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    1273 Main St Sanford, ME 04073
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    Property profile & analytics

    1273 Main St, Sanford, ME 04073

    View on Map
    • Commercial real estate
    • 0.83 lot acres
    Off-Market
    Property ID
    US42-0128153
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Farrer Rex L DC / Alternative Medicine Practice

    Property Details for 1273 Main St

    Lot size
    0.83 lot acres
    Property type
    Commercial real estate
    APN
    000000000

    Description

    This exceptional 0.83-acre commercial land parcel presents a remarkable development opportunity in Sanford, Maine's vibrant retail core. Located at 1273 Main Street, this property boasts 233 feet of frontage on a heavily trafficked thoroughfare, averaging 24,880 vehicles per day. The site comprises two adjoining parcels, offering significant flexibility for a variety of commercial uses. Zoned URBAN, this land is ready for immediate development, featuring readily available municipal water and sewer services. Its prime location within Sanford's bustling retail trade area ensures high visibility and accessibility, making it ideal for quick-service restaurants (QSRs), banks, car washes, or similar businesses. The property's advantageous location and infrastructure make it an attractive investment for developers seeking a high-impact commercial project in a thriving Maine market. The Asking Price is $350,000, and the Assessor's Parcel Number (APN) is 000000000. This is a rare chance to acquire a well-situated pad site in a high-demand area. Don't miss this opportunity to capitalize on Sanford's robust commercial growth.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Sanford
    County
    York
    State
    Maine
    Longitude
    -70.75442833692
    Latitude
    43.417747428342

    Comparable in this City

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      Sanford Land Parcel on Route

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      Pending

      Sanford City Lot For Sale

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    • $125,000
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    Similar Nearby for Sale

    • $285,000
      238,709.00 Acres

      Waterfront Land on Estes Lake

      5.5 acres with 2270 feet of Estes Lake waterfront.
      Lot A Bernier Rd, Sanford, ME 04073
      View Details
    • $350,000
      108,900.00 Acres

      Sanford Land Parcel on Route

      2.5 acre parcel with frontage on busy Route 109.
      R15-83 Main St, Sanford, ME 04073
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    • $125,000
      1.10 Acres

      Sanford, ME Development Opportunity

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      Gate House Rd, Sanford, ME 04073
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      Sanford Land Near Airport

      Land with flexible zoning near Sanford Regional Airport.
      17 Airport Rd, Sanford, ME 04073
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      Pending

      Sanford City Lot For Sale

      City-owned lot with utilities available in Sanford, Maine.
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    • $125,000
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      Sanford, Maine Development Opportunity

      1.13 acre lot in prime southern Maine location.
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    Similar Nearby for Lease

    • Contact for pricing

      Highly Visible Pad Opportunity

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      Route 109 Development Site

      Approximately 12-acre development site for ground lease or build-to-suit.
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      11,000 SF

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      Prime Retail Space in Sanford

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      750 SF

      Renovated Office Space Available

      Renovated office space for lease with flexible configurations.
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      Updated Two-Story Sanford Office Suite

      Recently updated office suite for sublease in Sanford, Maine.
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    Sanford, ME 04073
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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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