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Property profile & analytics
OFF-MARKET
Estimated value
$265,000
Investment properties
372 Alfred Rd Sanford, ME 04073-6111
Individually Owned
13-yr Hold
Property ID
US42-0311084
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1948
Construction
FRAME
Total area
2,069 SF
Lot
0.55 ac (24,000 SF)
Zoning code
RMU
APN
SANF M:0R12 B:070A
UPID
US42-0311084
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
-
Mel's Raspberry Patch Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$265k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$265k
Owner & transaction history
Archer W Bernard · 13 yrs held
Archer W Bernard
since 2012
3 recorded transactions
Zoning & alternative use
RMU · Sanford, ME
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Rural Mixed Use Zone (RMU). A. Purpose. The purpose of the Rural Mixed Use (RMU) Zone is to provide areas in the City which foster a working rural environment, including a mix of residential and traditional rural uses, while maintaining the rural character of these areas. B. Permitted uses. Uses shown on the Table of Land Uses [1] as being permitted uses sha…
Zone name
Rural Mixed Use
General category
MIXED_USE
Zone area
5,142.07 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
$265,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$265k
Range $239k – $292k · ±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
$128 / 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
$3,275
Tax year 2023
Assessed value
$216,300
Assessed 2023
Previous assessed
$216,300
+0.0% YoY
Effective rate
1.51%
On assessed value
Assessed land
$44,800
Assessed improvement
$171,500
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1948
Construction
FRAME
Heating
FORCED AIR
Buildings
1
Stories
2
Bathrooms
2
Total area
2,069 SF
Lot
0.55 ac (24,000 SF)
Zoning code
RMU
APN
SANF M:0R12 B:070A
UPID
US42-0311084
Jurisdiction
SANFORD
Zoning & alternative use
RMU · Sanford, MEZoning RMU · permitted uses
RMU · Sanford, ME
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
Rural Mixed Use Zone (RMU). A. Purpose. The purpose of the Rural Mixed Use (RMU) Zone is to provide areas in the City which foster a working rural environment, including a mix of residential and traditional rural uses, while maintaining the rural character of these areas. B. Permitted uses. Uses shown on the Table of Land Uses [1] as being permitted uses shall be permitted by right in the RMU Zone. [1]
Zone name
Rural Mixed Use
General category
MIXED_USE
Zone area
5,142.07 ac
Building & site characteristics
From public records
Year built
1948
Construction
FRAME
Heating
FORCED AIR
Stories
2
Buildings
1
Bathrooms
2
Lot
0.55 ac
Current owner
From public records · entity-resolved
Archer W Bernard
Individual
Mailing address
372 ALFRED RD, SANFORD, ME 04073-6111
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 16, 2012
—
Archer W Bernard
—
Deed Of Trust
related
$20,000 · Kennebunk Savings Bank
Dec 1, 2005
—
Archer W Bernard
—
Deed Of Trust
related
$13,000 · Kennebunk Savings Bank
Apr 26, 2005
—
Melodie E Bernard
—
Deed Of Trust
related
$143,000 · Kennebunk Savings Bank
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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