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    Property profile & analytics

    16 School St Sanford, ME 04073-3018

    • Turn key restaurants
    • 4,332 SF
    • 0.10 lot acres
    OFF-MARKET
    Value Estimation
    $680,000
    Last Sale
    Jan 25, 2024
    $650,000
    Location Intelligence
    Property ID
    US42-0358005
    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.

    Current Use by Public Records

    • Guerrero Maya / Mexican Restaurant
    • Back Street Sanford / American Restaurant

    Property Details for 16 School St

    Year built
    1973
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.10 lot acres
    Property size
    4,332 SF
    Zone code
    DB
    Property type
    Turn key restaurants
    APN
    SANF M:0K30 B:43
    APU
    SANFM0K30B43

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $650,000

    • CAP approach

      CAP return
      Estimation
      6%
      $665,000
      6.5%
      $765,000
      7%
      $660,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $820,000
      Geo Method
      $730,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $610,000
      Retail
      $660,000
      Mixed-Use
      $855,000
      Hospitality
      $800,000
      Educational
      $730,000
      Residential Income
      $720,000
      Energy
      $665,000
      Income-Based Land
      $835,000
      Food Service
      $675,000

    Location Insight

    • Map
    • Local Demand
    City
    Sanford
    County
    York
    State
    Maine
    Longitude
    -70.7735
    Latitude
    43.4385
    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
    2023
    $4,058
    $63,200
    $204,800
    $268,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      0.25 Acres

      Tebbetts Ave

      RESTAURANT • 0.25 Acres
      Tebbetts Ave, Sanford, ME 04073
      View Details
    • Value Estimation
      $370,000
      3,296 SF

      1465 Main St

      RESTAURANT • 3,296 SF
      1465 Main St, Sanford, ME 04073-2460
      View Details
    • Value Estimation
      $385,000
      2,994 SF

      1340 Main St

      RESTAURANT • 2,994 SF
      1340 Main St, Sanford, ME 04073-3634
      View Details
    • Value Estimation
      $300,000
      3,670 SF

      1364 Main St

      RESTAURANT • 3,670 SF
      1364 Main St, Sanford, ME 04073-3660
      View Details
    • Value Estimation
      $310,000
      2,548 SF

      990 Main St

      RESTAURANT • 2,548 SF
      990 Main St, Sanford, ME 04073-3511
      View Details
    • Value Estimation
      $380,000
      4,404 SF

      1008 Main St

      RESTAURANT • 4,404 SF
      1008 Main St, Sanford, ME 04073-3602
      View Details

    Similar Nearby for Sale

    • $1,180,000
      7,288 SF

      Sanford Retail and Warehouse Space

      Retail and warehouse space with flexible heated and cold storage.
      1306 Main St, Sanford, ME 04073
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    • $5,500,000
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      Established Retail Plaza For Sale

      98,282 +/- SF retail plaza in Sanford, Maine.
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      Approved Land Parcel For Sale

      2.0 AC parcel approved for fast food with drive-through.
      68 Alfred Rd, Sanford, ME 04073
      View Details
    • Contact for pricing

      Sanford Land Parcel on Route 109

      2.5 acre parcel on busy Route 109.
      1569 Main St, Sanford, ME 04073
      View Details
    • $180,000
      0.12 Acres

      Sanford Land with Storage Building

      Sanford land with storage building, convert to single-family home.
      11 Wilson St, Sanford, ME 04073
      View Details
    • $180,000
      0.12 Acres

      Sanford, ME Storage Building

      1144 SF storage building with conversion potential in Sanford.
      11 Wilson St, Sanford, ME 04073
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    Similar Nearby for Lease

    • $13 SF/Yr
      4,250 SF

      Historic Mill Building Commercial Space

      First floor commercial space in a renovated historic mill building.
      61 Washington St, Sanford, ME 04073
      View Details
    • $14 SF/Yr
      1,100 SF

      Main Street Retail Space Available

      Retail space in a mini mall with ample parking.
      1299 Main St, Sanford, ME 04073
      View Details
    • $7 SF/Yr
      29,373 SF

      Sanford Retail Center Space Available

      Retail spaces available in Sanford's busiest shopping center.
      1364 Main St, Sanford, ME 04073
      View Details
    • $8 SF/Yr
      97,150 SF

      Sanford Office Space: Sublease Available

      11,000 SF Office Suite, Updated 2020
      0 1 Eagle Dr, Sanford, ME 04073
      View Details
    • $19 SF/Yr
      1,500 SF

      Renovated Office Space Available

      Renovated office space for lease with flexible configurations.
      860 Main St, Sanford, ME 04073
      View Details
    • Contact for pricing

      Highly Visible Pad Opportunity

      Land for rent with excellent signage opportunity on roundabout.
      1410 Main St, Sanford, ME 04073
      View Details

    Property Visit Statistics

    • Visits by month
      758
    • Visitors by month
      911
    • Avg Time on site
      15 min
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    16 School St
    Sanford, ME 04073-3018
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    Realmo Value Estimation

    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.

    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.

    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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