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

    563 New Dam Rd Sanford, ME 04073

    • Commercial real estate
    • 5,996 SF
    • 17.10 lot acres
    For Sale
    View listing
    $4,950,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US42-0146589
    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

    • Pleasant River Lumber / Mill / Factory

    Property Details for 563 New Dam Rd

    Year built
    1960
    Lot size
    17.10 lot acres
    Property size
    5,996 SF
    Zone code
    RMU
    Property type
    Commercial real estate
    APN
    SANF M:0R16 B:26
    APU
    SANFM0R16B26

    Description

    This exceptional 33.25-acre industrial property in Sanford, Maine, presents a prime development opportunity. Located at 563 New Dam Rd, 04073, this vacant site boasts a substantial 200,000 square feet of space across 24 buildings, all situated on a single story. The property's zoning permits industrial use, making it ideal for distribution, manufacturing, or warehousing. The asking price is $10,000,000, translating to $50 per square foot and $416,667 per unit. The site's previous use as a Robbins lumber mill processing facility provides a solid foundation for various industrial applications. The property benefits from robust 3-phase heavy industrial power, ensuring ample capacity for energy-intensive operations. A comprehensive appraisal detailing all buildings and equipment is available upon request, providing potential buyers with a thorough understanding of the asset's value and potential. This location in York County offers excellent access to transportation networks, making it an attractive proposition for businesses seeking efficient logistics and distribution capabilities. This is a rare opportunity to acquire a large-scale industrial property in a thriving Maine market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $570,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,240,000
      6.5%
      $1,145,000
      7%
      $1,065,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $941,000
      Market price range: $326k - $942k

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

    Location Insight

    • Map
    • Local Demand
    City
    Sanford
    County
    York
    State
    Maine
    Longitude
    -70.6862
    Latitude
    43.4243
    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
    $54,925
    $640,800
    $2,987,000
    $3,627,800
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

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      75.00 Acres

      New Dm Rd

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    • Value Estimation by Request
      0.21 Acres

      Washington St

      COMMERCIAL (GENERAL) • 0.21 Acres
      Washington St, Sanford, ME 04073
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    • Value Estimation by Request
      1,512 SF

      199 Airport Rd, Unit 16B

      COMMERCIAL CONDOMINUIM • 1,512 SF
      199 Airport Rd, Sanford, ME 04073-2429
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    • Value Estimation by Request
      1,631 SF

      199 Airport Rd, Unit 205

      COMMERCIAL CONDOMINUIM • 1,631 SF
      199 Airport Rd, Sanford, ME 04073-2429
      View Details
    • Value Estimation by Request
      1,824 SF

      199 Airport Rd, Unit 54

      COMMERCIAL CONDOMINUIM • 1,824 SF
      199 Airport Rd, Sanford, ME 04073-2429
      View Details
    • Value Estimation
      $21,235,000
      198,252 SF

      1930 Main St

      SHOW ROOM, WAREHOUSE • 198,252 SF
      1930 Main St, Sanford, ME 04073-4479
      View Details

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      Warehouse, Storage, and Manufacturing Buildings

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    • $899,000
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      Sanford Development Parcel: 12.5 Acres

      12.5-acre development parcel suitable for multifamily rentals or condos.
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    Similar Nearby for Lease

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      Renovated office space for lease with flexible configurations.
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      Route 109 Development Site

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      View Details
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    563 New Dam 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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