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    Property profile & analytics

    6 Lebanon St Sanford, ME 04073-3824

    • Turn key restaurants
    • 1,399 SF
    • 0.04 lot acres
    OFF-MARKET
    Value Estimation
    $105,000
    Last Sale
    Dec 19, 2022
    $85,000
    Location Intelligence
    Property ID
    US42-0256053
    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

    • 59 Thai Street Food / Thai Restaurant

    Property Details for 6 Lebanon St

    Year built
    1945
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.04 lot acres
    Property size
    1,399 SF
    Zone code
    DB
    Property type
    Turn key restaurants
    APN
    SANF M:0K28 B:2
    APU
    SANFM0K28B2

    Description

    This exceptional 2,000-square-foot restaurant located at 6 Lebanon St, Sanford, ME 04073, is available for sale or lease. Built in 1945 and completely renovated in 2023, this turnkey operation boasts updated plumbing and electrical systems, ensuring a smooth transition for a new owner or tenant. The property sits on a 0.03-acre lot and is zoned UB, offering significant potential. With a seating capacity of 48, the restaurant comes fully equipped, including all necessary equipment as part of the lease. The asking price is $250,000, representing a price per square foot of $125. The property's strong location provides excellent road visibility, ensuring high traffic and customer exposure. Financial projections indicate a pro-forma NOI of $18,000 and a 7.20% pro-forma cap rate. The property is currently vacant, presenting a unique opportunity for immediate occupancy. All necessary zoning inspections have been completed. This is a rare opportunity to acquire a fully operational, updated restaurant in a prime Sanford location. The APN is SANF-000002-K000028.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $110,000

    • CAP approach

      CAP return
      Estimation
      6%
      $105,000
      6.5%
      $90,000
      7%
      $100,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $90,000
      Geo Method
      $100,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $100,000
      Retail
      $90,000
      Mixed-Use
      $105,000
      Hospitality
      $85,000
      Educational
      $100,000
      Residential Income
      $95,000
      Energy
      $110,000
      Income-Based Land
      $85,000
      Food Service
      $100,000

    Location Insight

    • Map
    • Local Demand
    City
    Sanford
    County
    York
    State
    Maine
    Longitude
    -70.7778
    Latitude
    43.4404
    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
    $1,671
    $38,600
    $71,800
    $110,400
    -
    $0.00
    $0.00
    $0.00

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    6 Lebanon St
    Sanford, ME 04073-3824
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    Realmo Value Estimation

    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.

    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.

    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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