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

    379 Harry Howes Rd Sanford, ME 04073

    • Showrooms
    • 2,400 SF
    • 6.00 lot acres
    OFF-MARKET
    Last Sale
    Mar 27, 2024
    Value Estimations
    $340,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US42-0126917
    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

    • Showrooms

    Property Details for 379 Harry Howes Rd

    Year built
    1977
    Construction
    FRAME
    Lot size
    6.00 lot acres
    Property size
    2,400 SF
    Zone code
    RR
    Property type
    Showrooms
    APN
    SANF M:00R5 B:007D
    APU
    SANFM00R5B007D

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $295,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $495,000
      6.5%
      $460,000
      7%
      $425,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $302,000
      Market price range: $302k - $1.07M

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

    Location Insight

    • Map
    • Local Demand
    City
    Sanford
    County
    York
    State
    Maine
    Longitude
    -70.8186
    Latitude
    43.4501
    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
    2023
    $1,559
    $52,200
    $50,800
    $103,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,140,000
      198,252 SF

      1930 Main St

      SHOW ROOM, WAREHOUSE • 198,252 SF
      1930 Main St, Sanford, ME 04073-4479
      View Details
    • Value Estimation
      $275,000
      4,800 SF

      493 New Dm Rd

      SHOW ROOM, WAREHOUSE • 4,800 SF
      493 New Dm Rd, Sanford, ME 04073
      View Details
    • Value Estimation
      $410,000
      9,600 SF

      16 Clear Zone Rd

      SHOW ROOM, WAREHOUSE • 9,600 SF
      16 Clear Zone Rd, Sanford, ME 04073
      View Details
    • Value Estimation
      $385,000
      2,145 SF

      13 Foch St

      SHOW ROOM, WAREHOUSE • 2,145 SF
      13 Foch St, Sanford, ME 04073
      View Details
    • Value Estimation
      $310,000
      6,000 SF

      281 Jagger Ml Rd

      SHOW ROOM, WAREHOUSE • 6,000 SF
      281 Jagger Ml Rd, Sanford, ME 04073-2404
      View Details
    • Value Estimation
      $420,000
      18,097 SF

      272 Cottage St

      SHOW ROOM, WAREHOUSE • 18,097 SF
      272 Cottage St, Sanford, ME 04073-1815
      View Details

    Similar Nearby for Sale

    • New
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      7,288 SF

      Sanford Retail and Warehouse Space

      Retail and warehouse space with flexible heated and cold storage.
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    • $5,500,000
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      Established Retail Plaza For Sale

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    • $290,000
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      Adams Landing: Sanford Commercial Land

      Prime 1.04-acre commercial lot, ideal for development.
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    • $3,600,000
      28,118 SF

      Sanford Office Park Investment

      28,000+ sq ft office park investment opportunity in Sanford.
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    • Contact for pricing
      Pending

      Sanford City Lot For Sale

      City-owned lot with utilities available in Sanford, Maine.
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      View Details
    • $300,000
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      Classic Sanford Duplex Opportunity

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    Similar Nearby for Lease

    • $13 SF/Yr
      4,250 SF

      Historic Mill Building Commercial Space

      First floor commercial space in a renovated historic mill building.
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      View Details
    • $14 SF/Yr
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      Main Street Retail Space Available

      Retail space in a mini mall with ample parking.
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      View Details
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      29,373 SF

      Sanford Retail Center Space Available

      Retail spaces available in Sanford's busiest shopping center.
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      View Details
    • $8 SF/Yr
      97,150 SF

      Sanford Office Space: Sublease Available

      11,000 SF Office Suite, Updated 2020
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      View Details
    • $19 SF/Yr
      1,500 SF

      Renovated Office Space Available

      Renovated office space for lease with flexible configurations.
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      View Details
    • Contact for pricing

      Highly Visible Pad Opportunity

      Land for rent with excellent signage opportunity on roundabout.
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      View Details
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    379 Harry Howes 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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