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Property profile & analytics
OFF-MARKET
Estimated value
$180,000
Industrial properties
199 Airport Rd 11 Sanford, ME 04073-2429
Individually Owned
Absentee Owner
Free & Clear
Property ID
US42-0198442
Property profile
Verified
Property type
Industrial properties
Use group
CONDOMINIUMS (INDUSTRIAL)
Year built
1980
Construction
STEEL FRAME
Total area
1,260 SF
Zoning code
AD
APN
SANF M:R18A B:16 L:11
UPID
US42-0198442
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
-
Southern Maine Aviation Vocational School Training Center
-
Sanford Seacoast Regional Airport Airport Regional Airport
-
Pilots Cove Cafe Restaurant
-
The RUNAWAY at PCC Hotel & Motel Resort
-
Flight Line Aviation-Sanford Training Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$180k
Owner & transaction history
LARRY G CUTTING
LARRY G CUTTING
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
$180k
Range $162k – $198k · ±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
$143 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$502
Tax year 2024
Assessed value
$31,100
Assessed 2024
Previous assessed
$31,100
+0.0% YoY
Effective rate
1.61%
On assessed value
Assessed improvement
$31,100
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
CONDOMINIUMS (INDUSTRIAL)
Status
Off-Market
Year built
1980
Construction
STEEL FRAME
Heating
NONE
Buildings
1
Stories
1
Total area
1,260 SF
Zoning code
AD
APN
SANF M:R18A B:16 L:11
UPID
US42-0198442
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
1980
Construction
STEEL FRAME
Heating
NONE
Stories
1
Buildings
1
Current owner
From public records · entity-resolved
LARRY G CUTTING
Individual
Free & Clear · 0 yrs held
Mailing address
109 W SHR DR, LYMAN, ME 04002-6922
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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