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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    308 Main St Saco, ME 04072-1515

    • Office buildings
    • 3,816 SF
    • 0.21 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US42-0223839
    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

    • Steppin Out Dance Center / Training Center

    Property Details for 308 Main St

    Year built
    1890
    Construction
    STEEL FRAME
    Lot size
    0.21 lot acres
    Property size
    3,816 SF
    Zone code
    B-3
    Property type
    Office buildings
    APN
    SACO M:038 L:115 U:000-000
    APU
    SACOM038L115U000000

    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
    -70.4448
    Latitude
    43.4993
    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
    $5,479
    $99,200
    $199,700
    $298,900
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,130,000
      8,056 SF

      890 Portland Rd

      OFFICE BUILDING • 8,056 SF
      890 Portland Rd, Saco, ME 04072-9600
      View Details
    • Value Estimation
      $750,000
      3,010 SF

      75 Nn St

      OFFICE BUILDING • 3,010 SF
      75 Nn St, Saco, ME 04072-1924
      View Details
    • Value Estimation by Request
      863 SF

      25-27 Cmn St

      OFFICE BUILDING • 863 SF
      25-27 Cmn St, Saco, ME 04072
      View Details
    • Value Estimation
      $1,270,000
      10,140 SF

      180 Main St

      OFFICE BUILDING • 10,140 SF
      180 Main St, Saco, ME 04072-1507
      View Details
    • Value Estimation by Request
      2,624 SF

      374 Main St

      OFFICE BUILDING • 2,624 SF
      374 Main St, Saco, ME 04072-1521
      View Details
    • Value Estimation
      $2,655,000
      21,120 SF

      885 Portland Rd

      OFFICE BUILDING • 21,120 SF
      885 Portland Rd, Saco, ME 04072-9794
      View Details

    Similar Nearby for Sale

    • New
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      8,736 SF

      Historic Brick Building in Saco

      Iconic, fully leased, historic brick building in downtown Saco, Maine.
      190 Main St, Saco, ME 04072
      View Details
    • Contact for pricing
      6,000 SF

      Saco Riverfront Office/Warehouse Building

      Turn-key office/warehouse near Maine Turnpike and walkable to downtowns.
      44 Lincoln St, Saco, ME 04072
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    • $2,900,000
      10,260 SF

      Saco Commercial Building For Sale

      Commercial building in Saco, Maine, suitable for multiple uses.
      5 Willey Rd, Saco, ME 04072
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    • $385,000
      1,288 SF

      Saco Main Street Commercial Gem

      Prime Downtown Location, 1288 sq ft
      292 Main St, Saco, ME 04072
      View Details
    • $2,300,000
      2.28 Acres

      Saco Commercial Opportunity Zone Property

      2.28 acres with building and development potential in Saco, Maine.
      644 Main St, Saco, ME 04072
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    • $249,000
      0.25 Acres

      Saco Land with Development Potential

      In-town lot suitable for residential development in Saco, Maine.
      Sawyer St, Saco, ME 04072
      View Details

    Similar Nearby for Lease

    • 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
    • $13 SF/Yr
      13,200 SF

      Prime Saco Flex Space Available

      13,200 SF Flex Space, Fully Vacant
      42 Industrial Park Rd, Saco, ME 04072
      View Details
    • $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
      1,772 SF

      Downtown Saco Office Space Available

      Office/studio space for rent in downtown Saco.
      209 Main St, Saco, ME 04072
      View Details
    • $13 SF/Yr
      10,000 SF

      Saco Medical Office Suite

      10,000± SF medical office suite for rent.
      655 Main St, Saco, ME 04072
      View Details
    • Contact for pricing
      63,000 SF

      Industrial Build-to-Suit Opportunity, Saco

      63,000± SF build-to-suit industrial building on US Route 1.
      1016 Portland Rd, Saco, ME 04072
      View Details
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    308 Main St
    Saco, ME 04072-1515
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    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
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