Property profile

937 Portland Rd Saco, ME 04072

OFF-MARKET
Retail space
Property ID
US42-0156157
12,231 SF 1.39 ac lot Built 2010
Entity Owned 5-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

Retail property located at 937 Portland Road in Saco, Maine, with a total building area of 11,865 square feet and frontage on U.S. Route 1. The site provides access off Route One and benefits from roadway exposure, including a stated daily traffic count of 16,180 vehicles per day; the surrounding Route 1 corridor is described as having an average daily traffic count of 18,500 vehicles. The property is configured with three long-term tenants, reflecting a multi-tenant retail use.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2010
Construction STEEL FRAME
Total area 12,231 SF
Lot 1.39 ac (60,337 SF)
Zoning code MU3
APN SACO M:062 L:001 U:003-000
UPID US42-0156157

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Recycling Center
  • Carpet & Flooring Store

Location

937 Portland Rd Saco, ME 04072-9811
Saco metro Census 5200 PORTLAND-SOUTH PORTLAND-BIDDEFORD, ME METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$595k

Owner & transaction history

since 2021
2 recorded transactions
2021
Price N/A
2016
Price N/A

Zoning & alternative use

MU3 · Saco, ME

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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