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Property profile & analytics
OFF-MARKET
Estimated value
$280,000
Investment properties
17 Spencer Hl Rd Sanford, ME 04073-2415
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US42-0126594
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1975
Construction
FRAME
Total area
2,464 SF
Lot
0.72 ac (31,200 SF)
Zoning code
RD
APN
SANF M:0R15 B:082A
UPID
US42-0126594
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
Current use
Occupant on record · Public records
-
Betsey M. Davis, LCSW Psychotherapist
-
Betsey M Davis LCSW Psychotherapist Service Establishment
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$280k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$280k
Owner & transaction history
James B Gardella · 3 yrs held
James B Gardella
since 2022
3 recorded transactions
Zoning & alternative use
RD · Sanford, ME
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Residential Development Zone (RD). [Amended 5-5-2020 by Order No. 19-874-01 ; 11-23-2021 by Order No. 21-494-01 ; 9-20-2022 by Order No. 22-440-01 ; 1-16-2024 by Order No. 23-517-01 ; 2-4-2025 by Order No. 25-33-01 ] A. Purpose. The purpose of the Residential Development (RD) Zone is to provide areas in the City for the extension of a compact pattern of resi…
Zone name
Residential Development
General category
RESIDENTIAL
Zone area
630.85 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
$280,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$280k
Range $252k – $308k · ±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
$114 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$3,116
Tax year 2023
Assessed value
$205,800
Assessed 2023
Previous assessed
$205,800
+0.0% YoY
Effective rate
1.51%
On assessed value
Assessed land
$68,600
Assessed improvement
$137,200
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1975
Construction
FRAME
Heating
FORCED AIR
Buildings
1
Stories
1
Units
1
Bathrooms
2
Total area
2,464 SF
Lot
0.72 ac (31,200 SF)
Zoning code
RD
APN
SANF M:0R15 B:082A
UPID
US42-0126594
Jurisdiction
SANFORD
Zoning & alternative use
RD · Sanford, MEZoning RD · permitted uses
RD · Sanford, ME
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
Residential Development Zone (RD). [Amended 5-5-2020 by Order No. 19-874-01 ; 11-23-2021 by Order No. 21-494-01 ; 9-20-2022 by Order No. 22-440-01 ; 1-16-2024 by Order No. 23-517-01 ; 2-4-2025 by Order No. 25-33-01 ] A. Purpose. The purpose of the Residential Development (RD) Zone is to provide areas in the City for the extension of a compact pattern of residential development in areas where public sewer and water service can be extended. B. Permitted uses. Uses shown on the Table of Land Uses [1] as being permitted uses shall be permitted by right in the RD Zone. [1]
Zone name
Residential Development
General category
RESIDENTIAL
Zone area
630.85 ac
Building & site characteristics
From public records
Year built
1975
Construction
FRAME
Heating
FORCED AIR
Stories
1
Buildings
1
Units
1
Bathrooms
2
Lot
0.72 ac
Current owner
From public records · entity-resolved
James B Gardella
Individual
Mailing address
17 SPENCER HL RD, SANFORD, ME 04073-2415
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 13, 2022
—
James B Gardella
Betsey M Davis
Warranty Deed
$200,000 · Loandepot.com LLC
Nov 9, 2016
—
Betsey M Davis
Ruth A Hammond
Warranty Deed
—
—
—
Betsey M Davis
—
Deed Of Trust
related
$45,000 · Saco Vly Cu
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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