Property profile

1587 Main St Sanford, ME 04073

OFF-MARKET
Commercial land
Property ID
US42-0566522
672 SF 14 ac lot Built 1945
Entity Owned 2-yr Hold Absentee Owner Free & Clear
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Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Year built 1945
Construction WOOD FRAME
Total area 672 SF
Lot 14 ac (609,840 SF)
Zoning code IB
APN SANF M:0R15 B:94
UPID US42-0566522

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1587 Main St Sanford, ME 04073-2462
Sanford metro Census 30300 PORTLAND-SOUTH PORTLAND-BIDDEFORD, ME METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$205k

Owner & transaction history

since 2024
1 recorded transaction
2024
$250,000

Zoning & alternative use

IB · Sanford, ME
Zoning description

Industrial Business Zone (IB). A. Purpose. The purpose of the Industrial Business (IB) Zone is to provide areas for traditional industrial and business park development in a well-planned environment where public water su…

General category INDUSTRIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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