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    355 Grammar Rd Sanford, ME 04073
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    Property profile & analytics

    355 Grammar Rd Sanford, ME 04073

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    • Commercial real estate
    • 48.00 lot acres
    Off-Market
    Property ID
    US42-0061268
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 355 Grammar Rd

    Lot size
    48.00 lot acres
    Property type
    Commercial real estate
    APN
    6392 - Map R 12 Block 073 Lot 0000

    Description

    This exceptional 48-acre parcel, located at 355 Grammar Road in Sanford, Maine (zip code 04073, York County), presents a unique opportunity for residential development. The property, identified by APN 6392 - Map R 12 Block 073 Lot 0000, is zoned RR and offers significant potential. With a polygon shape, the lot boasts over 680 feet of frontage on Grammar Road and a depth of approximately 1,300 feet, providing ample space and excellent access. The asking price is $475,000. While primarily suited for residential projects, the zoning may allow for certain commercial uses, offering flexibility for potential buyers. Its convenient location in Sanford, Maine adds to its appeal. This substantial land holding represents a compelling investment opportunity for developers seeking a large, well-situated parcel in a desirable area. Serious inquiries are encouraged.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Sanford
    County
    York
    State
    Maine
    Longitude
    -70.736312036681
    Latitude
    43.440979154363

    Comparable in this City

    • $300,000
      1,768 SF

      Classic Sanford Duplex Opportunity

      Over-under duplex with rental income potential in Sanford, Maine.
      91 Brook St, Sanford, ME 04073
      View Details
    • $475,000
      2,370 SF

      Sanford Multifamily Property on Corner Lot

      Well-maintained two-unit property with income potential in Sanford, Maine.
      55 Tanguay St, Sanford, ME 04073
      View Details
    • $499,000
      2,370 SF

      Spacious Duplex on Corner Lot

      Well-maintained two-unit property with four bedrooms each, near downtown.
      55 Tanguay St, Sanford, ME 04073
      View Details
    • $305,000
      1,296 SF

      Sanford Duplex: Investment Opportunity

      Duplex with two 1-bedroom units, separate utilities, off-street parking.
      22 Thompson St, Sanford, ME 04073
      View Details
    • $365,000
      1,560 SF

      Charming Sanford Duplex in Downtown

      Downtown Sanford duplex, ideal for owner-occupants or investors.
      3 Leighton St, Sanford, ME 04073
      View Details
    • $285,000
      304,484.00 Acres

      Sanford Land with Water Access

      Large lot with water access to Estes Lake.
      Lot B Bernier Rd, Sanford, ME 04073
      View Details

    Similar Nearby for Sale

    • $300,000
      1,768 SF

      Classic Sanford Duplex Opportunity

      Over-under duplex with rental income potential in Sanford, Maine.
      91 Brook St, Sanford, ME 04073
      View Details
    • $475,000
      2,370 SF

      Sanford Multifamily Property on Corner Lot

      Well-maintained two-unit property with income potential in Sanford, Maine.
      55 Tanguay St, Sanford, ME 04073
      View Details
    • $499,000
      2,370 SF

      Spacious Duplex on Corner Lot

      Well-maintained two-unit property with four bedrooms each, near downtown.
      55 Tanguay St, Sanford, ME 04073
      View Details
    • $365,000
      1,560 SF

      Charming Sanford Duplex in Downtown

      Downtown Sanford duplex, ideal for owner-occupants or investors.
      3 Leighton St, Sanford, ME 04073
      View Details
    • $305,000
      1,296 SF

      Sanford Duplex: Investment Opportunity

      Duplex with two 1-bedroom units, separate utilities, off-street parking.
      22 Thompson St, Sanford, ME 04073
      View Details
    • $285,000
      304,484.00 Acres

      Sanford Land with Water Access

      Large lot with water access to Estes Lake.
      Lot B Bernier Rd, Sanford, ME 04073
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr

      Bright Sanford Apartment For Rent

      Spacious 2-bed, 1-bath apartment with great natural light.
      42 Spruce St, Sanford, ME 04073
      View Details
    • Contact for pricing

      Highly Visible Pad Opportunity

      Land for rent with excellent signage opportunity on roundabout.
      1410 Main St, Sanford, ME 04073
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    • Contact for pricing

      Route 109 Development Site

      Approximately 12-acre development site for ground lease or build-to-suit.
      1440 Main St, Sanford, ME 04073
      View Details
    • Contact for pricing

      Retail Space Available For Rent

      Retail spaces available, ranging from 4,900 to 13,320 SqFt.
      1247 Main St, Sanford, ME 04073
      View Details
    • Contact for pricing
      29,373 SF

      Sanford Retail Center Space Available

      Retail spaces available in Sanford's busiest shopping center.
      1364 Main St, Sanford, ME 04073
      View Details
    • $875 /Mo
      750 SF

      Renovated Office Space Available

      Renovated office space for lease with flexible configurations.
      860 Main St, Sanford, ME 04073
      View Details
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    355 Grammar Rd
    Sanford, ME 04073
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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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