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Property profile & analytics
OFF-MARKET
Estimated value
$7,625,000
Investment properties
61 Washington St, Sanford, ME 04073-3083
Entity Owned
14-yr Hold
Property ID
US42-0102315
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1920
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
61,457 SF
Lot
0.86 ac (37,673 SF)
Zoning code
IR
APN
SANF M:0J29 B:17
UPID
US42-0102315
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
-
Sanford Mill Apartments Apartment Building
-
Rand & Co. House of Beauty Hair Salon Nail Salon
-
Kailee Hudson Aesthetics Spa & Massage Center
-
Ginger Roberts Alternative Medicine Practice Spa & Massage Center
-
Great Bay Services Charitable Organization Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.89M
Blend (final)
Blend
$7.63M
Owner & transaction history
Sanford Mill Redev LP · 14 yrs held
Sanford Mill Redev LP
since 2011
5 recorded transactions
Zoning & alternative use
IR · Sanford, ME
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$7.63M
Range $6.86M – $8.39M · ±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
$124 / 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
$72,459
Tax year 2023
Assessed value
$4,785,900
Assessed 2023
Previous assessed
$4,785,900
+0.0% YoY
Effective rate
1.51%
On assessed value
Assessed land
$209,300
Assessed improvement
$4,576,600
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
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
1920
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Buildings
1
Stories
3
Bathrooms
2
Total area
61,457 SF
Lot
0.86 ac (37,673 SF)
Zoning code
IR
APN
SANF M:0J29 B:17
UPID
US42-0102315
Jurisdiction
SANFORD
Zoning & alternative use
IR · Sanford, ME
Zoning IR · permitted uses
IR · Sanford, ME
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Sanford. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1920
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Stories
3
Buildings
1
Bathrooms
2
Lot
0.86 ac
Current owner
From public records · entity-resolved
Sanford Mill Redev LP
Entity
Mailing address
17 SS ST FL, PORTLAND, ME 04101-3914
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 19, 2021
—
Sanford Ml Redev LP
—
Deed
related
$3,800,000 · Saco & Biddeford Savings
Mar 4, 2021
—
Sanford Mill Redev LP
—
Deed
related
$500,000 · Genesis Community Loan Fund
Oct 17, 2012
—
Sanford Mill Redev LP
—
Deed Of Trust
related
$830,960 · Southern Maine Regional Planni
Aug 23, 2012
—
Sanford Mill Gp LLC
—
Deed Of Trust
related
$500,000 · Maine Rural Development Author
Nov 29, 2011
—
Sanford Mill Redev LP
Sanford Town Of
Grant Deed
related
—
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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