Fully Equipped Restaurant with
For Sale
$1,250,000
11 Elm Street, Biddeford, ME 04005
Fully equipped restaurant on Main Street with a large on-site parking lot and high daily traffic counts.
Property Size3,935 SF
Lot Size0.56 Acres
Price / SF$317.66
Days on Market144
Property Features for 11 Elm Street
General Information
Standard status
Active
Size
3,935 SF
Lot size
0.56 Acres
Property subtype
Retail
Additional Details
Traffic Count
12,400 vehicles/day
Taxes and HOA fees
Annual Taxes
$7,548
Amenities
Central Air
3
Paved Driveway, On Site.
0.5600000023841858
River
River.
Building Details
Year Built
1972
Listing Agency:
Coldwell Banker Realty
(207) 604-0655
Listed By:
Steven Liautaud · License #BA910131
(207) 604-0655
Source:
Xome
Added: Apr 2
Changed: Aug 23
Last Checked: Aug 22 at 2:13PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Realty
Investment Insights
Based on property information with market context.
Fully equipped 3,959 SF restaurant available for sale at 11 Elm Street in Biddeford, ME. The property includes 0.56 acres of land and features a large on-site parking lot designed to support customer access and daily operations.
Situated on Main Street in the heart of Biddeford, the site benefits from reported traffic volume of 12,400 vehicles per day. The area is undergoing a Main Street Revitalization Project, with major developments nearby including Pepperell Mill, Lincoln Mill, and The Levee.
This offering is presented as a turn-key restaurant space, combining an established food-and-beverage setup with convenient parking in a district currently seeing active redevelopment.
Situated on Main Street in the heart of Biddeford, the site benefits from reported traffic volume of 12,400 vehicles per day. The area is undergoing a Main Street Revitalization Project, with major developments nearby including Pepperell Mill, Lincoln Mill, and The Levee.
This offering is presented as a turn-key restaurant space, combining an established food-and-beverage setup with convenient parking in a district currently seeing active redevelopment.
Key Highlights
- Fully equipped 3,959 SF restaurant on Main Street in Biddeford, ME
- 0.56‑acre lot with a large on‑site parking lot
- High traffic volume of 12,400 vehicles per day
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$47,592
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.81%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$951,840
$951.8K
Cap Rate 7%
$679,886
$679.9K
Cap Rate 9%
$528,800
$528.8K
Market Conditions
NOI Build-Up for 3,935 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$70.8K $18.00/SF
− Vacancy
−$7.4K −$1.87/SF
EGI
$63.5K $16.13/SF
− OpEx
−$15.9K −$4.03/SF
NOI
$47.6K $12.09/SF
Area
York County, ME
Vacancy
10.41%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$951,840
Cap Rate 7%
$679,886
Cap Rate 9%
$528,800
Alternative Uses
Best Use
Specialty Retail
$679.9K
$594.9K – $793.2K
NOI $47,592 @ 7.0% cap · market cap 3.81%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.25M
$1.09M – $1.46M
NOI $87,316 @ 7.0% cap · market cap 6.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
12,400 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
1,492
Businesses Nearby
136k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 48%
Groceries 20%
Apparel 17%
Dining 15%
Shaw's Supermarket
Groceries
26,960 visits/mo
0.4 miles
Reny's
Apparel
23,122 visits/mo
0.4 miles
Dunkin' Donuts
Dining
9,783 visits/mo
0.3 miles
7-Eleven
Shops & Services
9,374 visits/mo
0.5 miles
Mobil
Shops & Services
9,313 visits/mo
0.2 miles
Demographics for 04005, ME
24,581
Population
11,001
Households
2.2
Avg Household Size
39
Median Age
29%
College-Educated
95%
High-School Grad
47.9 sq mi
ZIP Area
513
Density / Sq Mi
$71,268
Median Household Income
$39,176
Median Earnings
$1,186
Median Rent
$351,700
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Fully equipped restaurant on Main Street with a large on-site parking lot and high daily traffic counts.
Where is this conventional restaurant located?
The property is located at 11 Elm Street Biddeford, ME.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Fully equipped 3,959 SF restaurant on Main Street in Biddeford, ME; 0.56‑acre lot with a large on‑site parking lot; High traffic volume of 12,400 vehicles per day
