Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    29-31 Eastern Ave Saco, ME 04072

    • Turn key restaurants
    • 4,166 SF
    • 0.11 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US42-0261229
    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

    • Turn key restaurants

    Property Details for 29-31 Eastern Ave

    Year built
    1910
    Construction
    FRAME
    Lot size
    0.11 lot acres
    Property size
    4,166 SF
    Zone code
    B-5
    Property type
    Turn key restaurants
    APN
    SACO M:001 L:052 U:000-000
    APU
    SACOM001L052U000000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Saco
    County
    York
    State
    Maine
    Longitude
    -70.381
    Latitude
    43.4634
    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
    2022
    $7,750
    $114,000
    $308,800
    $422,800
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      2,640 SF

      162 Main St

      RESTAURANT • 2,640 SF
      162 Main St, Saco, ME 04072-1504
      View Details
    • Value Estimation by Request
      2,200 SF

      509 Main St

      RESTAURANT • 2,200 SF
      509 Main St, Saco, ME 04072-1564
      View Details
    • Value Estimation
      $525,000
      2,736 SF

      505 Main St

      RESTAURANT • 2,736 SF
      505 Main St, Saco, ME 04072-1564
      View Details
    • Value Estimation by Request
      532 SF

      636 Main St

      RESTAURANT • 532 SF
      636 Main St, Saco, ME 04072
      View Details
    • Value Estimation by Request
      3,445 SF

      23 Main Ave

      RESTAURANT • 3,445 SF
      23 Main Ave, Saco, ME 04072-3029
      View Details
    • Value Estimation by Request
      3,984 SF

      163 Main St

      RESTAURANT • 3,984 SF
      163 Main St, Saco, ME 04072-1505
      View Details

    Similar Nearby for Sale

    • $2,300,000
      10,550 SF

      Main Street Saco Investment

      10,550 SF building, 2.28 acres
      644 Sf Bldg & Land, Saco, ME 04072
      View Details
    • $1,600,000

      New Saco Retail Opportunity

      New retail property with drive-through and ample parking.
      3 Waterfall Dr, Saco, ME 04072
      View Details
    • $2,900,000
      14,000 SF

      Saco, ME Restaurant Redevelopment

      Prime 14,000 SF restaurant, redevelopment opportunity.
      345 North St, Saco, ME 04072
      View Details
    • $550,000

      Retail Property Near Maine Turnpike

      Retail property located near Maine Turnpike Exit 36.
      19 Industrial Park Rd, Saco, ME 04072
      View Details
    • Contact for pricing
      32,328 SF

      Saco Retail Property on Route 1

      Retail property with high visibility and traffic count on Route 1.
      812 Portland Rd, Saco, ME 04072
      View Details
    • $2,300,000
      5,250 SF

      Versatile Commercial/Industrial Space For Sale

      Commercial/industrial building with retail and warehouse space available for sale.
      644 Main St, Saco, ME 04072
      View Details

    Similar Nearby for Lease

    • $35 SF/Yr
      1,400 SF

      Saco, ME Creative Office Space

      1,400 SF Retail/Office, Prime Location
      70 Elm St, Saco, ME 04072
      View Details
    • Contact for pricing
      1,508 SF

      Retail/Athletic Space in Saco

      1,508± SF retail/athletic space in a sports medicine complex.
      15 Lund Rd, Saco, ME 04072
      View Details
    • Contact for pricing
      1,400 SF

      Main Street Retail Space For Lease

      Prime Saco location, 1400 sq ft retail space.
      507 Main St, Saco, ME 04072
      View Details
    • Contact for pricing
      1 SF

      Prime Saco Retail Land Opportunity

      High-traffic Main Street location, build-to-suit available.
      650 Main St, Saco, ME 04072
      View Details
    • Contact for pricing
      42,704 SF

      Freezer & Refrigerated Distribution Facility

      42,704± SF freezer/refrigerated distribution facility on 4.23± acres.
      12 Lund Rd, Saco, ME 04072
      View Details
    • Contact for pricing
      4,590 SF

      Saco Flex Space For Lease

      Flex space suitable for office or medical office use.
      42 Industrial Park Rd, Saco, ME 04072
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    29-31 Eastern Ave
    Saco, ME 04072
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!