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Property profile & analytics
OFF-MARKET
Estimated value
$345,000
Industrial properties
1893 Main St Sanford, ME 04073-4402
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US42-0098035
Property profile
Verified
Property type
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Year built
2000
Construction
STEEL FRAME
Total area
9,800 SF
Lot
2.06 ac (89,734 SF)
Zoning code
AD
APN
SANF M:R18A B:022B
UPID
US42-0098035
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
-
East Coast Mini Classics Production Facility Metal Fabrication Plant
-
KRI-Color Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.62M
Blend (final)
Blend
$345k
Owner & transaction history
Two Old Guys LLC · 2 yrs held
Two Old Guys LLC
since 2024
Last sale
$1.3M
4 recorded transactions
Zoning & alternative use
AD · Sanford, ME
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
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…
Zone name
Airport Development
General category
SPECIAL
Zone area
1,752.41 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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$345k
Range $311k – $380k · ±10% · vs last sale $1.30M (Apr 2 2024)
Last sale anchor
$1.30M
Apr 2 2024
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
$35 / 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
$9,185
Tax year 2023
Assessed value
$606,700
Assessed 2023
Previous assessed
$606,700
+0.0% YoY
Effective rate
1.51%
On assessed value
Assessed land
$165,300
Assessed improvement
$441,400
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
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Status
Off-Market
Year built
2000
Construction
STEEL FRAME
Heating
RADIANT
Cooling
YES
Buildings
1
Stories
1
Units
1
Bathrooms
2
Total area
9,800 SF
Lot
2.06 ac (89,734 SF)
Zoning code
AD
APN
SANF M:R18A B:022B
UPID
US42-0098035
Jurisdiction
SANFORD
Zoning & alternative use
AD · Sanford, MEZoning AD · permitted uses
AD · Sanford, ME
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
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
Airport Development
General category
SPECIAL
Zone area
1,752.41 ac
Building & site characteristics
From public records
Year built
2000
Construction
STEEL FRAME
Heating
RADIANT
Cooling
Yes
Stories
1
Buildings
1
Units
1
Bathrooms
2
Lot
2.06 ac
Current owner
From public records · entity-resolved
Two Old Guys LLC
Entity
Mailing address
27 OLD POST RD, SANFORD, ME 04073-1711
Mailing matches property
Yes
Owner-occupied
Yes
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 2, 2024
$1,300,000
Two Old Guys LLC
1893 Main Street LLC
Quit Claim Arm's Length For Ne States
$1,000,000 · Gorham Savings Bank
Nov 19, 2013
—
1893 Main Street LLC
—
Deed Of Trust
related
$168,000 · Sanford Institute For Savings
Nov 1, 2013
—
1893 Main Street LLC
Joanne M Payeur Lt
Warranty Deed
related
—
Jan 29, 2010
—
Joanne M Lt Payeur
Payeur,daniel R
Warranty Deed
related
—
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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