Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    12 Washington St Biddeford, ME 04005

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $2,900,000
    Property size:
    12,978 SF

    Property Features for 12 Washington St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    12,978 SF
    Lot Size
    3,485 SF

    Building Details

    Year Built
    1939

    We can help!

    Listing Contact
    Cheryl Bonawitz

    Listing Agency: Malone Commercial Brokers, Inc. Listing Agent: Cheryl Bonawitz

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Vin Santo Italian Restaurant The Dunn Bar Restaurant Wonderbar Restaurant Restaurant

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Biddeford
    County
    York
    State
    Maine
    Longitude
    -70.45548
    Latitude
    43.49299

    Nearby Similar for Sale

    • New
      $1,625,000
      3,800 SF

      Coastal Farmhouse Retreat with Barn

      Picturesque 1852 Cape farmhouse with barn, studio, and pond.
      88-90 Old Pool Rd, Biddeford, ME 04005
      View Details
    • New
      $579,900
      2,965 SF

      Well-Maintained Multi-Family Investment Opportunity

      Multi-family property in Biddeford with strong rental income.
      70 Mason St, Biddeford, ME 04005
      View Details
    • New
      $475,000
      1,654 SF

      Updated Multifamily Near Saco River

      Two updated 3-bedroom residences near Biddeford's revitalized downtown.
      5 Horrigan Ct, Biddeford, ME 04005
      View Details
    • $619,900
      2,957 SF

      Updated Three-Unit Building in Biddeford

      Well-maintained, updated 3-unit building with strong rental potential.
      84 Pike St, Biddeford, ME 04005
      View Details
    • $914,900
      4,129 SF

      Turnkey Investment Property in Biddeford

      Five-unit, fully leased property in downtown Biddeford with upside potential.
      4 Kossuth St, Biddeford, ME 04005
      View Details
    • $904,900
      3,853 SF

      Turnkey Investment Property in Biddeford

      Five-unit investment property, fully leased, near downtown Biddeford.
      11 King St, Biddeford, ME 04005
      View Details
    • New
      $2,395,000
      11,374 SF

      Mixed-Use Property with Heated Warehouse

      Eight residential units plus a heated warehouse in Biddeford, Maine.
      276 Hill St, Biddeford, ME 04005
      View Details
    • $585,000
      2,100 SF

      Biddeford Gambrel Multi-Unit Property

      Two-unit property in Biddeford's business district with updates and garage.
      433 Elm St, Biddeford, ME 04005
      View Details
    • $435,900
      1,590 SF

      Biddeford Income Property Opportunity

      Two-unit income property with investment and residential possibilities.
      312 Alfred St, Biddeford, ME 04005
      View Details
    • $440,000
      1,609 SF

      Biddeford Multifamily Income Opportunity

      Income-producing multifamily property in up-and-coming Biddeford, Maine.
      155 Hill St, Biddeford, ME 04005
      View Details
    • Contact for pricing
      5,982 SF

      Office Space in Growing Area

      Office space in a dominant growth corridor off Main St.
      27 Washington St, Biddeford, ME 04005
      View Details
    • Contact for pricing
      13,942 SF

      Biddeford Office/Flex Building For Sale

      13,942 SF office/flex building on 1.09 acres in Biddeford.
      8 Pomerleau St, Biddeford, ME 04005
      View Details

    FAQs

    Where is this commercial real estate located?
    The property is located at 12 Washington St Biddeford, ME.
    What is the asking price?
    The asking price for this property is $2,900,000.
    (207) 772-2422
    Request Owner's contact information
    12 Washington St Biddeford, ME 04005
    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.
    12 Washington St
    Biddeford, ME 04005
    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
    12 Washington St Biddeford, ME 04005
    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

    We can help!
    Listing Contact
    Cheryl Bonawitz
    (207) 772-2422
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!