024
Assessed value
$273,500
Assessed 2024
Previous assessed
$273,500
+0.0% YoY
Effective rate
1.61%
On assessed value
Assessed land
$86,900
Assessed improvement
$186,600
Applied tax rate
65,760.0000
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
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1900
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HOT WATER
Buildings
1
Stories
2
Bathrooms
2
Total area
33,406 SF
Lot
0.42 ac (18,295 SF)
Zoning code
IR
APN
SANF M:0J29 B:018A
UPID
US42-0103139
Jurisdiction
SANFORD
Zoning & alternative use
IR · Sanford, MEZoning IR · permitted uses
IR · Sanford, ME
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
Industrial Reuse Zone (IR). H. Airport Development Zone (AD). (1) Airport Development Zone Airport Subdistrict. (2) Airport Development Zone Support Subdistrict. I. Public Water Supply Protection Districts. J. Mousam River Watershed. K. Great Works River Watershed. L. Airport Protection Overlay Zone and Airport Clear Zone. M. Transmitter Tower Overlay Zone. N. Rushton Street Institutional Controls Overlay I and II Zones. O. Sanford Downtown Design District Overlay Zone. P. Springvale Village Design District Overlay Zone. Q. Urban Overlay District. [Amended 3-5-2019 , confirmed 7-9-2019 by Order No. 18-553-01 ] R. Residential Development Overlay (RDO) Zone. [Added 11-23-2021 by Order No. 21-494-01 ]
Zone name
Industrial Reuse
General category
MIXED_USE
Zone area
209.95 ac
Building & site characteristics
From public records
Year built
1900
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HOT WATER
Stories
2
Buildings
1
Bathrooms
2
Lot
0.42 ac
Current owner
From public records · entity-resolved
High Street Invs INC
Entity
Mailing address
PO BOX 1174, SANFORD, ME 04073-1174
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 5, 2024
—
High Street Invs INC
Red Brick Properties INC
Warranty Deed
$800,000 · Red Brick Properties
Jul 13, 2005
—
Red Brick Props INC
—
Deed Of Trust
related
$300,000 · Central Furniture&appliances INC
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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