Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    58 Ocean Park Rd Saco, ME 04072-1620
    Back to Search
    Property profile & analytics

    58 Ocean Park Rd, Saco, ME 04072-1620

    View on Map
    • Commercial real estate
    • 1.32 lot acres
    Off-Market
    Last Sale Jul 11, 2022
    $475,000
    Property ID
    US42-0909092
    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
    $530,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Schooner Mini Golf / Golf Course

    Property Details for 58 Ocean Park Rd

    Lot size
    1.32 lot acres
    Zone code
    B-2C
    Property type
    Commercial real estate
    APN
    SACO M:034 L:015 U:000-000
    APU
    SACOM034L015U000000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Feb 1, 2023 — 58 Ocean Park Road LLC — Deed · related $224k · Bangor Savings Bank
    Jul 11, 2022 $475,000 58 Ocean Park Road LLC Donna M Murphy Quit Claim Arm's Length For Ne States —
    Dec 20, 2021 — Donna M Murphy — Deed · related $285k · Kennebunk Savings Bank
    Jul 27, 2011 — Kevin W Murphy North South Invest LLC Grant Deed · related —
    Jun 18, 2007 — North-south Inv LLC Dallaire,kathleen Deed Of Trust · related $472k · Worth Funding INC

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $605,000
      ML approach
      $570,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Saco
    County
    York
    State
    Maine
    Longitude
    -70.4235
    Latitude
    43.5088
    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
    $11,128
    $289,200
    $317,900
    $607,100
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      14,000 SF

      345 North St

      Restaurants
      345 North St, Saco, ME 04072
      View Details
    • Value Estimation by Request
      5.48 Acres

      352 Nn St

      COMMERCIAL (GENERAL)
      352 Nn St, Saco, ME 04072-1816
      View Details
    • Value Estimation by Request
      1.06 Acres

      473 Main St

      COMMERCIAL (GENERAL)
      473 Main St, Saco, ME 04072-1529
      View Details
    • Value Estimation by Request
      1.55 Acres

      30 Ocean Park Rd

      COMMERCIAL (GENERAL)
      30 Ocean Park Rd, Saco, ME 04072-1620
      View Details
    • Value Estimation by Request
      10.00 Acres

      746 Portland Rd

      COMMERCIAL (GENERAL)
      746 Portland Rd, Saco, ME 04072-9662
      View Details
    • Value Estimation
      $6,355,000
      67,638 SF

      77 Industrial Park Rd

      COMMERCIAL (GENERAL)
      77 Industrial Park Rd, Saco, ME 04072-1804
      View Details

    Similar Nearby for Sale

    • $385,000
      1,288 SF

      Saco Main Street Commercial Gem

      Prime Downtown Location, 1288 sq ft
      292 Main St, Saco, ME 04072
      View Details
    • $1,700,000
      9,752 SF

      Historic Saco Mill Building For Sale

      Prime Saco Riverfront Commercial Space
      102 Main St, Saco, ME 04072
      View Details
    • $2,900,000
      10,260 SF

      Saco Commercial Property For Sale

      Commercial property in Saco, Maine, suitable for various uses.
      5 Willey Rd, Saco, ME 04072
      View Details
    • Contact for pricing

      Undeveloped Industrial Land For Sale

      Undeveloped industrial land in Saco Industrial Park available for purchase.
      45 Industrial Park Rd, Saco, ME 04072
      View Details
    • $238,500
      0.25 Acres

      Saco Land with Development Potential

      In-town lot suitable for residential development.
      Sawyer St, Saco, ME 04072
      View Details
    • New
      $145,000
      0.30 Acres

      Shovel-Ready Building Lot with Brick Garage

      Conservation-zoned lot in Saco, ME with a small brick two-car garage and permit-ready site for a new home or ADU.
      257 New County Rd, Saco, ME 04072
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail/Athletic Space in Saco

      Retail/athletic space in OA Sports Center complex, accessible from I-195.
      15 Lund Rd, 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
    • Contact for pricing
      1,222 SF

      Downtown Saco Office Space Available

      Office/studio space for rent in downtown Saco.
      209 Main St, Saco, ME 04072
      View Details
    • Contact for pricing
      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

      Retail Space on Main Street

      Single tenant retail space available for rent.
      507 Main St, Saco, ME 04072
      View Details
    • 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
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    58 Ocean Park Rd
    Saco, ME 04072-1620
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    58 Ocean Park Rd, Saco, ME, 04072
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!